Show Community Counseling Lots Lois An And d Home Building Sponsored by the South Davis First National Bank Dank in M cooperation cooperation cooper cooper- with the Davis County Clipper Send your question to South Davis First National Bank 1606 So Main St. St Bountiful Utah or to this paper Question Should I buy a lot Jot when it is unlikely that I will build within five years Answer Much depends on a location b chances of property increasing in value and c interest rates and tax tax- es LOTS IN a a new subdivision ma may decrease in va value e b because because be be- cause of aging of other homes and often taxes on new lots are very high Sometimes a contractor can buy the lot you want when you are ready to build at a savings to you of ten per cent or more Contractors usually are able to tomake tomake tomake make a better price on con con- v of a home when building building building build build- ing others in the same vicinity PURCHASING land for a ahome ahome ahome home site in an older built up area or in undeveloped area where development may be anticipated anticipated anticipated an an- in a reasonable time may more likely prove to be a good investment than to have havea a lot in a fast developing area where progress goes forward while your plans stand still It must be remembered ered that holding a lot Jot for five years while paying taxes and interest interest interest inter inter- est at 6 per cent can increase total cost by nearly Q per cent This must be weighed against prospective cost when building may go forward Do not overlook overlook over over- look the fact that five years hence you may have different ideas as to desirable location |