How do you calculate real estate development costs?

• <div><p>You should always calculate real estate development costs on a case-by-case basis, so there’s no specific formula to estimate your total. You should speak with a local construction manager to see what you’ll need to do in terms of clearing and leveling the land, connecting utilities, and pulling permits for construction. A professional will be able to get you an accurate estimate for land development. </p></div>

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Q: Will land ever lose value?

• <div><p>Land doesn&rsquo;t depreciate in the same way that a house, vehicle, or other property does, but it can lose value based on various factors. Environmental changes, nearby development, zoning changes, and economic downturns can all cause land to lose value over time. Value is a comparative figure, so as other related factors change, so can land&rsquo;s value. </p></div>

Q: What is the difference between a property valuation and an appraisal?

• <div><p>A property valuation, sometimes called a comparative market analysis or CMA, provides a real estate expert&rsquo;s opinion on <a href="https://www.angi.com/articles/home-appraisal-vs-market-value.htm">how much your property will sell for</a>. It takes many things into consideration, like the condition and location of the home, but ultimately, all that matters for a property valuation is what a buyer might be willing to pay for the property. An appraisal is more concerned with determining the value. A valuation is to estimate what you&rsquo;ll get for a property, while an appraisal helps a lender establish loan-to-value ratios and loan amounts.</p></div>

Q: Can a buyer back out if the appraisal is lower than the offer?

• <div><p>If the appraised value comes in lower than an offer, a buyer will normally be able to back out because a low appraisal can prevent a mortgage from going to underwriting. The buyer can also try to negotiate for a lower sale price or offer to put down more cash to bridge the appraisal gap.</p></div>

Q: Do you have to pay property taxes on a shed with plumbing?

• <div><p>A shed that connects to water or electrical services is likely to be assessed for property taxes; however, tax assessments vary around the country. Since every state and local municipality differ regarding property taxes, you should contact your city to determine whether or not you&rsquo;re required to pay property taxes. Some states consider sheds or detached garages taxable if they have water, sewer, and electricity installed. </p></div>

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Verified Reviews for Real Estate Service pros in Yates Center, KS

*The Angi rating for Real Estate Service companies in Yates Center, KS is a rating based on verified reviews from our community of homeowners who have used these pros to meet their Real Estate Service needs.

*The HomeAdvisor rating for Real Estate Service companies in Yates Center, KS is a rating based on verified reviews from our community of homeowners who have used these pros to meet their Real Estate Service needs.

Last update on November 03, 2025

Reviewed in June 2024
The quote was about the same as another company, but the other company would charge extra for each piece of plywood that needed to be replaced and other things. It was nice to know what we would pay. The price quoted is what we paid. There were windows in one room that needed to be replaced....
Elite Windows & Siding, LLC
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Reviewed in December 2023
They were always on time and error free. Good workers always real safe.
Anderson Masonry
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Reviewed in October 2020
We had a very negative experience with Matt Fratzel, and his one and only plumber, Kurt, that he sent to do some of the work. Matt told us his employee was "slow, but good". One problem we had was that not only was he slow, he also did not repair things correctly the first time. We had multiple...
Fratzel Plumbing
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Reviewed in June 2020
Highly recommend to get Josh to determine the actual source of water to truly resolve the matter for real - great savings overall - thank you!!!! Will hire again
Osborn Concrete And Trees
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Reviewed in February 2018
Chris was AWESOME. Did a thourogh inspection inside and out. We'll use him again and encourage my agents to do the same.
Diamond Heritage Inspections, LLC
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Reviewed in July 2016
The sale was fantastic! Brown Button does an incredible job marketing their sales. Sale items are staged beautifully in the home and pictures posted on the website draw you in. Now I am hooked on their site! Our share of the sale was more than we expected. Do not hesitate to contact Brown Button...
Brown Button Estate Sale Services
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Reviewed in August 2014
I contacted James @ Faith Roofing in mid May to replace the roof of our house in Wamego, KS. We'd filed a claim with insurance for weather related damage and it had come back with only a small portion of the roof being covered for repairs. We wanted a second opinion from a qualified roofer so...
Heartland Home Exteriors
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Reviewed in June 2014
I am inpressed with State Farm and thier rates are better than where I was insured before. Not to mention I really like that when I had a claim, I spoke with my agent, not some guy in another state or counrty about my car.
REA D LAFLIN INSURANCE
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Reviewed in March 2011
When we hired Dustin to paint the exterior of the house I was impressed with his knowledge and honesty. We also added ceiling repairs from water damage and repairs to our skylight area. He painted the kitchen and repaired an area in the drywall of a bedroom and it. We needed a shutoff valve...
Lomonte Homes Painting & Remodeling
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Reviewed in October 2009
This was very short notice and I was very pleased that Patrick was able to come almost at once. We had a real mess, as the septic had backed up into the basement shower stall and all over the bathroom floor and carpet on the other side of the bathroom door. He arrived within an hour and...
At Your Service Drain Cleaning Inc
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SkyFox Media

SkyFox Media

Larry Johnston Auction

Larry Johnston Auction

Sheets Adam Realtors

Sheets Adam Realtors

CreditGuard of America

CreditGuard of America

Coldwell Banker Executive Realty

Coldwell Banker Executive Realty

Kansas Property Place

Kansas Property Place

The McCormack Group

The McCormack Group

MARKETING & CONSULTANT SERVICES INC.

MARKETING & CONSULTANT SERVICES INC.

Home Inspections Of Kansas LLC

Home Inspections Of Kansas LLC

Property Keepers Inc

Property Keepers Inc

The Yates Center, KS homeowners’ guide to real estate services

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