Month: September 2020

Using HCAD for Property Value Bid

Hi Folks,

I’m trying to buy a lot inside the loop and build on it. I already have funding secured, and am looking to submit offers.

There are a few cleared lots (no structure) that I’m interested in that have been sitting on HAR for a few months and have already had pricing reductions, and I’ve noticed that they are listed at far more than the HAR value for the land.

I was under the impression that HCAD was pretty on-point for land prices, but the structure valuation was much more subjective (so when you protest taxes, you’re really focusing on protesting the improvements/structure values).

So, with that said…am I off base for wanting to basically offer the HCAD appraised value as my offer on the lot, especially since it’s been on the market for months? (also since we’re in a pandemic where lot loans are hard to get and there’s a huge lumber price spike?)

submitted by /u/JazzyJosiah
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Houston real-estate for storage

I’m lost when it comes to commercial real-estate. Googling returns places that seem insanely expensive to me, so I must be doing it wrong.

I’m looking for ~1500 square feet of storage, preferably climate controllable even if I pay utilities myself. Am I down to buying a lot and installing a metal building myself or are there reasonable options and if so how do I find them? Again googling returns businesses that are often hundreds of thousands of dollars.

submitted by /u/technofiend
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