Here are some pictures roughly representing the before and after conditions on the riverfront lots that I improved. The first photo shows an eroded bank after clearing operations had already commenced. the bank was covered by brush,trees and debris. Here the trees have already been removed and the brush and debris are next.
Later the embankment was regraded, seeded and mulched. The mulch placement was underway at the time this photo was taken.
Sale price one year ago: $67.5K for each of two lots.
March 2007 appraisal: $110K each.
Net gain in equity: ($110K - $67.5K) X 2 = $85K (less minor transaction costs)
Cost of clearing, debris removal, grading, seeding and mulching: $0 I got the owner to do it as part of the initial sales transaction.
Now for the fun part: I have broken ground on a riverfront cottage to be built on one of the lots. I am really looking forward to drinking that first cold one on the back porch while listening to the rapids.
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Hellbender
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