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<p>[QUOTE=&quot;ksmooter61, post: 26602825, member: 169607&quot;]Depending on the location the purchase price of the property isn&#039;t heavily affected by the cost of the house. Here on the front range in Colorado, the base lot (50&#039; x 100&#039;) cost will be more than half of the purchase price. That is just for a normal location, no mountain views or anything special, just a typical home. The rebuild cost would never be close to the purchase price. We pay property taxes annually, and every two years the counties re-evaluate taxes based on prices from the past year. These are the used to help calculate the coverage amounts, but you still have to be diligent.</p><p><br /></p><p>Before buying our current home, and we had to move <i>away</i> from the mountains to afford it, I looked at building one myself. With me doing all of the framing and general labor and only subbing out the concrete, electrical, plumbing, flooring and Hvac, the lot (right at 200k) was just about the same as the build. But there were still water and sewer taps along with the city fees, about another 50k.[/QUOTE]</p><p><br /></p>

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