Is now the time to buy land? Absolutely!
Land has begun to increase rather sharply in value since the lows of the recession. both lots and acreage have increased in value, especially in pockets surrounding developing rural areas such as Hartland, Oceola, Genoa, Marion & Green Oak Townships – the closer to the main highways the better.
Hot areas include properties adjacent to M-59, County Farm, Coon Lake Road, D-19, Chilson, I-96 and US-23. Land is a becoming more scarce as the Livingston County population has begun to grow rather rapidly in the past 4 years. As an investment, buying and holding land may be beneficial to your portfolio.
Is it a good time to build? With the cost of resale homes on the rise, now may be a good time to build your dream home. Materials have increase steadily over the past 4 years. and the trend is slowing with the cost of lumber being the first to see a good drop in price. Since the most boxes on your wish list you can expect to check off in resale homes, building is often a way to achieve the features closest to the home of your dreams.
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Call Sam Gerardi to help you find and purchase land all over Livingston and surrounding areas.