There are lots about 25 minutes from where I currently live, and it is a city we have thought about possibly eventually moving to. The lots are $13,000 for 1/3 acre, water, electric, gas all connected and ready to build. Comparable lots where I live currently are going for $80,000+ currently. Would this be something worth investing in and even if we don't build or move there, the value should go up right? Also, are there rules for how long you can hold onto a lot without building in a situation like this? This is not a neighborhood that is quickly building but a few new houses have gone up.
Extra info: I believe the home builder company also owns the lots. They have a handful of rules about the size and style of home that can be built there.
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source https://www.reddit.com/r/RealEstate/comments/zthfue/buying_a_lot_as_an_investment/
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