No matter how big or small your lot is, your property borders something owned by someone else.
Unless it is an island. So when something bordering you comes up for sale, should you buy it? To add to whatever you own and gain space, more elbow room. Or to remove a less than desirable neigboring property situation.
The guy up all night banging a hammer and running grinders doing auto body work or his kids screaming their lungs out like banshees.
And don't forget the barking dogs, three of them that makes you wonder how can the owners be sleeping when you can not bag some ZZzzzz's from the bow wow racket outside your bedroom window?
The neighbors don't mow their lawn next door, they hay it once a year or a flicked cigarettes burns the tall dry grass out front. Keep your home owner's fire policy in force and hope the winds don't shift your direction when the blaze ignites. By accident or on purpose. Nice collection of carsand trucks on blocks to make it easy to give directions to your place. Just look for the junk yard next door, can't miss it.
The multi unit slum lord apartment rental home where everyone comes and goes. Using the place like a flop house. Garbage piling up and blowing, spilling over into your side lawns. Greeting you outdoor in the driveway. Like the droppings from animals that have never been on a leash or don't know what a yard line and collar look like.
Activity next door to home sweet home or whatever you worked hard to buy and preserve can interfere with the quiet enjoyment.
Can hurt the value and hold down property sales price if you decide to move along and your real estate situation changes. You find yourself in a new life transition and need to replace the place. Maybe get down to one floor, smaller living or heading the other direction.
To add to the square footage, bedroom and bath count in your current home sweet home.
Whatever borders you can be a gem and the price you get to buy it for can turn into one neat investment opportunity. That happens right under your nose and can be missed if not noticed or acted on before you hear the disel new moving van backing in with a beep beep beep as the old neighbors wave good by and drive away.
What to consider if it happens. Read the full article on Should You Buy The Property Next Door To You?
Buying, selling, trading, MOOERS REALTY is here to help you make the purchase or sale, exchange.