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That’s awesome! Consider putting a conservation easement on the land so future owners also can’t develop it. https://www.google.com/search?q=conservation%20ease
by tectonic 8y ago
That’s awesome! Consider putting a conservation easement on the land so future owners also can’t develop it. https://www.google.com/search?q=conservation%20easement https://www.google.com/search?q=conservation%20easement
- CalRobert 8y agoThanks - though that appears to be a US concept? This is in Ireland and tbh its location makes development in the near future unlikely, though it's actually pretty close to rail... Given that there's a thatched cottage from ~1800 on the land it's already subject to a fair number of restrictions, incidentally, though those are all related to heritage.
- rootusrootus 8y agoI'm curious what that does to the value of the land. I'd guess it drops it dramatically; the bit of information I found sidestepped answering that question, just mentioning that you'd pay much lower taxes... which I suppose is a roundabout way of saying yes, it kills the value. That may not be a bad thing, of course. But definitely something to keep in consideration.