18 replies to this topic

[Flushgarden]

I'm buying a small piece of land in a gated community in Texas. I can choose between a lot that is on a lake, and one that is on a golf course. Both are the same price. Which one would you choose? This is pretty much an investment property and I will probably sell it at some point in the future.

[beans-n-icewater]

I'm buying a small piece of land in a gated community in Texas. I can choose between a lot that is on a lake, and one that is on a golf course. Both are the same price. Which one would you choose? This is pretty much an investment property and I will probably sell it at some point in the future.

It depends on if you are going to build a house on it or not.


If not, buy the golf course one. More golfers than fishermen nowadays


If so, buy the one that is the flattest. Shoot grade with a transit and make sure that the lot has no drainage problems, as in being lower than the surrounding lots. Even a small amount of elevation can run the cost of the project up thousands of dollars. I just spent 8K on fill dirt and a bulldozer to raise a lot 16" on one side, but it saved over 12K on extra concrete, blocks, and grit inside the foundation.


Also, most subdivisions just have a sidewalk running on one side of the street. Picking one that dosent require one can save big bucks too, esp. on a corner lot. A golf course side usually means a small golf cart door in addition to the main garage door to sell quick. This adds a couple thou to the price too.


Too much info?

[GWCGWC]

both



but if i HAD to choose


For investment property, the golf course is probably the best.

[Flushgarden]

It depends on if you are going to build a house on it or not.
If not, buy the golf course one. More golfers than fishermen nowadays
If so, buy the one that is the flattest. Shoot grade with a transit and make sure that the lot has no drainage problems, as in being lower than the surrounding lots. Even a small amount of elevation can run the cost of the project up thousands of dollars. I just spent 8K on fill dirt and a bulldozer to raise a lot 16" on one side, but it saved over 12K on extra concrete, blocks, and grit inside the foundation.
Also, most subdivisions just have a sidewalk running on one side of the street. Picking one that dosent require one can save big bucks too, esp. on a corner lot. A golf course side usually means a small golf cart door in addition to the main garage door to sell quick. This adds a couple thou to the price too.
Too much info?

Nope, not too much info. All very helpful. Thanks.

Yeah I think the golf course may be a little more valuable in the long run.

[beans-n-icewater]

Construction guys arent cheap



I paid this guy $100 an hour to trim my hedges....

[princeof56k]

I'm buying a small piece of land in a gated community in Texas. I can choose between a lot that is on a lake, and one that is on a golf course. Both are the same price. Which one would you choose? This is pretty much an investment property and I will probably sell it at some point in the future.

Dont know where in Texas you are looking, but if in the Houston area, I have some advice about the lake front property. Check about flooding. Be sure you are elevated high above the lake. And you might want to ask locals in the area if they have floods often. In Houston its not uncommon to see certain neighborhoods get flooded out almost every 2 years or so.

On another note... Is this the best time to be buying property for investment purposes?

[SAM_Hard8]

Is it a big lake, think fishing boats at 6:00 in the morning.

Is the lot close to the green or tee, think golfers cussing loudly at 6:00 in the morning.

[Yoda]

I'd rather a nice view then golf balls through my windows. But either way, a ton more people would enjoy a view of a lake then a bunch of grass. By the Lake. AINEC.

[dms26]

I play golf but I don't fish, and I'd still rather have a waterfront view than a golf course. But the flooding issues are a good point.

[DonkSlayer]

Investment-wise, I would lean toward the lake, especially if the lot is a good size. If the neighborhood is lots of families, you may get more lookers on the golf course as lakes are dangerous for little kids.

[Flushgarden]

On another note... Is this the best time to be buying property for investment purposes?

I'm getting a pretty good deal. I'm paying about 15k total. It's a good sized lot in an established gated community with access to anything you can think of like pools and tennis courts and a restaurant within the community. No back taxes or anything. Association dues are only $18 a month as it is right now.

I know where I live in california a lot like that would cost at least 10x more.

This will be the first piece of investment property I have ever purchased. So hopefully I'm not getting hosed. Everything I've heard about the seller is good though. You guys are giving me some good advice and telling me what I need to look for. Thanks.

I was sure I was going to go with the golf course, but now I don't know. lol

[No_Neck]

I'm getting a pretty good deal. I'm paying about 15k total. It's a good sized lot in an established gated community with access to anything you can think of like pools and tennis courts and a restaurant within the community. No back taxes or anything. Association dues are only $18 a month as it is right now.

I know where I live in california a lot like that would cost at least 10x more.

This will be the first piece of investment property I have ever purchased. So hopefully I'm not getting hosed. Everything I've heard about the seller is good though. You guys are giving me some good advice and telling me what I need to look for. Thanks.

I was sure I was going to go with the golf course, but now I don't know. lol

I am a big fan of the lake property but I grew up on an island so you might want to take my advice with a grain of salt.

[doublemeup]

I'd definitely rather be near the lake.

[Suited_Up]

Depends how big the lake is.

Is it just for looks? Or can you put boats on it?

If you can use boats, water toys, etc.... I think it's the Lake by far. You can build a boat slip, and bam, instant profit. Not like the people who want to golf would be far away.

[beans-n-icewater]

Depends how big the lake is.

Is it just for looks? Or can you put boats on it?

If you can use boats, water toys, etc.... I think it's the Lake by far. You can buy a couch, and bam, instant aggravation. You could even post about it on a poker forum and bump it every fifteen minutes.

Sorry Kurt... had to FYP



Its a slow day and not much else to do. I may have a few beers later.... maybe

[Suited_Up]

Sorry Kurt... had to FYP
Its a slow day and not much else to do. I may have a few beers later.... maybe

I've seen better efforts. But i'll let it slide since the BCC is non existant.

[beans-n-icewater]

I've seen better efforts. But i'll let it slide since the BCC is non existant.

Ok I'm making up for lost time...


Everyone make sure that the seatbacks are in an upright position and the tray tables are locked in the closed position....


The BCC is taking off....







BCC=8.0

[CrackofmyACE]

Ok I'm making up for lost time...
Everyone make sure that the seatbacks are in an upright position and the tray tables are locked in the closed position....
The BCC is taking off....
BCC=8.0

think i'll join ya

[aucu]

Waterfront will be more in demand, always is.