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The problem being that if one homeowner wants it more than the other. Then it becomes that homeowner's problem and if they want it bad enough they will pick up more of the cost. Regardless you'll still need both neighbors to be on board regardless of who pays for it.
Last fall we had a job that changed on us and the neighbor came out and wanted to add to what we were doing on our customer's property. The work on the property line wound up benefitting both people and we dealt with each person separately except for one change order that we agreed was a bit convuloted to determine who to invoice whom for what, so I gave our customer the invoice and she worked it out with the neighbor since the property line work affected both of them.
Bottom line is that good neighbors can yield nicer results. Hopefully they're on good terms and are in agreement with what they both want from the project.
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