Identifying your goals and dreams are important, because it is my job to take those with honest financial goals to find the correct property for you.
Vacant Land - vacant land can come with a lot of benefits, it is truly an open canvas. Depending on the additional needs and wants you have just buying vacant land can be the way to go. The downside would be the additional investment needed to make a vacant piece livable and current building prices. Vacant land also doesn't depreciate which limits you with some of the popular tax savings owning real estate allows.
Land with a residential home - finding your piece of heaven with a residential home can be a great solution at times. Having electric, well and septic already installed can be a huge cost saving. You will also be more flexible with lending as home loans are more favorable than vacant land. However, you can buy the old owners problems with infrastructure and the home. Things to consider if you would like the home included are:
Existing Farm? - We have many interested in starting hobby farms. Finding an existing homestead with some built in infrastructure can be extremely valuable.
Water Frontage? - Everyone wants to be on the water! I don't blame you, but it does come with a higher price tag generally. We have creeks, streams, rivers and lakes in our area for the water lovers!
Hunting Quality - For the hunters this is very important. You want a property that has the characteristics needed for success. We specialized in hunting consulting and land management for current and future land owners.
Turn key or will you do the work? - many of these things are options that will lead to you either doing the work increase the property value or the characteristics that you can pay for if the property already has them in place. A ready to go flourishing hunting property that has been managed for 10 years is naturally more valuable than a property that has not been managed. It is years of work and effort that does translate to the end sale value. The same goes for a redone home, new home or purposeful farm infrastructure. You have decide where you are as a buyer. Do you want to invest your earned money now for a more "turn key" option or do you want to save some money and put in the sweat equity over the years to transform your property to where you want it. That is why identifying your goals and dreams are important, because it is my job to take those with honest financial goals to find the correct property for you.