Buying Land in the Province
Posted: Fri May 23, 2014 2:20 am
I'm deciding if I want to finance some land in my gf's province.
Now it's north of PP about 45 mins and it seems for the size of the land, 3 separate plots. One large and the other 2 smaller. For about $1.97 a sqm. That seems on the higher side given a government website saying "rural" land prices are between $0.50 and $2. So this land is on the high side. Granted if you bought land back home you would spend a whole hell of a lot more then $2 per sqm.
Planning on renting it out for about $100 a month to local farmers or letting her brother farm it. Which if it's her brother the money would probably stay in the "family" and wouldn't see any residual. But one plot might build a house in the future.
Now I know what has happened in the past with such things. Mostly fleeced men. But this is not the case. Of course since we aren't married yet it'll have to be all in her name. And it's not too bad because she's willing to sell some of her gold to finance it as well, this isn't gold I bought her, it's gold she bought herself before we were together over a year ago.
Now it's north of PP about 45 mins and it seems for the size of the land, 3 separate plots. One large and the other 2 smaller. For about $1.97 a sqm. That seems on the higher side given a government website saying "rural" land prices are between $0.50 and $2. So this land is on the high side. Granted if you bought land back home you would spend a whole hell of a lot more then $2 per sqm.
Planning on renting it out for about $100 a month to local farmers or letting her brother farm it. Which if it's her brother the money would probably stay in the "family" and wouldn't see any residual. But one plot might build a house in the future.
Now I know what has happened in the past with such things. Mostly fleeced men. But this is not the case. Of course since we aren't married yet it'll have to be all in her name. And it's not too bad because she's willing to sell some of her gold to finance it as well, this isn't gold I bought her, it's gold she bought herself before we were together over a year ago.