I dont have all the figures but you'll probably find rehab/home improvement will be cheaper than total demo. You'll need to leave a percentage of the old and build around that. Im sure the contractor will fill you in. Good luck and have fun!
cheaper, yes. But sometimes its better in the long run to just start over.
Perhaps I missed it. Is this something to retire in, or just an investment?
also, is the property just really deep? Because it looks like the neighboring house is pretty close
Yes, it is more narrow than wide. Retirement. The house I will be decrepit and die in.
Me I thought you are only 48. Maybe I miss read it.
Me I thought you are only 48. Maybe I miss read it.
cheaper, yes. But sometimes its better in the long run to just start over.
Yeah. As we are talking and looking into this more, it looks to be more complicated and would easily get into 400k. The land is the blue ribbon winner here and the bank is not going to give it away.
Amen brother, my brother in law and his soon to be wife just moved out to Colorado, just about an hour outside of Denver and they got 10 acres and a NICE house and the property has 3 Pole Barns, one with a fully setup machine/wood shop under $400K. Makes me wish my kids were a bit older so we wouldn't have to worry too much about the school systems and such, thats why we are stuck here in MoCo.I'm happy with the little we paid for our current house considering where it is. But when I start thinking about 300-500k houses in the future, I start to think about how much more house/land that gets you in other parts of the country.
That is awesome! Beautiful!Amen brother, my brother in law and his soon to be wife just moved out to Colorado, just about an hour outside of Denver and they got 10 acres and a NICE house and the property has 3 Pole Barns, one with a fully setup machine/wood shop under $400K. Makes me wish my kids were a bit older so we wouldn't have to worry too much about the school systems and such, thats why we are stuck here in MoCo.
Heres what 400K will get you in Colorado.
Yes, it is more narrow than wide. Retirement. The house I will be decrepit and die in.
Check into any new building codes. I know if Harford Co, in the past 5 years, just in permits, required building code and state wide regulations, new construction costs up to $50K more and that has no bearing on the type of house you are getting. Rehabbing may be your best approach if possible.
Yeah, no way you are going to be building something decent for $130k.
Now, 2.5 acres for $234k in Annapolis is pretty good if it is in a decent part of Annapolis. My sister paid close to $400k for a postage stamp lot across the road from the Naval Academy Stadium. Thing is, she is walking distance from the State House, harbor, etc. Then, she spent north of $300k for a pre-fab house that is around 4,000 sf.
You might be able to get something built for $130k, but it would not be playa playa worthy.
4,000 sq ft on a postage stamp??? That's not exactly a baby sized house.
Yes, it is more narrow than wide. Retirement. The house I will be decrepit and die in.
4,000 sq ft on a postage stamp??? That's not exactly a baby sized house.