Question: Is $10.88/sq. ft a good price?
Of course, the answer is dependent upon many other factors.
This isn’t quite like investing in gold, but it’s pretty close. If you’re uneasy about the fiscal conditions of the US (and we all should be), then you’re going to want to place some of your capital in something that’s usually a good hedge against inflation.
Now, pricing is difficult and much of the value is subjective. For instance, people with small children may value a home closer to the school than otherwise. Others would value a home closer to their place of employment. Retirees would want close amenities.
Like the stock markets, if one is looking to make money, the formula is pretty easy. Buy low and sell high.
Brand new metal roof, nice solid hardwood floor throughout, (no weak spots), new electric wiring, plumbing and gas hookups all work, central heating. Nice size yard, but not too big to maintain.
Small town ( about 1800 people), low crime. Small industry nearby. Town has all amenities necessary. Great fishing nearby.
Best of all, 5 grandbabies less than 5 minutes away!!!
Contract signed this weekend. No bank payments.
I celebrated last night, but I think I’ll celebrate tonight, as well!