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ESTAPLACE.COM REAL ESTATE - FREE LISTING SERVICE -
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Nesgroup address: misc.consumers.house - Date & Time for the message: Mon, 11 Apr 2005 14:12:08 -0700
/ Author of the message: "Charles Spitzer" |
Title of the message: |
Re: Which comes first: Buy land or construction loan?
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Text of the message: |
"medusa" <medusa@nowhere.com> wrote in message news:d3c4pt$sgr$1@domitilla.aioe.org... > Mark Barrett wrote: > >> Woods <woods_rule@yahoo.com> wrote: >> >>>I have $30,000. I want to build my own house. The area I'm looking at, >>>the 30 grand is plenty enough for the land I need, while I plan to go >>>into debt for the home itself. >> >> >>>Specific question: Should I go shopping now for the land and just write >>>a check for it, or should I get the construction loan first? >> >> >> A few more thoughts. >> >> I bought land in 1990 and built in 1992. Property taxes in my county >> on raw land is double the rate for that of developed land. Ie. land >> appraised at $25,000 might have property tax of $500 while a house >> appraised at $100,000 would have a tax of $1000. After getting the land >> I spent a year figuring out house plans making use of a designer and |
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Estaplace.com is one the Ceglia Giovanni projects, started on 20 July 2005, and online since 20 August as a real estate platform for listings, mainly operating on the Italian and American/English market in the Internet, Estaplace would like to become the point of referiment for home sellers and home buyers, a site where private owners or real estate agencies can have the possibility to show their offers to the world. Estaplace.com is only one of the Giovanni Ceglia's sites. Everyday Giovanni Ceglia works to improve new Internet tools and services for online marketing and business. Estaplace.com will become the biggest portal for real estate business and investments online.