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Post by 76chevy on Mar 25, 2017 8:31:05 GMT -5
thanks for the post. Lot's of great info there.
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Post by davers on Mar 25, 2017 8:51:05 GMT -5
There are lots of factors that need to be considered before you purchase land such as. 1.price 2.taxes 3.can I build on it. 4.how close are utilities if not how much would it cost to bring them to a proposed building site. 5. neighbors how do they use their property. If your going to buy land buy something you and you family can enjoy year round,live there and make it your home. Make sure your neighbors are good neighbors someone you could spend the rest of your life living near. The hunting thing will happen and you will learn how to improve it over time. I would look for a piece of property that offers more than one huntable species of animal,a property that has a pond or could have one with a little effort.Don't depend on WRP or CRP because the rules have been changing and it's been getting harder to enroll land,you could put it into Indiana protected habitat and it will be almost tax free. Most of all make sure your wife is totally 100% on board with this idea I say this because I know of someone who bought land only to lose it a few short years later during a divorce. Start researching and doing your homework,don't be in a hurry,work at this because this could be a forever thing and you want to make sure you get it right the first time. I purchased my 18 acres of land at a public auction, I knew what the taxes were and how much utilities were going to cost,I knew what game and fish existed on the property and I knew how my neighbors used their property. I was divorced at the time and the women I met afterwards totally enjoyed the idea of having a property to enjoy the four seasons on, that was 18 years ago and we have enjoyed everyday since. I was able to enroll 8 acres into WRP and the money I was paid was better than half the cost of my total purchase price. I have 15 acres in the Indiana protected habitat so my taxes are something like $12.00 total a year on that 15. I am currently in the process of purchasing an additional 4 acres which is all wooded and will make I nice addition to our little KING ranch. Buying land is always a good investment but do your homework first,don't act on impulse.
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Post by wesb81219 on Mar 25, 2017 10:01:58 GMT -5
I'm hoping in a few years I can begin to look for some land to buy. Or another house on a nice piece of land maybe in the 15-20 acre range. Obviously the quality of hunting and location will play a huge factor in my decision. Ideally I will look for something that is mainly wooded with farms in close proximity and build my place up to be a bedding / living area for wildlife.
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Post by esshup on Mar 25, 2017 21:41:13 GMT -5
After dealing with trespassers I wouldn't feel comfortable owning hunting property that isn't within 30-45 minutes away.
With technology today, I would want it to have good reliable cell service, and electricity close by. If it isn't close enough to home, and there is no house on it, drive time is a killer to get anything done on the property without wearing yourself out.
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Post by davers on Mar 26, 2017 4:33:25 GMT -5
After dealing with trespassers I wouldn't feel comfortable owning hunting property that isn't within 30-45 minutes away. With technology today, I would want it to have good reliable cell service, and electricity close by. If it isn't close enough to home, and there is no house on it, drive time is a killer to get anything done on the property without wearing yourself out. Yes, driving several miles to your property can be exhausting!! When I lived in Evansville, I had to drive 35 miles up to Sugar Ridge shooting range, so I could shoot my high powered rifles, and that was a 70 mile round trip for me. I normally drove twice per month during Spring & Summer to shoot my rifles. Down here in Central Kentucky, my property allows me to shoot off my back porch and I have ranges from 25 yards up to 300 yards. Plus: NO DRIVING to and from a shooting range.
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Post by esshup on Mar 26, 2017 8:41:23 GMT -5
Yes, driving several miles to your property can be exhausting!! When I lived in Evansville, I had to drive 35 miles up to Sugar Ridge shooting range, so I could shoot my high powered rifles, and that was a 70 mile round trip for me. I normally drove twice per month during Spring & Summer to shoot my rifles. Down here in Central Kentucky, my property allows me to shoot off my back porch and I have ranges from 25 yards up to 300 yards. Plus: NO DRIVING to and from a shooting range. I totally agree. I drive a little over an hour to a 1,000 yd range, but out to 350, 400 yds if I shoot from the driveway is doable here, only 50 yds from the back door. A friend bought 80 acres 2 hr from home. after 8 years he's finally putting a livable building up. I can't tell you how many miles he put on his car and how much he's spent in gas driving out 2, sometimes 3 times a week.
