I have the oppurtunity to buy a 2 acre lot with a small cape in poor condition. I would like to put the cape down and build a new home on the lot. How much should I be willing to pay for this property?
2007-11-30 18:28:28 · 8 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
The area is a town called Amherst NH. We are currently in a home a fews towns over. Problem truly being that there is not land in our area. We all have quarter acre lots.
2007-11-30 19:41:32 · update #1
Depends on city, town, location, services available (gas, water, electric), value of neighborhood, etc.
That is based on going rates of the area. Either look at other places for sale to get an idea or talk to a realtor, they should know.
I am shopping for land to build on but in the hills. From my searches I see land in the city, plots. I've seen them go for $1k to $30k. All depends on those famous words... location, location, location.
2007-11-30 18:31:46 · answer #1 · answered by Anonymous · 1⤊ 0⤋
Look up your local county tax records
localy we were paying about $450-700 per acre untill a new tax assesor came in (from Califoria) and now the assesed value is closer to $8-18,000 per 1/8 acre lot.
2007-12-01 03:09:42 · answer #2 · answered by Robert F 7 · 0⤊ 0⤋
Well, 2 acres in Nebraska can cost a few thousand dollars. In Los Angeles it can cost millions.
Give at least a general location, and people will be able to give you a better idea.
2007-12-01 02:32:09 · answer #3 · answered by Anonymous · 1⤊ 0⤋
How long is a piece of string? It all depends upon the area you are choosing? Is it up and coming? Does it have potential? Will the area increase in value in the future?
The idea sounds good. Best of luck.
www.save-money-guide.com
2007-12-01 02:33:38 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Depends on where it is. In the boondocks of Tennessee, it might cost $100,000. In Palo Alto, California, it will cost in excess of $5 million.
2007-12-01 02:38:32 · answer #5 · answered by Anonymous · 0⤊ 0⤋
It is impossible to answer this without knowing where you are. A local real estate agent would better be able to answer that question for you.
2007-12-01 02:46:57 · answer #6 · answered by Lesley 5 · 0⤊ 0⤋
quite bu hit it on the head
2007-12-01 02:37:33 · answer #7 · answered by Anonymous · 0⤊ 0⤋
my guess would be between: $25,000-$55,000
2007-12-01 02:31:01 · answer #8 · answered by GG 7 · 0⤊ 0⤋