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Advice for buying/developing property?
Hello. I'm 18 and entering the real world. In >3 weeks I ship off to Army basic combat training, then 6 months of advance training. When I get back I should have around $15,000 saved up. As I am in the National Guard, I will be a reservist. I have been thinking a lot about where I will live and have done a lot of research into buying my own plot of land and developing it as opposed to living in an apartment and paying rent (which doesn't appeal to me at all).
I have been looking at rural properties anywhere from 5-20 acres
I have been looking at trailers to live in while I develop my property
I have taken into account:
Water -- I want a well
Electricity -- I want solar panels with a backup generator
Property taxes
What else should I look for?
What are the pros and cons of developing your a rural plot of land as opposed to renting an already developed house.
Any other advice?
I live in Washington State, and have predominantly looked at heavily wooded land.
Thanks
1 Answer
- Ed AtunLv 78 years agoFavorite Answer
Check with the County Planning and Zoning. Some won't allow you to park a trailer on the property during construction; some will. Everything else can work. Hooking up to electric costs $1,500 if you are near the power lines; more if you aren't. Roads might not be paved so you can't get to work if the weather is bad. YOu won't have many nearby neighbors so it can be lonely. If you can't get water (well) on your property, you will have to pay $2,000 for a holding tank and truck in the water.