Newsflash: Combining two properties – how to estimate value increase?

We’re considering purchasing a property adjacent to us.We have a 1 acre lot with a SF home. The adjacent property is a 1 acre lot with a mobile home/trailer.If we were to dump the trailer, take the fence down, and combine the two properties into 2 acres, how would I go about estimating the value increase of our home?I reached out to a real estate agency and they offered to help, by basically isolating the value of our home only (based on sqft, number of bedrooms/bathrooms, etc) and then looking for similar properties but on 2 acres vs 1 acre. Is that about it? Can I replicate a similar search?Since this is a rural-ish area, there are few comparable homes that sold recently; few homes sold in general, but most are either trailers or huge horse ranches.The questions we are really trying to answer:is it worth to purchase the property to increase the value of our current property for future sale, andis it worth to purchase the property in general, since we can’t get a traditional mortgage on it.

Read more at https://www.reddit.com/r/RealEstate/comments/bpt1ue/combining_two_properties_how_to_estimate_value/?utm_source=ifttt

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