fried1765
Super Star Member
- Joined
- Jan 6, 2015
- Messages
- 10,089
- Tractor
- Kubota L48 TLB, Ford 1920 FEL, 8N Ford, Gravely 12 HP "Professional", 48" SCAG Liberty
Well, back in 1989 we bought 20 acres for $30K. Two years later, we had an offer for $60K. Today, $120-130K. As the realtor told us back then, "God isn't making any more land." He had a point. Land only goes up in price. Even if you never build on it, it's an investment for you or your children. Consider it part of a diverse portfolio. If you can afford it, buy it. Eventually, as with most places, civilization will creep towards it. In 20 years, it'll be closer to amenities.
I agree that you should get a consulting forester to do a timber survey of your property, and develop a management plan. We did that with our 20 acres. It had 10 acres of existing trees, a 4 acre field, and a 6 acre field. The state forester developed a management plan for us free of charge. DO NOT TRUST LOGGERS!!! That's been an overwhelming theme on TBN for the 19 years I've been here, so there's probably something to it. Only trust a forester. Better yet, a State Forester. They work for you.
I believe Mark Twain suggested: "buy land, they aren't making it any more".
My mother bought (now 290 year old) house with 11.7 acres in 1932, for $875.
I still have it!
Current development value $2M+