Posted by John in Mich on July 16, 2020 at 05:55:47 from (98.224.238.10):
In Reply to: Deep Well Value posted by Tom in Mo. on July 16, 2020 at 05:33:21:
Not knowing the area, I would say a minimum added value would be the cost to drill a well at time of sale. Local zoning, codes and restrictions certainly play a part in land value. The biggie in land value is: location, location, location. Next, in my mind, is schools, shopping and proximity to medical facilities. When we bought our 6 acres in 1983 our 3 kids were still in school. We did not want to change districts so that narrowed our search area. We built our house in 1984. We wanted natural gas for heat. We wanted municiple water if we could get it. Why? Gas was (and is in my opinion) economical plus, we can get some heat if electricity is off. This was before everyone was buying generators (we have one now). Water has been constant. No electricity, no water. There was a 16" main in the road supplying 2 prisons to my west and then a Toyota Technical Center was added. Sewer: didn't want it and don't have it. We have been 36 years on a septic system. We have it pumped out and inspected every 5 years. Working great. Shopping and medical facilities are 4 and 6 miles away. When I was working, I had an 8 mile commute. Life is good.
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