11-20-2010, 01:59 AM
Be very greatful that you discovered this before you built. This is one of the main reasons that vacant land in built-up neighborhoods often commands a higher price.
A land purchase is such a small percentage of a total investment for a new home, yet so many look for the cheapest land available. If you figure that a new home, not including land, will start at about $125,000. Then add a parcel cost of $10K or $60K and look at the total cost difference and the difference in the quality of the neighborhood. That $50K difference will buy a whole lot more overall.
A land purchase is such a small percentage of a total investment for a new home, yet so many look for the cheapest land available. If you figure that a new home, not including land, will start at about $125,000. Then add a parcel cost of $10K or $60K and look at the total cost difference and the difference in the quality of the neighborhood. That $50K difference will buy a whole lot more overall.