Cheap Property for Sale - Examples and Ideas
By Steve Gillman
With or without a house this website is all about cheap property
for sale. Of course there are different kinds of real estate
that you might want to get at a low price. So let's review some
of the possibilities and why they are inexpensive. But first
let's look at the pages with updated in 2012 which have examples
of specific properties for sale.
The Cheapest Homes in 2012
- Examples of what's available in dozens of places.
Waterfront Properties
- Land and homes; 2012 examples for less than $100,000.
Tiny Houses - Some of these
are less than 100 square feet ( no joke).
Alternative Housing
- School busses, houseboats...
Cabins for Sale - Cheap
- Examples from around the country.
Cheap Land for Sale
- Some examples from around the country.
Other Pages
We put this site up in 2004 after my wife and I traveled the
country in 2002-2003 looking at affordable places to settle down.
Many examples we first put on the site were no longer so affordable
by 2006. Our own $17,500 home in beautiful Anaconda, Montana
would like have sold for at least $75,000 by then (alas, we sold
it for $28,000 five months after buying it). Despite the name
of the site, we eventually expanded the focus to homes under
$100,000, and added pages with examples of towns where those
homes were available.
Recently I've had to update those pages again to reflect the
lower prices that are once again available thanks to the real
estate slump of the past few years. Here are some of the pages
with both original and new examples of towns with cheap homes
and property for sale:
Anaconda, Montana - Our
own story from 2002; the inspiration for this website.
Where to Find Cheap Homes
- Places with houses under fifty thousand dollars.
Cheap Houses: More Places
- Homes for less than $30,000.
Canon City Real Estate
- A bit about our recent home town.
The Most Affordable
Places to Live - Originally a page devoted to towns with
homes under $125,000, this has had to be updated because some
of these same towns now have much cheaper houses.
Cheap Property for Sale: Other Considerations
There are a lot of thing to consider when looking for cheap
real estate. If you are investing in rentals, for example, you
need to know not only whether you can find cheap units, but whether
there is sufficient rental demand to keep them full and rental
rates high enough to provide positive cash flow. If houses don't
work, consider mobile homes on property. They often rent for
nearly what a small house gets while costing less than half as
much.
You can find all of the pages on real estate investing (including
the latest on where to find cheap income properties) here: Investing in Real Estate.
If you are looking for land to hold for a while, you have
to consider the property tax rates where you are looking. Property
taxes are very low in this part of Colorado, for example (around
Canon City), so it costs very little to sit on a piece of land
for a long time. In other areas most of any gains you get can
be eaten up by the taxes paid each year.
If you are buying a home for yourself, you have to look at
all the costs of owning it. Only then can you fairly compare
it to other homes and other areas. Here in Canon City, for example,
we pay about $550 annually on a home worth $150,000. Where we
used to live in Traverse City, Michigan the same home would have
property taxes of about $3,000 each year. Look too at the cost
of utilities and insurance for various houses, as well as commuting
costs if you are considering getting a cheaper home by living
further from work.
There is a lot of cheap property out there as of early 2012.
Houses, land, lots, apartment buildings, vacation homes, condos,
and commercial property have dropped in price in most parts of
the country in the last few years. Consider this a once in a
lifetime real estate sale.
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