So that’s one other thing we’re kind of torn about – do we let him put the driveway in himself and then charge us more for the parcel? Where we are, we’re caught between expanding Urban Growth Area and increasing land use regulations, so we’re not sure, if he doesn’t put the driveway in now and we bought it without it (we don’t need the driveway for it to have value for us), is it possible that if we wanted a driveway there in 10 years the land use regulations would have changed to where it wouldn’t be allowed at all? Or maybe they would be a lot less restrictive because it would be UGA then and the county would want to see it developed. If we wanted to sell it at some point but there was no driveway and no possibility of putting in a driveway, then I can’t imagine who would want to buy it.
So on the one hand, we’re thinking, let’s let him put that driveway in. He was going to bring the electricity down at the same time, and get the septic permit. If he does all that work, then the property has more lasting value. Also it’s possible that like @reinerspook said, he wouldn’t even get permission to do it. Better to let him find out. If it turns out that he can’t build the driveway, then maybe we make a lowball offer at that time. But if he got it done, then the work would be done we wouldn’t have to worry about permits for it in the future.
But on the other hand, of course he would pass that cost on to us. He thinks it would cost $100k to do that work, so in my mind that means probably more like $150k. And he’d want to make a profit on that, not just barely recoup his costs. It’s not worth it to us RIGHT NOW to pay that much money for a driveway that we will never use.
So that’s the other thing – do we make an offer now, with the property “as is” at a lower price but with possibly less lasting value, or should we wait and let him go through the hoops of doing all that work, and possibly not even being successful, but then us having to pay more?
The only sure thing is, we don’t want to see a house on that parcel.