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Old 05-09-2012, 12:45 PM   #1
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Should I buy land near Virgina Beach, VA ?

My wife and I had an idea to purchase some land (1 acre) near Virgina Beach, VA. We would use the land to park our RV when on vaction. Then when we retire in 20 years either sell it or build a house on it. We would also let our family members use it for their RVs too.

My questions are:

Is it possible to get land within 5 miles of the beach that has no (or very low) fees ? (HOA, POA, Sewer, Water, etc) We are looking to spend $40K or less.

How much would it cost to install a private well and private septic system ?

If there is a rule against mobil homes, does that mean we cannot park an RV there for a week ?

Is this a stupid waste of money rather than an investment ? I think property prices are pretty low right now.

Thanks for any advice you can provide.

Bean
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Old 05-09-2012, 01:01 PM   #2
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I'm figuring you meant to type Within 5 Miles of the Beach. You need to figure approximately where the location will be and look up on line the prices of land for sale in that general area. Then there's zoning regulations, which will be the biggest hurdle for what you want to do. Look for realtor around that area and they should be able to help you find out the information you're looking for.
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Old 05-09-2012, 01:03 PM   #3
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Can't help much, but I'll offer this, make sure you get your questions answered. For 40k, I doubt you can get within 20 miles of Virginia Beach. Make sure you can get water, power, and sewer. Make sure can park a RV, not mobile home. Some places let you park a mobile home, on blocks, axles removed, and underpinned, so make sure of what you are asking. Don't mention fiends and family using it, then it might become "rental" property. Make sure of the taxes, can you afford them every year. Who is going to mow when you aren't there? Can you get hurricane and flood insurance on your RV?

Now another thing, if you leave food in the fridge, and the power goes out, what happens?

Not trying to take the wind out of your sails, but I kept my camper 125 miles away, on private land, full hook-ups. It was nice, and it was a pain. Never enough tools. Always planned one more wee-end in the fall, just to have to leave work and make the round trip to winterize. Having to go and mow, check after storms........etc.

You should start searching the internet for Va. Beach, see if you can find some of the city ordinances as for buildings/housing. Also get in contact with a realtor, and see what might be available.

Good Luck.
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Old 05-09-2012, 01:54 PM   #4
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Windrider,
We are not planning to leave the RV there. Just use the land and servies for a vaction week. So the RV would only be there for 1 week per year.

Bean
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Old 05-09-2012, 03:20 PM   #5
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Not leaving RV there? Sorry, I misunderstood. Thought you would be leaving RV there for others to use. Definitely cheaper just to camp in a campground. Water sewer, power, are going to cost at least a minimum per month, if you leave them on. If not, there will be a connect/disconnect fee each time. Even leaving utilities on 6 months of the year, still will get to be pricey. I did talk to my neighbor who had a well put in last week. $10 per foot, plus casing, plus $450 permit. Got lucky, only had to go 200 feet, about $5000.

Good luck with your decision.
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Old 05-09-2012, 03:46 PM   #6
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Bean,
Let me make sure I read this right. You want to buy an empty lot near Virginia Beach, keep it undeveloped and camp on it periodically for the next 20 years?

If that is the case, I think you also need to ask yourself what your neighbors are going to think of that? I assume land that close to the beach is not in the boonies but rather in a fairly developed area or a neighborhood with houses already trying to hold their own value.

Whether or not its a good investment is a problem. No one knows the property values and appreciation/depreciation as well as the locals. I assume you know the area so you might talk with them.

I'd imagine you will run up against municipal restrictions for what you are trying to do. Maybe if you bought in a mobile home park, or bought a permanent spot at a campground designed for this, or in the boondocks.

I know plenty of people who go the boondock route but its nowhere near a desirable spot like Virginia Beach.

Just trying to be realistic.
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Old 05-09-2012, 04:03 PM   #7
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Look the guy has dreams.
Not our job to drown him in cold water.
Reality just sucks sometimes.
Dreams are so much better.

I have a neighbor who is 63 years old and still dreams of quitting his job and starting his own business. He has no retirement savings and will need to work for someone till he dies. I always look at him and nod my head when ever we get "tuned up" and the subject (inevitably) comes up.
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Old 05-09-2012, 04:19 PM   #8
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Call me "dream crusher"

Actually, I'm going to be really jealous when Bean comes back and tells us he figured out how to make it work.
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Old 05-09-2012, 04:58 PM   #9
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Quote:
Originally Posted by Triguy View Post
Call me "dream crusher"

Actually, I'm going to be really jealous when Bean comes back and tells us he figured out how to make it work.
I, too, will be kneeling at the feet of the master...
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Old 05-09-2012, 05:11 PM   #10
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"TUNED UP" IM IN! Put me in coach!
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