The amount of money we spend on an item is the cost, price and value, right? In the world of real estate cost, price and value are three very different terms. Do you know the real estate difference between cost, price and value?
Cost in Real Estate
The cost of a home in the real estate world refers to the amount of money spent on building the home. This can also be referred to as the construction cost or the development cost. When dealing with a home builder the cost may also refer to the estimated amount of money needed to build