Not finish buildings decrease price of the land

Not finishing buildings on lots could decrease the price of acre. However, before such projects did not cause many problems. The case is that according to the new legislation not finishing construction could not be rent legally.

Not finishing constructions are common for country cooperatives – it is here a lot of lot is with dig foundations and ground floors. It is hard to sell such lot – many clients need free land. Moreover, it is not legal to rent not finishing constructions. For this you need to have right of property for house. Now this document could be formed only for finished houses – with windows, doors, roof and utilities. Such constructions record in real estate register and not finishing construction do not go there. However, till register creation lot with not finishing house could be sold.

With entering register not finishing constructions bring only problems to its owners. Where, you could buy either “free” lot or with finished house. It is needed to pull down two-storey, three-storey building and get a certificate in Bureau Technical Inventory about absence of construction. And only then you could sell the lot.

If not finishing construction will be pulled down, land will be cost more expensive. As lot with not finishing construction is decrease. However, in autumn such houses could be plus while buying. These constructions could be finished and sell more expensive and get dividends. As for today it could not be sold we could not say that it is plus. It is materials are worth on the lot. Whether owner should finish house an get a right of property and place it into commission or take to pieces and sell as building materials. Contract is made in following way – land is sold by state act and construction – by warrant. The best way is finished this construction and sell as ready house. Then you will not lost money which was put in construction and object could be sold quicker.