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Loading ...Have some property in Mohave Ar. am retiring in one year is this a good relocation for me?
There is currently no buildings on this property. Financialy
is it a sound investment?
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It depends on alot of different things. Do you already own the land? How much house are you looking to put on it? How is the land zoned? What is the area like? What is your income going to be after you retire? Is it an area taht you could be happy living in? Your best bet if you are serious about it would be to sit down and figure out what your expenses are going to be after retirement, and how much income you are going to have after retirement. Then find a realtor in the area you are looking and find out what the home values are for what you are looking at building. Then if everything looks doable, i would draw up a set of plans for the house you would put on the lot. Take those to a few reputable builders in the area and get a bid on what it would cost. Then look at your financing options. If you are comfortable with the payments, and the house is going to have equity after the build phase, then chances are good it would be a good financial move. You are already ahead if you own the land outright. With out seeing your financial situation it is hard for me to give you advice, but at least you now know where to start.
keith.ader@westgatedirect.com
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