Go Back   Winnipesaukee Forum > Winnipesaukee Forums > General Discussion
Home Forums Gallery Webcams Blogs YouTube Channel Classifieds Calendar Register FAQDonate Members List Search Today's Posts Mark Forums Read

Reply
 
Thread Tools Display Modes
Old 07-19-2021, 08:01 AM   #1
bigdog
Senior Member
 
bigdog's Avatar
 
Join Date: Apr 2006
Location: Central MA-Gilford
Posts: 1,409
Thanks: 304
Thanked 117 Times in 94 Posts
Default Property purchase questions ?

Contemplating purchasing land for investment, and have questions....
Looking at residential land.

What type of concerns should I be aware about ?
If I want to have land 'perched', how much is that cost ?
If I want to have a 'septic' design, how much is that cost ?
Is there a test that can be performed, to determine, how deep a Well
one has to dig ? Thinking some type of electronic sub-terrain sonar scanning could be performed ?

Thanks for your feedback !
bigdog is offline   Reply With Quote
Old 07-19-2021, 08:08 AM   #2
burgerunh
Senior Member
 
Join Date: May 2016
Posts: 90
Thanks: 4
Thanked 27 Times in 18 Posts
Default

Ledge, steep slopes, wetlands, access to utilities, zoning regulations.
burgerunh is offline   Reply With Quote
The Following User Says Thank You to burgerunh For This Useful Post:
bigdog (07-19-2021)
Old 07-19-2021, 08:30 AM   #3
Biggd
Senior Member
 
Join Date: Nov 2016
Location: Waltham Ma./Meredith NH
Posts: 3,733
Thanks: 1,952
Thanked 1,068 Times in 673 Posts
Default

Quote:
Originally Posted by bigdog View Post
Contemplating purchasing land for investment, and have questions....
Looking at residential land.

What type of concerns should I be aware about ?
If I want to have land 'perched', how much is that cost ?
If I want to have a 'septic' design, how much is that cost ?
Is there a test that can be performed, to determine, how deep a Well
one has to dig ? Thinking some type of electronic sub-terrain sonar scanning could be performed ?

Thanks for your feedback !
As far as a well is concerned I don't think anyone can honestly tell you how deep you have to go. You drill until you get a minimum amount of gallons per minute. If you happen to hit an under ground spring you're in luck. Otherwise, keep drilling.
This is a good time to walk the land. With all this rain you can see if it holds the water or if there is good drainage.
If it stayed dry through this deluge of rain it will probably perk very well.
Biggd is offline   Reply With Quote
Old 07-19-2021, 09:18 AM   #4
garysanfran
Senior Member
 
Join Date: Jul 2009
Location: San Francisco/Meredith
Posts: 1,488
Thanks: 602
Thanked 629 Times in 320 Posts
Default

If the neighbors have wells, the depth of their wells, which is recorded, my give you some idea.
__________________
Gary
~~~~_/) ~~~
~~~~~~~~
garysanfran is offline   Reply With Quote
Old 07-19-2021, 09:35 AM   #5
Slickcraft
Senior Member
 
Join Date: Mar 2008
Location: Welch Island and West Alton
Posts: 3,211
Thanks: 1,166
Thanked 1,999 Times in 913 Posts
Default

Quote:
Originally Posted by garysanfran View Post
If the neighbors have wells, the depth of their wells, which is recorded, my give you some idea.
DES well data:
https://www.des.nh.gov/water/groundw...well-inventory

Septic design and perc test: maybe in the $2k to $3K range.

As they say in the stock market "buy low, sell high". Right now you would be buying high with almost no inventory. Most all good lots are gone.

Last edited by Slickcraft; 07-19-2021 at 10:37 AM.
Slickcraft is offline   Reply With Quote
Sponsored Links
Old 07-19-2021, 09:42 AM   #6
NH.Solar
Senior Member
 
NH.Solar's Avatar
 
Join Date: Jan 2017
Location: Jackson Pond, New Hampton
Posts: 210
Thanks: 37
Thanked 128 Times in 69 Posts
Default

How big a lot is it? and if over ten acres is it all in current use? Taking property out of current use can be very expensive, 10% x ad valorum (average recent selling price of a buildable lot). So if you buy 12 acres of current use land and wish to take just one out to build on, and the average selling price for a one acre lot in your town is $100,000, you will need to pay $10K as the current use penalty.
I'd also suggest being very aware of any existing or proposed 501c3 developments as they adversely affect the town tax rate. In New Hampton for example two of the larger land owners are the State of NH and New Hampton school, and neither contribute to the towns tax revenue, but both add a fair amount of expense.
I was told by my last well installer that the push of the glaciers can have some bearing on well depth. As the glaciers pushed down from the northwest they would scrape till from the NW slopes of the hills and drop quite a bit on the SE downsides. So if you are going to be on the NW slope of a hill your well might prove be much shallower than your neighbors on the other side of the hill. Makes sense to me because my lot has a southwest slope and my well needed 170 feet of expensive casing before the bit hit solid granite. My neighbor only a few hundred feet away across a ravine and on a NW slope hit ledge almost immediately and only needed a 60 foot well as opposed to my 270 foot well.
__________________
Peter
NH Solar
NH.Solar is offline   Reply With Quote
Old 07-19-2021, 09:42 AM   #7
Onshore
Senior Member
 
Join Date: Apr 2004
Posts: 500
Thanks: 12
Thanked 400 Times in 143 Posts
Default

You might find the information available through the NHDES Data Mapper helpful. https://nh-department-of-environment...ub.arcgis.com/
Onshore is offline   Reply With Quote
Old 07-20-2021, 06:10 AM   #8
Asloren1
Junior Member
 
Join Date: Sep 2020
Posts: 13
Thanks: 14
Thanked 7 Times in 5 Posts
Default Hire a Survey Engineer

Strongly suggest you hire a survey engineer. They will be able to assess the full piece of land for things like wetlands, setbacks, potential septic and well locations, potential ledge, and most importantly potential building envelopes based on the size of the property and those factors.

We purchased a large piece of land on the lake last year and went through a 6 month Pre-close process to confirm we could do what we wanted - including subdividing the land and getting through town approvals for that.

You definitely want to confirm you are not buying a “turkey” that you will be stuck with and not be able to do what you intend with the land
Asloren1 is offline   Reply With Quote
The Following User Says Thank You to Asloren1 For This Useful Post:
bigdog (07-20-2021)
Reply

Bookmarks

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On

Forum Jump


All times are GMT -5. The time now is 11:21 AM.


Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2024, vBulletin Solutions Inc.

This page was generated in 0.22515 seconds