Wednesday, June 18, 2008

Land in North Carolina Part 2

The View from Our Lot

Well, after spending a few days looking around at the options for land, our realtor (and our own independent research) convinced us that what we wanted... a good buildable lot with a killer view, close to the town of Waynesville, but with a 'remote' feeling, did not exist in the $50K range.

After John and Sandy showed us around for a few days, we really liked the Waynesville area. It has a very old North Carolina quaint downtown. But it also has a Walmart and other shopping within a reasonable distance. There is a great recreation center, golf courses, and there is all kinds of hiking and National Forest land within about a half hour's drive in any direction. And Waynesville is about a half hour's drive from Asheville, NC, where there are malls and 'culture'.

We looked at a lot of 'cheap' lots, but they were either low elevations (not the cool air we were looking for), or no view, or so unimproved it was daunting, or they were marginally improved (roads, but just a steep slope, no water, electric, septic, etc). Or they were a half hour's drive to the nearest store. The location that John and Sandy's house was in was pretty perfect (close, but not too close to town, etc), so we were really trying to find a place in that general area.

John & Sandy's House

Our realtor, Yvonne from Keller-Williams, finally dug out a listing that had expired a year ago for 1 1/4 acre with a great view at 4,000 feet (cool air!), with roads, electricity, water, a septic permit, and a leveled, filled spot of land to put a house on. Since it's a lot, it doesn't have an official address yet, but the Lat/Long is 35-26.43N 83-02.95. See location on Mapquest

It is a bit scary to plunk money down on real estate, with the economy the way it is, but it should turn out to be a good investment in the long run. Just like 'they ain't making any more waterfront', 'they ain't making any more good buildable mountaintop lots'. (or, location, location, location, as my Mother used to say). We ended up paying more than our original budget of $50K, but we think we got a fair deal, and it will be a good investment in the long run.

Though we originally were looking for land we could pull an RV into, we opted for a 'subdivision' with a few deed restrictions (including no 'temporary housing'). After seeing some of the falling-down trailers in the non-deed-restricted areas, that seemed the best compromise to protect our investment. But I'm sure if you come visit us in a motor home, you can pull in and stay for a few nights.

Don't worry, Florida friends, we're not planning on MOVING to North Carolina. Our home is still in Florida, this is just a 'someday, summer home' for the hot summer months.

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