Quote:
Originally Posted by El Jefe
I would be willing to buy and build, I just can't seem to find reasonable land. 10-15k an acre for crappy land.
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my case for example:
I bought 30 acres of land. already had water and electricity. mostly all timber. had a metal shed on a slab w/power ran to it and a very shitty trailer house. all kinds of junk and brush grown up.
spent every weekend and day off for 4 months, over there clearing brush, loading up junk and hauling it off. hired a guy w/a trackhoe to destroy the trailer, burn what would burn, then bury it. while he was there, I had him dig a pond.
next step was to partition the shed in half and build a small apartment(1bedroom, bathroom, washroom, kitchen/living room). I believe at the time, I did this for about $8k. also, during this time we sold our old house/property, put a shitload of stuff in storage and lived 2 weeks with my sister in law(which was tolerable, since I was spending all my time at the new place).
moved into the apartment and lived there for 9 months while we had a new house built. this was great, because we were there every day to oversee the construction and keep involved.
this might not work for everyone, but it certainly worked out for us, and it actually saved us a bunch of money. most people considered it "crappy land" when we bought it, but after the work we put into it, the increase in value has been pretty amazing. people tell us all the time that they can't believe it's the same place.
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