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Re: OT - What to do with 17 acres....
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Posted by Dug on October 30, 2004 at 08:02:27 from (63.167.143.114):
In Reply to: OT - What to do with 17 acres.... posted by farmerboybill on October 30, 2004 at 06:22:56:
I've looked at buying and splitting land, but the key point to consider is the amount of money it takes to actually develop the land. Initial impact studies, zoning, meeting city requirements for roads (many will require upgraded road with curbs, very expensive) upgraded sewers, etc. On the other hand, simply buying it and waiting for the value to increase then selling to a developer is a more reasonable financial option if funds are limited. The drawback is your reward will be substantially diminished. In your case, it sounds like you just want to have a little land to toy with, if that's the case, go for it. Just be sure you have ample income to cover your costs without depending on an income from the land. Dug
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