Three Acres and Liberty by Bolton Hall
page 40 of 310 (12%)
page 40 of 310 (12%)
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Do not build unless you have to. It is rare that a building pays five per cent net on the value of the land and the cost of the house. "Who buys a house already wrought, gets many a brick and nail for naught." If, however, you can get a piece of ground in a growing neighborhood and live on it till you can sell at an advance, that is the safest, and surest of investments. It delivers you from the power of the landlord. Lastly--in real estate--don't bite off more than you can chew. Most of these rules apply to the purchase of suburban land. In farm buying, keep as close to your market as you can. See that railway facilities are all right; get land likely to be needed for other purposes. The best way to begin is by securing all information possible from state agricultural departments. Write to the industrial agents of important railroads traversing the section in which you want to locate. They have detailed information regarding land, markets, social conditions, etc.; get from the United States Agricultural Department a map showing the soil survey of the section of your choice. It must be borne in mind that personal aid is not to be expected from State Agricultural Departments, Bureaus of Immigration, railway companies, or any public agency. From the big farm agencies run for profit you can get lists of thousands of properties for sale. Some State Agricultural Departments cooperate with real estate men in their own states, by referring inquiries for farms to them. Some states issue from time to time lists of "abandoned farms," but these change so constantly that they help but little except in the way of suggestion. |
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