Looking for cheap land in the North Carolina mountains? It’s a good idea to know what “cheap” really means. Most of us think cheap means less money – lower cost. Another way to see it is lower cost for an item actually worth more. In other words cheap is best defined when it compares the dollars involved vs. the benefits received.
For example, if someone offers you a handful of dirt for 10¢ – that would seem cheap, however just look at the benefits you receive (or the lack thereof). On the other hand, if the Ford dealer offers you a new pickup with a retail price tag of $23,000 for just $3,000 – now that would be cheap. You get all the benefits of a brand new truck with many features, amenities, and -0- mileage for a fraction of the price.
What would cheap land look like? One example might be 100 acres of mountaintop with views to forever, a bold mountain stream, acres of rolling meadow, plenty of paved road frontage, abundant wildlife, high elevations and huge trees – all priced to you at a low $700 per acre. Now that’s cheap – but it “ain’t gonna happen!”.
In short, you get what you pay for. Want better features and amenities? You’ll pay more. If you’d be satisfied with a rough, steep land parcel on which all the trees have just been cut, at the end of a 2-mile long 15′ right-of-way with no power, the value would be minimal at best, thus it would also bear a low, or cheap, price.
Cheap, then, is not just a low price, but a property whose price is substantially less than the value offered by its features and amenities. Because the old adage that “there is no free lunch” is as true today as ever, it is highly unlikely that you will find a property that is truly cheap when compared to its true value. The owners of valuable properties do not tend to give away value for the fun of it.
If on the other hand, you are a “value” buyer, meaning you look for value that exceeds the asking price, you will occasionally find properties offering more value than the owner is asking in price. When you do, such property can also make an excellent future investment, far beyond the recreational use you may have intended for it.
When deciding on a price range from which to make your land purchase, first identify your financial abilities to make a purchase. in other words, how much can you actually afford. Then, once you have a dollar range in which to act, decide on the benefits you want to receive. Finally, narrow your search to 3-5 properties that offer you the best value for the money you plan to invest. Your final choice should, by then, be evident, and you can complete your purchase with enthusiasm and satisfaction!