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| Dividing Acreage for building a house http://www.mudmotortalk.com/mmt_v2/viewtopic.php?f=7&t=72609 |
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| Author: | brycecheramie [ Sun Jun 24, 2018 8:35 am ] |
| Post subject: | Dividing Acreage for building a house |
I'm sure someone here has a good bit of land and split up the land to build a house on. So I'm needing some help. I made a post a while back about me buying more land than than I had originally wanted/ needed, so here's what I'm dealing with. I'm in the process of building a house What i'm being told by my bank is that my house will probably appraise for a lot less than what i'm paying for it because there are no comparable properties in the area that sold in the last year to give my land/home an accurate value. The bank is recommending I take the acreage I have and have a 1-2 acre tract separated off of it to put my house on. They said I will get a much better appraisal that way, having the house on 1-2 acres. Has anyone ever done this? What kind of time does it take to do it? Am I barking up the wrong tree? |
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| Author: | Will C [ Sun Jun 24, 2018 9:07 am ] |
| Post subject: | Re: Dividing Acreage for building a house |
Been there years ago. The time wasn't a big deal. It took about a month .A survey crew will section off what u want and time to file with county etc. it seems my place and others around me that have land have more value at 1 to 2 acres. When places come up for sale 1 to 2 acres seems to be considered a big place. Same places with bigger land attached don't seem to gain much value from having more land. It's weird in my thinking but I guess for most buyers more than a couple acres seems like too much to take care of so the additional acres are only valued at 3 to 4'k an acre. A 1 acre spot in my area brings 15 to 20 k. A 10 acre spot brings 5k an acre. Just weird |
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| Author: | brycecheramie [ Sun Jun 24, 2018 9:12 am ] |
| Post subject: | Re: Dividing Acreage for building a house |
| Author: | Will C [ Sun Jun 24, 2018 10:30 am ] |
| Post subject: | Re: Dividing Acreage for building a house |
Luckily I use a local bank that will always sit down and bs when I have questions. Maybe ask your banker? |
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| Author: | brycecheramie [ Sun Jun 24, 2018 10:37 am ] |
| Post subject: | Re: Dividing Acreage for building a house |
| Author: | Exbellicus [ Sun Jun 24, 2018 12:36 pm ] |
| Post subject: | Re: Dividing Acreage for building a house |
I've had mine surveyed 3 times in the last 3 years (Purchased whole property, Dad built a house, then I did). It's no big deal. Really depends how fast the survey company can get out there. They have knocked mine out within a few days each time I've needed it. I have 35ac and the cost has been in the 600-1k range. |
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| Author: | brycecheramie [ Sun Jun 24, 2018 12:38 pm ] |
| Post subject: | Re: Dividing Acreage for building a house |
| Author: | 50fps [ Sun Jun 24, 2018 5:03 pm ] |
| Post subject: | Re: Dividing Acreage for building a house |
Don't know how it is down south, but if you have x amount of acreage and it is zone as anything other than residential to convert a portion (say 1-2 acres) into residential it usually has to go before a town, city, or county board for approval. |
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| Author: | Wilson [ Mon Jun 25, 2018 5:46 pm ] |
| Post subject: | Re: Dividing Acreage for building a house |
I don't think he wants to change the zoning. If I understand it correctly, it sounds like it's just making one tract into two tracts both zoned the same. |
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| Author: | brycecheramie [ Mon Jun 25, 2018 7:00 pm ] |
| Post subject: | Re: Dividing Acreage for building a house |
I don’t think I’m changing the zoning. I don’t even know what that consist of. I just want my house and 1-2 acres to be a separate from all my other property. |
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| Author: | caddobrook [ Wed Jun 27, 2018 9:13 am ] |
| Post subject: | Re: Dividing Acreage for building a house |
| Author: | da go get'er [ Wed Jul 11, 2018 5:17 pm ] |
| Post subject: | Re: Dividing Acreage for building a house |
| Author: | brycecheramie [ Wed Jul 11, 2018 5:36 pm ] |
| Post subject: | Re: Dividing Acreage for building a house |
Got everything done last week. I was able to section off 1.5 acres. The parish was able to do everything in house and only postponed me about 2 weeks. And that’s because they had to survey it. So all in all, it was easy |
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| Author: | da go get'er [ Thu Jul 12, 2018 7:01 am ] |
| Post subject: | Re: Dividing Acreage for building a house |
| Author: | da go get'er [ Thu Jul 12, 2018 7:04 am ] |
| Post subject: | Re: Dividing Acreage for building a house |
| Author: | Exbellicus [ Thu Jul 12, 2018 11:21 pm ] |
| Post subject: | Re: Dividing Acreage for building a house |
Hunt County (East TX) 10 acres in the middle is heavily wooded. Everything else is pasture so the corners are easily seen. |
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