Donated Land

[Chris Rust]

The residential log adjacent to one of our properties has been donated to us by the bank. The house on the property has been condemned and is scheduled for demolition due to a series of issues not the lease of which is black mold, the house has been deemed a health hazard.   So by they time we own the property, the lot will be vacant. 

Houses in the area typically are valued around $50k, so there is huge risk in building a new house due to the costs involved.  We're looking for options.  We are looking for ways to increase the value of the property, whether we combine the two lots into one package, or find a good way to build on the property.  

Open to suggestions here, right now our best idea is to create a large yard and fence the two lots together.  I'm sure there are better ideas out there.  

Thanks in advance everyone!