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Land Purchase Questions
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<blockquote data-quote="Ski" data-source="post: 5778444" data-attributes="member: 20583"><p>Without really understanding all the details of your unique situation it's impossible to offer advice. But I will say owning land is very, very rewarding and most generally worth the money spent. Worst case scenario is you realize it's not for you, so sell it and almost certainly make a return. I bought mine for $1100/acre and my dad thought I was crazy for spending that kind of money. Not only has it since exponentially gained value but it now also has a cabin, small barn, and a shed. I could sell it today for many multiples of what I paid, but it's not even a consideration because I love that place. We were there over Thanksgiving and I drove my 17yr old son around on the SxS to check trail cams before heading back home. Standing up on the high point knob looking forever in every direction, seeing the wonderment in him was worth every penny. I have zero doubts he'll have his children up there as well and they'll be just as awed. Hopefully I'm alive to be with them. </p><p></p><p>I say buy what you can and expand as you can, or even sell out to buy bigger/better if opportunity arises. Land value doesn't drop. It sits stagnant for stretches but doesn't drop. If you wait for it to get cheaper you'll never buy because it won't happen. Never has. However, good deals do pop up here & there so you never know.</p></blockquote><p></p>
[QUOTE="Ski, post: 5778444, member: 20583"] Without really understanding all the details of your unique situation it's impossible to offer advice. But I will say owning land is very, very rewarding and most generally worth the money spent. Worst case scenario is you realize it's not for you, so sell it and almost certainly make a return. I bought mine for $1100/acre and my dad thought I was crazy for spending that kind of money. Not only has it since exponentially gained value but it now also has a cabin, small barn, and a shed. I could sell it today for many multiples of what I paid, but it's not even a consideration because I love that place. We were there over Thanksgiving and I drove my 17yr old son around on the SxS to check trail cams before heading back home. Standing up on the high point knob looking forever in every direction, seeing the wonderment in him was worth every penny. I have zero doubts he'll have his children up there as well and they'll be just as awed. Hopefully I'm alive to be with them. I say buy what you can and expand as you can, or even sell out to buy bigger/better if opportunity arises. Land value doesn't drop. It sits stagnant for stretches but doesn't drop. If you wait for it to get cheaper you'll never buy because it won't happen. Never has. However, good deals do pop up here & there so you never know. [/QUOTE]
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