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Old 06-24-2020, 10:49 AM
 
7 posts, read 2,325 times
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Hello guys,


I am planning to purchase small piece of 5 acre land in Tierra grande, NM for $4000.

Not for immediate leaving but for the future retirement. Want to know opinion on the area pros, cons and pricing.
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Old 06-26-2020, 12:35 PM
 
Location: State of Transition
87,865 posts, read 81,672,970 times
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You'll need info about the hydrology of the area (the climate here is getting warmer and drier, as a general trend; water recycling along the Rio Grande is already happening), study the water rights situation south of Albuquerque. Buying RE in NM, especially for use sometime off in the future, is all about water. What kind of water access are you allowed in Tierra Grande?

It can be a complex matter, OP. Make sure you'll have water rights, and try to get some projections forward in time, to try to foreseee how dependable the water supply will be, when you're planned retirement happens.
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Old 06-26-2020, 05:14 PM
 
Location: New Mexico U.S.A.
26,529 posts, read 45,276,932 times
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Quote:
Originally Posted by tony20 View Post
Hello guys,


I am planning to purchase small piece of 5 acre land in Tierra grande, NM for $4000.

Not for immediate leaving but for the future retirement. Want to know opinion on the area pros, cons and pricing.
I believe you are talking about Tierra Grande Association

Building in Tierra Grande
Architectural Control Process/Policy

Quote:
In 2019 The State of New Mexico passed Senate Bill 150 related to Homeowner / Landowner / Planned Unit Associations; Amending Disclosure requirements; allowing alternative dispute resolution to resolve certain disagreements related to these Associations; adding a penalty and broadening the applicability of the Associations Act 497 passed by the State Senate in 2013.

To meet the obligations of the HOA Disclosure requirements the Tierra Grande Board of Directors, approved the following Policies. The enforcement of which the Board of Director’s and the Protective Covenants assign to the Architectural Control Committee.

ARCHITECTURAL CONTROL COMMITTEE (ACC)

BOARD APPROVED: April 17, 2020

INTRODUCTION / HISTORY: On August 31, 2005 the Third-Party Administrators assigned by Horizon Corporation, the original developer of Tierra Grande, relinquished its control over TGIA’s Architectural Control Committee (ACC).

The Tierra Grande Improvement Association is assigned the powers of administering and enforcing the covenants and restrictions contained in the Covenants. A Resolution by the Board of Directors reaffirming its authority and control over the Architectural Control Committee pursuant to Sections 11 and 12 of the Protective Covenants was filed with the Valencia County Clerk on March 3, 2018 and with the Socorro County Clerk on March 12, 2018.

Per the Protective Covenants, the Board of Directors created an Architectural Control Committee, composed of three (3) or more representatives appointed by the Board of Directors of Tierra Grande annually which, shall among other things, have the authority to give approvals. The Committee shall function in accord with the rules and regulations and by-laws for the Committee as established by the Board. The rules and regulations shall among other things insure the existence and continuity of the Architectural Control Committee.
You can read much more at their web site: https://tierragrande.org/
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