Check on what the property taxes are too
if you buy land sometimes there's different rates
for if it is to be kept unimproved/undeveloped
income/earning rates are lower too
from what I saw property taxes it's about average
of $933 per year
on every $137,000 purchase
(0.68%
before any city county or Melo Roose/type bonds,
they don't have it/them by that name that's a Calif. deal, they do
have similar bond measures, for water, sewer, schools, roads/tolls etc.)
(I was looking at undeveloped land, a recreational business)
But at that rate (slightly better than here) on a $500,000 purchase
that's going to be near $4k a year
before any Melo Roose or any bonds or HOA's crap
or
any type of reassessments, be careful of them
of the original purchase price, %'s go up
before any added water bonds, wtf ever, city or county bonds/measures
many rural areas all 'have them'
That was in the Bristol area I was looking in
That also was 20 years ago almost now
I was going to buy a bunch of property 159 acres
a 4,000 sqft Clubhouse/pro-shop
& a huge beautiful 3500sqft house/4 car garage on site &
& a golf course/business, it had reduced rates
sort of across from Thunder Valley, Bristol Tenn.
There was all kinds of extra expenses/stuff up & above
the property taxes themselves...
if you're used to
being a city dweller
all the conveniences of being close to shopping, hospitals etc.
you need to account for all contingencies
Personally;
I didn't like the rain & humidity
at all
it rains 3-4 times as much as here,
not just a lil' more
41+ inches a year, average
& as you noticed it's humid, it weighs on you
& where I'm at rains more than where you're at
in Granite bay/Folsom,
We have very lil' humidity to speak of
hence the fire danger
I had local people there/Bristol area tell me
'
it didn't rain that much', in the Bristol area
I just laughed...
I had been going there 20 or so times for 35 years,
I know what it was like...
I was stuck in a Tornado Warning there at the track one time too...
A different story, for a different day...
As you noticed the green comes with a price too
it's a lot different back east or
east of the Mississippi anywhere
north or south
if you can get a shitload of equity/cash out of your place
you can buy more there, the property value
is lower
depending on where you look
Also the costs of going back & forth from a rural area,
to a township etc.
for shopping, for hospitals, for gasoline, for car parts,
building materials, for schools (you don't have kids so that doesn't matter)
A lot of that **** can be stuff
people don't plan on
all the extra expenses of living in rural areas
propane for heat
(could have radiated/water heat, that is crap)
or fuel oil
neither is cheap
or several cords of wood a year,
cheap maybe but labor-intensive
are also all added extra expenses,
you really need to check '
all aspects out'
the building is a lot different back east too, different std.'s & codes
(way different than here)
The weather is completely different, all 4 seasons...
Not just late spring & early summer, do your due diligence...
I know you will...
good luck in your search Greg
@Kern Dog
I'm done rambling