It seems intuitive that paved roads are certainly an advantage when it comes to your real estate – regardless of whether it’s on a home or land. It makes travel much smoother, quieter, and overall a better experience.
The majority of state maintained roads are all paved, with only a few exceptions in the further regions and communities of Cherokee County. Many of the residential areas of Murphy, North Carolina lack paved roads. A few major subdivisions (most of which are relatively new) offer their residents pavement, such as Wolf Mountain Estates and Five Forks development in Murphy NC.
Interestingly enough, paving seems to not be a major driving force in lot sales. Regular raw land had a mere difference of $2,000 to have paving versus not. If you’re looking to boost the value of your vacant lot, paving does not seem to be the way to go. In fact, it seems that it would cost you more to have it done than it would return. Investment standpoint – don’t pave vacant land.
When it comes to homes, there’s more of a difference. In the past six months, homes with pavement (whether it be concrete or asphalt) sold for an average of $10,792 more.
Depending on how much paving you’ll need, it would likely be a worthy investment in your property. Based on the research I’ve done, the main reason you should do it, however, is because you want to enjoy it for yourself – not because you’re looking to make a return on your money.
John and Jessica Poltrock – The POLTROCK TEAM at RE/MAX of Murphy, North Carolina – www.MyMurphy.com – JohnPoltrock@gmail.com – Call Toll-Free (877) 837-3002 and demand The POLTROCK TEAM for your real estate needs in the Mountains of Murphy, NC!