We looked at a 77 acre and a 59 acre plot of land yesterday. The larger of the two had some potential, but getting power there may be a pricey endeavor. We've got a few more we're keeping our eyes on.
We really don't want to move (financially). Staying put makes good money sense. We bought it for a steal and are on track to having the mortgage paid off 15 years early, and the estimated home value has nearly doubled after I put a lot of work into making upgrades/repairs/improvements over the last five years we've been here. If we decide to move onto some land and build a house, we're looking at doubling our current mortgage at least, probably a bit more. We've been trying to find houses with some acreage, but there aren't a lot of options in the area we're looking, and most that are available are either out of our price range or the house just won't fit our needs. We have four kids, so we need some room. Unfortunately most of the houses that sit on a lot of land are quite small.
We're struggling with how much our freedom from the HOA is worth to us right now...
We really don't want to move (financially). Staying put makes good money sense. We bought it for a steal and are on track to having the mortgage paid off 15 years early, and the estimated home value has nearly doubled after I put a lot of work into making upgrades/repairs/improvements over the last five years we've been here. If we decide to move onto some land and build a house, we're looking at doubling our current mortgage at least, probably a bit more. We've been trying to find houses with some acreage, but there aren't a lot of options in the area we're looking, and most that are available are either out of our price range or the house just won't fit our needs. We have four kids, so we need some room. Unfortunately most of the houses that sit on a lot of land are quite small.
We're struggling with how much our freedom from the HOA is worth to us right now...