Looking for land investment/future retirement (Albuquerque, Las Vegas: real estate, home, hospital)

[mmarch]

I am looking to invest in some land (5-10 acres) to build a home for our future retirement. I live in New Jersey and plan to visit New Mexico in the near future. Right now I need some advise on where the best investment would be to purchase land and hold onto it for 5-10 years. Any suggestions or advise would be greatly appreciated. Some of the areas I have looked at online are Magdalana, Soccorro, Grants and Ramah. Thanks

[BrianH]

Land is pretty cheap in the Clayton Union County area. There is some big development coming in a year or so, so now is the time to buy before the prices go up IMHO

[Crackerjack]

Four places come to mind for real estate value. One is Edgewood, NM. It is growing and will continue to grow because it is near ABQ and has all the pretty mountain scenery, but be sure you have property with a good water well. Two, Silver City is becoming a popular retirement city, so it will hold value really well. Three, Ruidoso has been and will continue to be a popular place to visit, live and retire. Four, Cloudcroft is a popular place and it is still small. I would caution on Ruidoso to buy land not covered in pine trees so thick as to be a fire hazard. It can have droughts and could be in a fire, so I would go more for open or pasture land and maybe some trees. There are others but these cities are a good place to start.

[meflyfish]

Just bought 10.6 acres 18 minutes from Super Wal-Mart in Silver City for $50K.
Where in the US are you gonna find a deal like that???
Silver City is a wonderful place for retirement.
Was surprised to find gourmet resturaunts at reasonable prices. Great small town.
Building costs are very reasonable.
Check it out!!

[tomcat]

I love Deming nice small desert town.just bought 5 acre cornor lot with beutiful easterly views of Florida mountins,just 5,ooo dollars.to get power to lot will cost 5,ooo from pnm electric.Deming is just being discovered. city leaders understand this enacting ordenance 37, building restrictions/covenents.minum of 2 acre to build.Deming is a retirement haven,attracting many to small town living modern medical facilityin mimbress hospital offering a wide spectrum of services.Many things to do and see museums art gallerys nice restrunts gereat food.nice helpful frendly people mexico only 33 miles away offering low cost scripts. shopping and great food.in local paper a Texas developer is ready to build a 10 expandable to 14 bowling lanes and 4 to 6 screen theater/sports bar complex. new munisable buildinge posied or growth a super investment dont wait too long........

[sanjon]

Check out eastern NM. Big development going in at Ute Lake - Logan, NM at the lake. Land in this county is cheap, taxes are low and great opportunities. Great place to live.

[Siouxlander]

Originally Posted by Crackerjack

Four places come to mind for real estate value. One is Edgewood, NM. It is growing and will continue to grow because it is near ABQ and has all the pretty mountain scenery, but be sure you have property with a good water well. Two, Silver City is becoming a popular retirement city, so it will hold value really well. Three, Ruidoso has been and will continue to be a popular place to visit, live and retire. Four, Cloudcroft is a popular place and it is still small. I would caution on Ruidoso to buy land not covered in pine trees so thick as to be a fire hazard. It can have droughts and could be in a fire, so I would go more for open or pasture land and maybe some trees. There are others but these cities are a good place to start.

I'd pick Edgewood, too. It's close to Albuquerque without actually BEING Albuquerque.

And no offense to user "Sanjon" but she's a bit of a one hit wonder. I know she's lauding her town for the benefit of her town, but avoid the East at all costs.

[GregW]

Look for farms/land east of Las Vegas. Whole sections (160 acre) are available.

[Cathy4017]

Originally Posted by GregW

Look for farms/land east of Las Vegas. Whole sections (160 acre) are available.

A section is 640 acres.

[GregW]

Sorry, I meant quarter section. BTW - for the rest of you - a section is one mile square or 640 acre.