At this point, i am still mulling over my options regarding the land or custom home site I bought in Cave Creek Arizona several years ago. The property is approximately 2.5 acres and sits on hill top near the end of Spur Cross road. Its a beautiful piece of land in the high desert (Approx 2,500 ft elevation- 10 degrees cooler than Phoenix) that offers 360 degree views , that would maker an ideal setting for a large custom home with horse privileges. Its located very close to the Spur Cross conservation area and National forest land, so it offers easy access to miles of hiking and horse trails in the beautiful (and permanently preserved) desert mountains behind it.
My dilemma at this point is I still have not decided whether i am going to build a custom home next year using the owner building consulting services offered by Cash Value Homes, hold the property longer as an investment, or put the property on the market for sale ???? As a lot of people are aware, real estate prices have been dropping off recently from the heady days of 2005,including the average price of residential home sites in the Phoenix metro area....
Saturday, September 8, 2007
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2 comments:
It looks beautiful! Let me know if you decide to sell.
If you decide to sell make sure you price it high because it is a valuable property and is not effected by the average real estate market. Someone with real money will want to buy this.
If you decide to hold off and develop the property you are about 1 to 2 years out. So now is the time to consult with an architect like Diane at Sketch Architecture
By the time you are ready to build the bids should be very competitive because contractors will be looking for work.
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