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Won’t the reduced footprint make space more valuable thus driving up land values?

April 26, 2017driving footprint land reduced valuable values

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Won’t the reduced footprint make space more valuable thus driving up land values?

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While that is one way to look at it the reality is quite different. Smaller homes generally have a lower market value. If other homes on your block are significantly limited in size it may make them less desirable and thus less valuable. This can affect an adjacent property in the same manner.