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Post by boonechaser on Mar 28, 2017 10:04:37 GMT -5
No matter what size of property you purchase a big factor to me is what are adjoining neighbor's like?? Do they hunt, farm, lease property, have pet's or livestock??? You can have a great property but with a lousy neighbor making your hunting horrible and land ownership more of a headache than a blessing. Before deciding to purchase my wife's family farm I moved us there for a couple year's, became friends with neighbor's and had numerous conversation's with all the adjoining landowner's before deciding to pull the trigger and buy property. Our farm is 140 acres but I have access to 2 of the adjoining farms which receive very little hunting pressure. Off course there is always one bad apple so to speak. The neighbor whom owns 75 acres doesn't hunt but use to let anyone hunt. I believe at one time there were 18 different people hunting his property. I have since became pretty good friends, bale some hay for him and through conversation's have got him to only allow 6 people to hunt this past year. I even offered to lease his 75 acres for $1,000 year this past winter and he said he is going to offer the property to 1 family for same price $1,000 (4 people) if they won't lease then I can have the hunting rights. To be honest I doubt I would hardly hunt the property but it is a war zone during firearm's season. It's worth it to me to just have less hunters in the area. Land ownership is great if you can afford it.
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Post by tynimiller on Mar 28, 2017 11:02:23 GMT -5
No matter what size of property you purchase a big factor to me is what are adjoining neighbor's like?? Do they hunt, farm, lease property, have pet's or livestock??? You can have a great property but with a lousy neighbor making your hunting horrible and land ownership more of a headache than a blessing. Before deciding to purchase my wife's family farm I moved us there for a couple year's, became friends with neighbor's and had numerous conversation's with all the adjoining landowner's before deciding to pull the trigger and buy property. Our farm is 140 acres but I have access to 2 of the adjoining farms which receive very little hunting pressure. Off course there is always one bad apple so to speak. The neighbor whom owns 75 acres doesn't hunt but use to let anyone hunt. I believe at one time there were 18 different people hunting his property. I have since became pretty good friends, bale some hay for him and through conversation's have got him to only allow 6 people to hunt this past year. I even offered to lease his 75 acres for $1,000 year this past winter and he said he is going to offer the property to 1 family for same price $1,000 (4 people) if they won't lease then I can have the hunting rights. To be honest I doubt I would hardly hunt the property but it is a war zone during firearm's season. It's worth it to me to just have less hunters in the area. Land ownership is great if you can afford it. Boone is making an EXTREMELY huge point. It is the only thing that would hold me back from buying portion of MY BEST hunting property should the chance ever present itself because the neighbors are scum! Talking like criminals, pure criminals. Trespassers and bunch of other crap.
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Post by freedomhunter on Mar 28, 2017 11:41:13 GMT -5
Great. Most of what I see in western IN where I live is in the 3500 to 4000/acre range. More if tillable acres. I would like a mix of woods and tillable for some income from the property as well. I fell into my 22 acres in a roundabout way...paid approximately $2200/Acre (which is why I couldn't turn it down). We had no mortgage or vehicle debts so simply refi'd and have a small debt to paydown on the house. If I can aggressively get it down before it rolls into a normal mortgage (5 years) I may approach the neighbor about buying some of his 33 due to it being majority creek bottom and not buildable due to high water table (they don't even farm it). Majority of my ground is unsuited for construction which is one of the driving forces behind my extremely sub-regular market (even in similar properties). I'd estimate only 20-30% could I get a permit for an accessory building and/or slab constructed home. If we ever choose to build I may approach a neighboring landholder with some higher ground for an acre. IF this plan had not fallen into my lap, I had a 15-20 year plan where I had hoped to come up with and save about $2k a year solely for this purpose...without hurting household budgets. I will recommit to this tactic once land is paid off because I would love to add more in future or look to another state like Wisconsin or KY for another hunting option. You are talking about investment property if it has marketable timber or tillable. You will pay a premium for that type of property and have competition potentially. The ground I am buying is totally wooded (just logged out) with no tillable, it does have a nice cabin site and pond sites (hills and hollers). It is in western Indiana, Parke in fact, and it sold to the guy I am buying it from for 1750/acre. This type of ground is out there, you just have to find it.
