You have been vacationing on Martha's Vineyard for five, ten, 15, or 20 years and you have finally decided to buy your dream home. Martha's Vineyard is comprised of six towns each with its own set of building restrictions, guidelines and tax structure. The only thing constant (except for first time homebuyers) is the 2% Land Bank transfer fee on every sales transaction paid by the buyer.
Remember that different towns have different zoning bylaws that determine the size of the lot needed on the basis of the number of bedrooms. As Exclusive Buyer Agents, we can help you with the answers.
You may have read horror stories of the impossibility of acquiring a building permit. That crisis seems to have passed. Although prices are not going down, there are empty lots available, as well as well priced homes in every area.
If buying land, determine whether you will have town water or a well, and have the soil tested for a septic system. Because of possible zoning changes in the town, when you consider buying land, determine whether or not you will build immediately or hold the land for investment purposes. This could make a difference in your building plans.
Request my Free Martha's Vineyard Relocation Package. It's packed full of useful and important information about the Martha's Vineyard, Massachusetts area. Don't move here without it! Remember: I'll send it to you for free and without obligation. Just fill out the form and I will send it right out...