After 3 weeks of lawyers straightening out things with the paperwork on the vacant lot, we finally closed today. It turns out that the Seller had inherited the lot, but that his lawyer hadn't recorded all the paperwork that he was supposed to do. Needless to say, I'm just glad to be done with it. Even though I overpaid for the lot by around $1,500, in the long run it'll all be worth it to add value to my property.
Next up I'll need to get estimates for a full paving of the lot (and in the process see how much zoning work/planning needs to be done before I could eventually pave it). Depending on the cost, I could just do gravel for now and wait to pave until later after it's been compacted or I might go ahead with paving if it turns out to be cheaper than I'm thinking right now(doubtful). Never know unless you ask though.
Friday I'm scheduled to have my neighbor the electrician come down and check my systems out. I've already been told that the building's electrical capacity is low, but until it gets a solid look over, I won't know for sure just how much needs done. There are multiple legacy systems hanging from the ceiling in the basement, which even included unused (thankfully) knob and tube before I took it down. Going though and gaining a better understanding of the electrical systems in my building should be quite the education for me and I'm looking forward to it.
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