Posted by Dick2 on January 07, 2015 at 10:59:38 from (75.172.225.172):
In Reply to: Buying Land posted by picassomcp on January 07, 2015 at 08:53:15:
Check the topography maps to see if the swamps can be drained. How much would that cost?
Are you in a wildlife area that would prohibit draining the swamps?
Figure out if you could buy the tillable land at one price and the swamp for less - or an averaged price for the total acreage.
Don't forget to add taxes and property improvements into the land expense and loss of intetest if you invested that money somewhere else. Buying just to own some land may not be enough justification to do so.
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