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Is the land worth it?
I have a client looking for a home with a decent amount of property to go along with it. An acre or more would suit her just fine. There are several problems with her search, though.
She is looking in a fairly developed area where larger lots are rare, and expensive. They also come with older and not so great condition homes on the property. I tell my clients who are looking for more property that they typically will get less house as they get more lot size, unless they are willing to go up on their budget.
I understand the need for some to have more land around them for privacy, but it comes with a cost. Taxes on a larger property are higher, and not everyone wants to do what it takes to maintain it.
It is my hope that this client decides that the land is not quite as important and looks for a bit better home to live in. However, my client is also my daughter, so her agent, me, may never be happy with her choice!
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