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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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[–] • 2 pts

It will be an asset that grows in value.

Assuming a lot about the market there. Maximally leveraged investment in real estate is not a guarenteed win.

[–] [deleted] • 3 pts

Very true. But real estate and property is historically one of the safest investments. And the tax breaks are retarded; they’re written by rich people for rich people.