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buying land for new house, which would you pick?

Andy Seibel

By Andy Seibel
in Garage, Shop & Tools

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Graphic Enthusiast

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Posted
Posted

I would go with the more rural location. Like others have said, that seems pretty steep on the price but as with all real estate: location, location, location.

 

Might talk to the people who would be your neighbors. See if you like them.

Debra in Cali Enthusiast

Debra in Cali

Posted
Posted

Hey guys, my wife and I are currently looking at land to build a house on but can't decide which way to go. maybe some of you have made a similar choice and I'm wondering if you have any advice. thanks in advance.

 

Both are roughly 9 acres just outside of Green Bay, WI.

 

Option 1: Quiet rural life - farther from town, very quiet road. no neighbors' houses within 1000'.

Very flat lot with no trees and no interesting terrain. I probly cannot make a garage "basement" with a drive in door. Asking price $125,000, I think I could get it for $115,000.

 

Option 2: More convenient, more expensive - right on the edge of town, surrounded by houses already. Shorter commute for my wife. Lot is somewhat on the "ledge" so it is sloping downhill - maybe 20' difference from high end to low end. From the high side we would have a very nice view out over the Fox Valley. It is currently a corn field so no trees at all. I could build a garage with a basement shop easily because of the slope. Asking $229,500, but I already got a verbal counter price of $190,000 from the seller. Basically maxing out the budget here.

 

So would you pick the cheaper quieter place? Or the more expensive place with a view? Have you ever regretted spending too much on a lot? or wish you spent more on your dream lot with a view? Thanks for reading, and have a nice day!

So another factor besides the commute is the infrastructure. Does the more expensive, but closer to town place have city water and sewer? Betting that the rural place, you will be on your own for drilling and maintaining a well, and a septic system. You don't say how old you are, are you younger where you will be running the eventual children to school, friends, activities, etc. That can get old pretty quick. Long term, if you build and stay on the rural property, the city will grow out to you. The other place looks like that is already on the brink, so it will happen even faster. If you are the buy and keep type vs buy and move type in a few years may also be a factor. My hubby and I have been in our place for 33 years, and we still own the previous place. We are long long term owners.

Likarok Senior Enthusiast

Likarok

Posted
Posted

Hey Coke, the reason I brought the water and sewer up is because I have actually had people call our County office wondering why we turned the water off or that the sewer is plugged. hahaha There are a lot of Naïve rural property owners. Have fun with your new property what ever you chose!

Blue2500CC Enthusiast

Blue2500CC

Posted
Posted

There isn't the chance one of them has a natural gas or petroleum transmission pipeline on the property, is there? Either one have some form of an association for the neighborhood by chance?

 

Besides that, tough call!!! A walkout basement would be pretty sweet, but having the neighbor's a little further away is always nice as well.

 

Good luck deciding!

bassJAM Enthusiast

bassJAM

Posted
Posted

If you like both places it doesn’t really matter. If you are settling for either place it’s best to wait until something you both really like shows up! When I was looking at buying my first place back in 2011-12, I made several offers on places I “kind-of” liked. I kept getting either outbid or couldn’t come to an agreement on the price, and I was getting frustrated. But after about 10 months of looking the perfect house hit the market. As soon as I looked at it I knew it was the place I wanted to live in. Looking back, I’m really glad I didn’t settle for any of the first houses I had looked at. I’m sure I would have been wanting to sell them and move out within 5-10 years, but I live in a house now that I think I could retire in and still be happy.

  • 1 month later...
200mph New Member

200mph

Posted
Posted

IMHO, the sloping lot with the better view. On a flat lot, a basement is a basement and nothing more, no matter how you dress it up.

 

The basement level will be MUCH more useful to you if it is a walk-out, drive out basement, with sizable windows in the "living" area portion.

 

Our home has a regular garage on the main level, and also a garage-like "flex space" on the basement level that is heated/cooled, and can be configured as a garage, workshop, or playroom. This gives you many more options, and thus expands the pool of potential buyers for your house later on.

 

Our last house also had a basement garage, and it was a windowless basement with finished rooms that we rarely used. Natural light matters.

 

All the other benefits that you listed (short commute etc) will return more $$ at resale time.

  • 4 weeks later...
Andy Seibel Enthusiast

Andy Seibel

Posted
  • Author
Posted
Follow up: (if anyone is interested)

Last night we accepted a counter offer to buy the more expensive lot closer to town with a view.


Our initial verbal offers indicated we were a ways apart on price. After writing a letter to the seller explaining our reasons for valuing the lot the way we did and giving him our best price, we then walked away for 2 weeks. He came back with a better number and we accepted.


Thanks for all the views and opinions, its interesting to hear how you all think- most of you have similar views to me on your property. Merry Christmas to anyone still reading this.

Dnt Senior Enthusiast

Dnt

Posted
Posted

Rare to get a followup thanks for posting that. You guys have started out this house building adventure with such indecision that I am afraid that the chances are pretty good that neither one of you will ever live there because you will be divorced well before this house is completed . My advice is to get out of this deal and go buy a completed house on some land like you want and save all the hassle. Now report back here in a couple of years and let us know how you did......

Andy Seibel Enthusiast

Andy Seibel

Posted
  • Author
Posted

lol, while I appreciate the sentiment, my wife and I weren't really fighting about which property to go after. We both liked both of them. The only thing we had difficulty with was deciding how much to offer. Both were listed higher than we wanted to pay, but that's just real estate. once the seller came down to earth with a realistic price, we were both thrilled to get this property.

 

We have been looking at new houses for a couple years already noting the features we want and don't want. so we are well on our way. now we just have to pay for it......

  • 2 weeks later...
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