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I agree there’s not enough info for a sensible answer.
Some land is worth buying to build on later, other is not worth buying at all, yet another should be built on yesterday. I wish now I would have a parcel of land I sold at a loss in Sydney around 1989-90, due to high interest rates, business problems and lack of foresight on my part.If I’d either built&sold then, or just kept the land ’till now, almost the same result would’ve been achieved. My funding requirements would’ve been quite different, though.I may have been able to do it one way, but not the other.
Regards
first choicefirst choice
My family own property there. My feeling is – I don’t think it’s gonna be Sanctuary Cove #2, but there is upward potential there. It all depends on how well the development is done and then sold to outsiders. It used to be a little fishing village, I love the place. We’ll either develop or sell, not yet decided.
Regardsfirst choice[biggrin]
Ellis Karhunen
I agree with Woodsman. More info needed to really help you I feel. Are you handy with property? The reason I ask that is that I’m a renovator, and also in business in the building sector. I can often see a good deal when everyone else gives up.
So, renting would never be a sensible option for someone like me, but in a lot of cases it can be a way to accelerate your progress.
Stay marinated! first choiceEllis Karhunen
