s10sakota
Well Known Member
I know some of you live on airparks, and it is my dream to live on one. There is an airpark not far from where I live now that would work perfect for me. I'll post a link to their website below, but it looks perfect (for me). It's an hour drive to work for me, and it's not out in the middle-of-nowhere like a lot of other airparks. That is huge to me as I want to be very close to stores and shopping.
At this airpark, as you can see on their website they had HUGE plans to build this into something very big. General aviation is all but dead in Michigan and with the economy the way it is, the airpark was never finished. In fact, I see that no new homes have been built since 2006.
The website lists the lots at $85,800 which is absurd, especially in the town of Fenton. Some of those same lots are listed on Zillow at $30,000.
So what I'd like to do is buy a lot now, and then save for a year or so and then build the hangar/home. I think I have all the bargaining power because nothing has happened on this airpark for 10 years and with the current lack of GA in Michigan, I don't see a lot of people interested in an airpark home anytime in the near future. I think the developers would jump at the chance to actually make some return on their investment and sell another lot.
Problem is, I have no idea what to ask when I call about the property. I guess some important questions would be: who plows the runway in the winter, what are the taxes, current plans for the airpark, is it well water?, are gas and electrical lines run?, etc...
I really don't know anything about real estate. So my question to you guys is, who do I call first and what do I ask? Should I call a realtor first or call the number on the website and get some general info first? What other questions should I ask?
What don't I know about airparks that I need to know??
Thanks!
http://www.horizonlakesairpark.net/index1.shtml
At this airpark, as you can see on their website they had HUGE plans to build this into something very big. General aviation is all but dead in Michigan and with the economy the way it is, the airpark was never finished. In fact, I see that no new homes have been built since 2006.
The website lists the lots at $85,800 which is absurd, especially in the town of Fenton. Some of those same lots are listed on Zillow at $30,000.
So what I'd like to do is buy a lot now, and then save for a year or so and then build the hangar/home. I think I have all the bargaining power because nothing has happened on this airpark for 10 years and with the current lack of GA in Michigan, I don't see a lot of people interested in an airpark home anytime in the near future. I think the developers would jump at the chance to actually make some return on their investment and sell another lot.
Problem is, I have no idea what to ask when I call about the property. I guess some important questions would be: who plows the runway in the winter, what are the taxes, current plans for the airpark, is it well water?, are gas and electrical lines run?, etc...
I really don't know anything about real estate. So my question to you guys is, who do I call first and what do I ask? Should I call a realtor first or call the number on the website and get some general info first? What other questions should I ask?
What don't I know about airparks that I need to know??
Thanks!
http://www.horizonlakesairpark.net/index1.shtml