I’ve recently come into a situation where my neighbor is willing to sell me a .17acre lot that runs behind my house. It spams about 3 properties on the south border, one on the north and one on the west. I talked to the town and they would let me absorb this land into my current property. I want to build a two car garage that...
What upkeep would be required on the interior? Not having a garage in the northeast sucks pretty hard, this would be my only option for a garage. I don’t have to get everything done asap either, looking to do things in chunks to not get totally overwhelmed mentally and financially
Yeah for sure. 3/4 neighbors are elderly and don’t want more land. One neighbor just died so there is a chance that house could sell and they could find out about the land. It’s not listed for sale so I think I’m in a good spot. Even if the garage doesn’t work out, the extra land will be great
Yeah that’s the plan for now. I’ll need to take down a few giant pines back there and grade. All that can be done this year probably. I wish heloc rates were still low, locked in at 3% for the home.
It’s not a large lot, .17 acres. Any suggestions on how to make money with it? My wife and I both have steady incomes but I get what you are saying. We probably have 60% of the total project cost wrapped up in some investments that we could liquidate if we had to. Those investments probably net more than the heloc rate right now
I’m thinking it’s: -$16k to aquire -closing/legal costs -$3k for land surveys -town permits -concrete pad -driveway -tree work - $8k -grading/removal of debris -garage build -electrical
I haven’t received any quotes for some of these tasks but I thinking total coast after purchase will be $60-$75k but I don’t have much to base those numbers on.
Land acquisition question - Two Car Garage
I’ve recently come into a situation where my neighbor is willing to sell me a .17acre lot that runs behind my house. It spams about 3 properties on the south border, one on the north and one on the west. I talked to the town and they would let me absorb this land into my current property. I want to build a two car garage that...