Adding on? Check math
- Share via
“Redos and Don’ts” (Dec. 4) quotes a real estate agent saying that if your building costs are $250 to $350 a square foot, it’s worth it to add on, “especially on the Westside, where space is selling for $750 a square foot.” What the agent fails to calculate is that the $750 per square foot includes both the dwelling and the land value.
One must separate the land value prior to making the calculation to determine whether it would be financially advantageous to enlarge the home.
PHIL KANTOROVICH
Brentwood
More to Read
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.