So my grandfather owned two small plots of land in Florida, I consider it was in a small gated group (very like you’d see within the mountains on the east coast) and he offered it at price to my father after I was younger. The fee foundation for my dad is someplace round 8k or so, so it will be an extremely low cost buy, with minimal property taxes (I consider it is beneath $100 a yr).
My household lives within the Mid-Atlantic, however the considered proudly owning land and placing a small cabin on it in Florida for some holidays and fishing journeys sounds so good to me. I plan on proudly owning a looking cabin within the mountains sooner or later, however that appears additional down the highway as the price of the land would possible be larger with a typical arm’s size transaction. I am about to suggest to my GF so I have been ahead pondering so much about household constructing, holidays and the like, and this looks like an ideal alternative (assuming the whole lot with the land and transaction would go effectively) to get an affordable trip spot for the household sooner or later (each my quick household and my future youngsters/spouse). The property is within the panhandle of the state and is not removed from the seaside (about an hour or so), and I haven’t got all the knowledge however my mother proposed the thought of my dad and I testing the land (Dad hasn’t seen it in years) to evaluate it, and instructed I might purchase it from them for the longer term.
So whereas I nonetheless have quite a lot of info to assemble, and we nonetheless have to search out time to go to the plot and truly assess the property, what are some issues to bear in mind as I mull over the acquisition? I consider it is an empty plot, so I might think about I might have to think about prices of constructing/shopping for pre-fab cabins in thoughts, I might even have to think about the price of including utilities to the cabin as effectively (for plumbing and electrical) and whereas the property taxes are low now I am assuming that if I construct construction on the land with utilities, it will enhance the taxes? I’ve by no means bought a house or land earlier than, so that is all very unclear to me, and any recommendation or assist would go a great distance. Additionally as a observe, as a result of that is Reddit and there are lots of people who’ve dangerous familial relationships, this is not in any means a plot to pawn off nugatory land on me and switch a fast buck, my dad has quite a lot of reminiscences of happening to this land along with his father for fishing journeys and household holidays, and I feel he would simply need to cross it down within the household at price to somebody extra keen and able to doing one thing with it.
EDIT: I can verify that the heaps would not have constructions constructed on them but.
