Which is better? Selling the land or building a house then sell?

[Trevor S Foster]

I still can't get this idea out of my head. My mother owns land and has had it appraised. It is ready to be built on and I feel like it would be more profitable to have a home built and then selling the home. I

What do you guys think ?

There are multiple homes being built in the area, most could be considered mansion. My grandparents and Aunt have built homes already on the part of land they own, so I feel like we could have one built and sell it for more than what selling the land would bring?

Can someone shed some light on this ?

FYI the appraisal was for almost 140,000 for about 4.5 acres.

[Thomas S.]

You would need to find out what the appraised values of your grandparents and aunts property with home would sell for and get a quote on the building of a similar home on your land would cost.

There are many factors to be considered in building not the least of which are money to build, experience and stress tolerance. Building a home is a major undertaking that for many would simply not be worth the gains.

It is entirely dependant on the location but something to keep in mind the greatest profit will come from building and occupying the property as a primary residence first before selling.