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Another Potential Property - Take 2
So I found another property that could work, verses the fixer upper that was mentioned in my last thread.
I was speaking with someone about it the other day and the general thought about this property is to invest into it now by adding some improvements over the next several years living there, and then selling it later on for a higher price than what is being asked of it now.
A few things about this property, it's cheaper than the fixer upper place. It's on 5 acres, most of which (if not all) is cleared. It's about 6 minutes from town.
Here's a quote from the site of what all comes with property, along with a few pics.
"Affordable country living on 5.8 acres, with incredible sunrise and sunset views and a 20'x24' heated shop! Some of the other great features of this property include a large sundeck (16'x36'), a wood stove to keep the home cozy warm, a new well (2014), open fields for grazing animals, a large pole shed for extra storage, and a creek (Murray Creek) running through the corner of the property! Inside you will love the spacious mudroom, with a spot to put a pellet stove if you'd like. New hot water tank in 2016, newer dishwasher and fridge (2014), and an eat-in kitchen with an open concept to the sunken living room. Nice, rural setting, with trails to the creek on the property, and a pond nearby. All this, and located only minutes from downtown!"
Asking price on this place is $239,900. Mortage rate, for 10 years, is $995 currently, which is doable, especially if I have a renter.
There are 3 bedrooms, 1 bathroom.
One thing to keep in mind (as a lot of you commented about this in the last thread) where I live, it's near impossible to find property that doesn't not have a stream, creek, or river flowing through it unless you move an hour or more away from town. And this place has no flooding issues. So water is kind of unavoidable around here.
Also, while there is no fencing, it would be easy enough to set up electric fencing for the horses and as time goes on, invest in some nice fencing. Also potentially convert that out building to have two or so stalls on one end, and use the other side as hay storage, or something like that. And once things are closer to me being to have a proper rescue up and running, then I can look for a bigger place that'll give me the space needed. But for now, this would be a decent place to call my own, have my horses there, and learn more about property ownership and such. Also wouldn't have to invest in fixing up anything, or clearing the land, or such like I would have with the last property. And it's move in ready, also unlike the last property.
And now, pictures.
There were more pictures, but I didn't want to overload the thread with too many.
Anyways, what do you guys think of this plan instead? I'll be going to look at the property on Tuesday and get to find out more stuff in person then.
So I found another property that could work, verses the fixer upper that was mentioned in my last thread.
I was speaking with someone about it the other day and the general thought about this property is to invest into it now by adding some improvements over the next several years living there, and then selling it later on for a higher price than what is being asked of it now.
A few things about this property, it's cheaper than the fixer upper place. It's on 5 acres, most of which (if not all) is cleared. It's about 6 minutes from town.
Here's a quote from the site of what all comes with property, along with a few pics.
"Affordable country living on 5.8 acres, with incredible sunrise and sunset views and a 20'x24' heated shop! Some of the other great features of this property include a large sundeck (16'x36'), a wood stove to keep the home cozy warm, a new well (2014), open fields for grazing animals, a large pole shed for extra storage, and a creek (Murray Creek) running through the corner of the property! Inside you will love the spacious mudroom, with a spot to put a pellet stove if you'd like. New hot water tank in 2016, newer dishwasher and fridge (2014), and an eat-in kitchen with an open concept to the sunken living room. Nice, rural setting, with trails to the creek on the property, and a pond nearby. All this, and located only minutes from downtown!"
Asking price on this place is $239,900. Mortage rate, for 10 years, is $995 currently, which is doable, especially if I have a renter.
There are 3 bedrooms, 1 bathroom.
One thing to keep in mind (as a lot of you commented about this in the last thread) where I live, it's near impossible to find property that doesn't not have a stream, creek, or river flowing through it unless you move an hour or more away from town. And this place has no flooding issues. So water is kind of unavoidable around here.
Also, while there is no fencing, it would be easy enough to set up electric fencing for the horses and as time goes on, invest in some nice fencing. Also potentially convert that out building to have two or so stalls on one end, and use the other side as hay storage, or something like that. And once things are closer to me being to have a proper rescue up and running, then I can look for a bigger place that'll give me the space needed. But for now, this would be a decent place to call my own, have my horses there, and learn more about property ownership and such. Also wouldn't have to invest in fixing up anything, or clearing the land, or such like I would have with the last property. And it's move in ready, also unlike the last property.
And now, pictures.











There were more pictures, but I didn't want to overload the thread with too many.
Anyways, what do you guys think of this plan instead? I'll be going to look at the property on Tuesday and get to find out more stuff in person then.