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We may have the opportunity to move to a new state in 2022. Looking at real estate in the area where we would move, nothing has us excited - and we're sick of living in suburbs - so we're considering buying land and building. We wouldn't be able to afford a true homestead, but could get at least 1-2 acres.

Has anyone here bought a plot and built a house before? Any pitfalls to look out for? Would you build again or buy in the future?

We may have the opportunity to move to a new state in 2022. Looking at real estate in the area where we would move, nothing has us excited - and we're sick of living in suburbs - so we're considering buying land and building. We wouldn't be able to afford a true homestead, but could get at least 1-2 acres. Has anyone here bought a plot and built a house before? Any pitfalls to look out for? Would you build again or buy in the future?

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[–] • 4 pts

Until an eviction moratorium comes along...

[–] [deleted] • 1 pt

It’s a risk, but if it happens you can write it off as a loss on your taxes. I’d love to get a $20k - $30k deduction.

[–] • 4 pts

Depends on your taxes. I can get a ten zillion dollar deduction and all that's going to get me is about $5,000.