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Reply to "why new builds in mclean lose values over time?"
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[quote=Anonymous][quote=Anonymous]Value is almost always in the land. That is why it makes zero financial sense to build a $1 million + craftsman structure on a $400k piece of property. The structure will become less and less attractive to buyers with each passing year as it becomes dated. The land will appreciate but not enough to compensate for the declining value of the structure. [/quote] Value is not totally in the land if county put some good restrictions on building permits I'm not sure why faitfax county and in general Virginia and Maryland just allow people to tear down and build new freely [/quote]
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