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Post by tynimiller on Mar 28, 2017 12:54:49 GMT -5
County by county it changes. If you would find anything with non-wetland majority with a spot for a house in my county...you're not paying less than $4Kto$6K minimum and that is only in motivated seller situations or other issues which may include easements, buildability issues, neighbor issues or other unknown things.
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Post by boonechaser on Mar 29, 2017 12:01:54 GMT -5
Pretty sure in my home county that I can find all the land I want for $1500-$2000 acre. If you look real hard probably find some for closer to $1000 acre.
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Post by swilk on Mar 29, 2017 14:17:53 GMT -5
Is your home county 1977 by chance?
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Post by boonechaser on Mar 29, 2017 19:03:14 GMT -5
Is your home county 1977 by chance? LOL. Good ole Switzerland County. Lots of rough , hilly, hunting ground. Not much good for anything else. A prime 280 acre property sold last November for $1500 acre. Included 20 acres tillable and 3/4 mile county road frontage w/h water and electric hook ups. If I only had the $$ I would have jumped on that one
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Post by tynimiller on Mar 29, 2017 20:04:48 GMT -5
Is your home county 1977 by chance? LOL. Good ole Switzerland County. Lots of rough , hilly, hunting ground. Not much good for anything else. A prime 280 acre property sold last November for $1500 acre. Included 20 acres tillable and 3/4 mile county road frontage w/h water and electric hook ups. If I only had the $$ I would have jumped on that one If the wife would move I had looked at some property in that area....alas rather have a happy wife and marriage than cheaper and more ground. (Both is best case though lol....someday maybe)
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Post by greghopper on Mar 29, 2017 20:56:56 GMT -5
Is your home county 1977 by chance? LOL. Good ole Switzerland County. Lots of rough , hilly, hunting ground. Not much good for anything else. A prime 280 acre property sold last November for $1500 acre. Included 20 acres tillable and 3/4 mile county road frontage w/h water and electric hook ups. If I only had the $$ I would have jumped on that one Hunting takes on a different name when you park your truck and your first 500yrds is straight up the first hill in route to your stand.....
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Post by lawrencecountyhunter on Mar 30, 2017 10:46:30 GMT -5
It also seems to me that the bigger the parcel, the lower price per acre generally.
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Post by boonechaser on Mar 30, 2017 10:59:48 GMT -5
It also seems to me that the bigger the parcel, the lower price per acre generally. Yes generally speaking. But still land here is pretty affordable. I made a offer on a nice 75 acre parcel 1/2 woods other 1/2 pasture and tillable. It sold for $149,900. Had road frontage and a new 30x60 pole barn and around $35,000 saleable timber. Of course river bottom and good AG land you can expect to pay $4,000 plus acre but there is plenty of hunting/recreational land available for under $2,000 acre.
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Post by tynimiller on Mar 30, 2017 11:44:28 GMT -5
It also seems to me that the bigger the parcel, the lower price per acre generally. Working in the appraisal/assessment industry the concept of diminishing rate of return as acreage grows is one well known when arriving at a value. Very rarely will the same type property sell for a higher $/acre if more acreage is involved...and the few times I have found this to occur it is due to undisclosed reasons on either the higher sale or the lower one.
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Post by throbak on Mar 30, 2017 14:17:57 GMT -5
The first fan I bought in Ripley co Indiana I paid 600 an acre for it One whole side was shared propert line with a Ohio couple who were Great Then one day they ask if we wanted to buy their 35 acres They wanted 900 an acre I though it was too much and it sold to another Ohio couple Who were neighbors from You know where A year later after putting up with them they let it go back to original owners They ask agin if we wanted it Lesson learned I told them absolutely just take it easy on me It was worth every bit the 900 asking price I found out and lucked out
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Post by deadeer on Mar 30, 2017 23:59:26 GMT -5
You guys are too lucky! NE LaPorte county 11 acre scrub woods down my road just sold for $176k. The new going rate has been $15k/acre minimum. Freakin stupid!!!!!!! A buddy was looking at a local subdivision layout map recently. He said 1/4 acre lots were starting at $90k. I give up.
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