Long term planning of selling your home?

[Sigarms]

Do you have a separate deed for the acreage and the house, so you don't need to have a survey etc. to keep it?

The two parcels of land are separate.

I already had a surveyor go over the 6 acres with home for boundary markers, particularly out back which are now laid.

This taken when we had the back deck replaced. You can see where the 6 acres ends right behind the well down the hill (red line indicates separation of property). Everything else you see is part of the additional property.

 

[Torvy]

As mentioned, even if we can get the appraised value of the home AFTER we sink some money into it, and I would be more than happy.

If people insist on taxing property, the taxing authority should be required to purchase the property for the appraised value at the owner's request whenever the owner wishes.

We spent way too much effort having to prove to the county how poorly their appraisers did their jobs.

Your spending efforts will likely help the house move more quickly, but will lose you money net-net.

New paint in our house was going to be upwards of $10k. The neighborhood wasn't "starter home" level. Almost anyone who was moving in there was going to repaint anyway.

"Move-in ready" is best for a starter home where the buyers can't likely afford to do much in the first few years. In those homes, paint and such may matter.

 

[EddieWalker]

I haven't bought raw land in a while, but when I did, it was A LOT harder to get a loan for land without a house on it. And when it did happen, it was for 15 years with a huge down payment.

Smart to have options, but in my opinion, it will be a lot easier to sell all the land with the house. I also doubt that you will get a lot more per acre selling the land separate from the house.

 

[Sigarms]

If people insist on taxing property, the taxing authority should be required to purchase the property for the appraised value at the owner's request whenever the owner wishes.

We spent way too much effort having to prove to the county how poorly their appraisers did their jobs.

Your spending efforts will likely help the house move more quickly, but will lose you money net-net.

New paint in our house was going to be upwards of $10k. The neighborhood wasn't "starter home" level. Almost anyone who was moving in there was going to repaint anyway.

"Move-in ready" is best for a starter home where the buyers can't likely afford to do much in the first few years. In those homes, paint and such may matter.

The appraised value I'm referring to was done by a bank.

That said, of course our tax appraised value is lower, but in all honesty, what they have listed as far as the house it self is very limited and I'm completely fine paying what the county is assessing the home for

Of course the housing market can change drastically over time, but from what I'm looking at for comparisons in my own market, the banks appraised value might be on the under side vs the current market than being over.

I completely agree with your comment that some spending will help move the home more quickly, and honestly that's what we're hoping for.

House has 3 HVAC systems, I replaced 1-3 years ago, the other this year, and the last one will be done next month (that's the PITA job but working in attics in NC are better in the winter than summer LOL).

New roof was installed last year.

Really only need to do some updating on the kitchen and the flooring in basement, and we should be good to go.

 

[Sigarms]

Smart to have options, but in my opinion, it will be a lot easier to sell all the land with the house. I also doubt that you will get a lot more per acre selling the land separate from the house.

That is exactly my line of thinking.

I think perhaps the land can become a good bargaining chip for us in selling the home with 6 acres.

I figure absolute worse case, I can still have my own shooting range lol

 

[Carl_NH]

I'd keep the additional land separate for now as the new owner's may not have the $ today to buy and they may not "value" the land initially as they will in 1-2 years. Then other buyers - abutters etc, may come forward with a better offer in time.

And land doesn't lose value, and tax burden is not too high typically.

 

[Sigarms]

Your chainsaw comment really hit home. We have had more trees get blow down and block access over the last 12-18 months than we have had in decades. Unreal. I was cleaning up a tree one day and the thought hit me as to how much longer could I run the chainsaw? Nothing wrong with me, and I think I can run the chainsaw better now than I could decades ago, but at some point, that might not be true, and then what do we do? The idea of moving has been for other reasons but taking care of the place was/is a concern. It was a realization that one day I might night be able to clear a downed tree....

10 years ago if I worked the chain saw for more than 15-45 minutes I couldn't sleep at night due to the pain in the shoulder.

I'm finally getting to the point where I can not take care of everything I need to around the place, because even if I do nothing, I can be in pain at night.

The shoulder needs to be replaced sooner vs later now. I've had to pay guys to take down and cut up trees because I physically couldn't be able to which I could do easily in the past. Don't get me wrong, but its something mentally where you have to pay guys to do basic labor that you could do with no problem in the past.

 

[WM75Guy]

10 years ago if I worked the chain saw for more than 15-45 minutes I couldn't sleep at night due to the pain in the shoulder.

I'm finally getting to the point where I can not take care of everything I need to around the place, because even if I do nothing, I can be in pain at night.

The shoulder needs to be replaced sooner vs later now. I've had to pay guys to take down and cut up trees because I physically couldn't be able to which I could do easily in the past. Don't get me wrong, but its something mentally where you have to pay guys to do basic labor that you could do with no problem in the past.

I can relate, for me it is low back pain. We recently had a tree service come in and remove about 20 trees, prune dead branches and trim everything up to 12', plus clean up anything laying on the ground. They hauled everything off. Some of the trees were in excess of 36" diameter and 50'-60' tall. They were here for 3 days. Best money I ever spent. I can now mow where I need to without hitting the cab or a canopy on a limb. I can use either my Dewalt 20V chain saw or Oregon 40V chain saw and the grapple to clean up any limbs that fall going forward.

 

[ultrarunner]

I'd keep the additional land separate for now as the new owner's may not have the $ today to buy and they may not "value" the land initially as they will in 1-2 years. Then other buyers - abutters etc, may come forward with a better offer in time.

And land doesn't lose value, and tax burden is not too high typically.

Folks took the buy and hold on adjacent acreage and it’s down about 90% from 10 years ago…

Land too depends on location…