2006-09-20 09:47:38 · 5 answers · asked by LiL MaMa 2 in Home & Garden ➔ Other - Home & Garden
I'm having the same problem as you are and I think I'm going to buy some land. Let it appreciate for a few years, then take out a construction loan on it, paying interest only and then build a house to my liking. I can't seem to find one I like so why not build one to my satisfaction.
2006-09-20 09:59:02 · answer #1 · answered by Blue Eyes 4 · 1⤊ 0⤋
land...land is known to appreciate over time & the property will be worth even more when you add structures to that land,such as a house...buying an existing house can be okay but tends to fluctuate in the real estate market whereas land only appreciates......good luck with either!
2006-09-20 16:54:02 · answer #2 · answered by legendary~cool 7 · 0⤊ 0⤋
It is all relative depending on the area, future growth potential, and current value of the home or land.
2006-09-20 16:52:36 · answer #3 · answered by Phil M 1 · 0⤊ 0⤋
buy a home too many bad things happen when you build
2006-09-20 16:50:58 · answer #4 · answered by lspalletta 2 · 0⤊ 0⤋
SHORT ANSWER "HOUSE".
You can work it right and actually make some income while you own it.
You also can move every 5 years and keep all the value tax free.
2006-09-20 16:51:08 · answer #5 · answered by zocko 5 · 0⤊ 0⤋