Wow! It doesn’t happen often, but this year builders are still in the game. We are breaking ground tomorrow, January 25th on a new construction modular on a spot lot we bought a while ago. Most years we are done until Spring, but this year the dozer is hitting the ground at the end of January!
Making money in this market is all about buying the Real Estate right and finding the buyer BEFORE you pull the trigger. Imperfect building lots can be purchased at a bargain but be sure you understand the ramifications of every aspect of your lot. Soils, wetlands, frontage, bedrock, utilities among many other variables will determine your ability to make money on land.
If you are thinking about making money on land or building, do your self a favor and hire experts for your first purchase. The knowledge they have will make the difference between becoming an expert and becoming and ex-builder! Happy building!!
