Interested in any info about buying a lot and building a cabin for an STR in the Blue Ridge Ga area. I have never purchased a lot before and the pricing is all over the map. I was wondering what to look for etc. Thanks
The Blue Ridge area has certainly seen growth over the past couple years. And with a mixture of old cabins, new developments, lake front properties I can understand pricing all over the map. Also covid brought a flow of activity and a decrease in inventory with people from Atlanta acquiring in the area. A good strategy could be to network and connect with local brokers, both commercial and residential. They have seen such deal velocity the past couple years they can be a wealth of knowledge to help evaluate a deal and the market. Best of luck as Blue Ridge is great and growing market with more retail and multifamily coming into the area.
When buying a lot, have at least 14 days due diligence built into your offer. You want to check alot of small, but important factors. #1 being--IS IT BUILDABLE? So ask agent for the plat. Call the county zoning dept and get the setbacks to make sure the house you want to build can fit properly on the land. Do a perc test to make sure the soil is good. Lastly, do a survey. Surveyors are going slow these days, so it may take longer to get it back than 14 days, but try to get it. They will will give you lots of good info on the survey too. Best of luck!