I've been a long time lurker on this board, and this is where I prefer to get my news updates. My wife and I purchased land in September with intentions of building this year, but I've been getting cold feet. My wife is wanting to press forward, but I am concerned about the price of materials, potential for a rise in interest rates, and difficulty selling our current home.
Are there any pedes on this board that can give me some good information to consider in this process and also educate my wife on the good and bad? Should we press forward with selling and building or slow down? I appreciate any information provided. We are in our early 30s, both nurses and have 3 small children, so I don't want to cripple us financially.
what type of restrictions are you facing with your property? meaning...your can do anything with it, it's a gated community...etc.
We went in with my wife's family. My FIL got a little over 18 acres, my wife and I got 4.8 and my BIL got 4.8. No restrictions, which is what we were looking for.