Let's talk about Country Living

Looks like this thread has pretty well been commented to death!! But all good, as far as I can see.



I have another thought.....future value of the land you may purchase.

If "close" to a town or city limits, the future growth of the town may just make your property eventually become more valuable for future subdividing. On the other hand, this may make close in property more costly to purchase now. And taxes could get to be an issue if the municipality takes over your land by moving it into their jurisdiction...read, "more taxes".

This can be a hard thing to get a grip on, as your property can have an addicting effect: It's mine, and I don't wanna ever sell it! I tend to be that way and want to put down roots where I live. City people don't seem to have this, as it seems people change houses like changing their pants.

After spending years on building up my property to the way I want it, I won't be anxious to sell it in my retirement years, at least while I am still able bodied. But that's just me. YMMV!

Keep us posted!

Jon.

Originally Posted by sawmilleng

Looks like this thread has pretty well been commented to death!! But all good, as far as I can see.

I have another thought.....future value of the land you may purchase.

If "close" to a town or city limits, the future growth of the town may just make your property eventually become more valuable for future subdividing. On the other hand, this may make close in property more costly to purchase now. And taxes could get to be an issue if the municipality takes over your land by moving it into their jurisdiction...read, "more taxes".

This can be a hard thing to get a grip on, as your property can have an addicting effect: It's mine, and I don't wanna ever sell it! I tend to be that way and want to put down roots where I live. City people don't seem to have this, as it seems people change houses like changing their pants.

After spending years on building up my property to the way I want it, I won't be anxious to sell it in my retirement years, at least while I am still able bodied. But that's just me. YMMV!

Keep us posted!

Jon.

Ohh man ... I so know what you mean about putting down roots and getting the place just the way you want it. It makes me heartsick, but lately i've been thinking about selling out and maybe even relocating down SirScrap's way.

I've been running a small carpentry business for the last fourteen years. When the recession hit over the winter of 2007-2008 net profits dropped by almost 50%. I figured that if i held the line long enough that things would eventually get back to normal. It's been seven years and if anything it seems to be a little slower here than in years past.

We're a lot like SirS in that our community is seasonal. It's not really touristy like most of coastal Maine. This is a real Maine fishing village with real people that work hard to make a living. We've got about 1000 year round residents. In the summer our population swells to around five or six thousand. Most of my business is in providing service to the wealthy summer folk but even they aren't spending as freely as they used to.

That's one of the "cons" of living & working in a rural community. The economy isn't as vibrant as it is in other parts of the country. It's usually the first one in and the last one out of an economic recession.

Development isn't always a bad thing. We haven't had anything right nearby but there's been a certain amount of new building in my area over the last twenty five years. It always was one of the better parts of town. If anything ... i've got more wealthy neighbors than before.

You know what they say about real estate ....location,location,location. If you ever do go to sell later on it means higher resale values.

Chris