Hmmmm....how to go about it...

So...as I'm a builder, and whatnot, I've always had this thing for the idea of owning my own private island. Would rock.... but I know it costs a helluva lot, and I know I don't have that money.


However.. I do have 10km of land. I've figured that if I sell all of my 10km of land, then I should have enough to cover the majority of the island cost, and pay the rest out of pocket. I think. (Now that the cost has gone down..err..is..going..has..is..whatever)

After that, I could rent out say..I dunno.. 1/3 of it, and have them pay tier to me, and use that to pay most/part of the island tier. That would leave me plenty of land to be happy, and yeah.

All 10km of my land are connected, on a single mainland sim. I'm wondering, if I decide to follow that route, what would be the best way to get maximum return on my land. Would selling it as a single 10km plot be best for me in price, but slowest? Or would it actually be worse than selling say 5 2048m plots?

I've honestly never sold land for profit before, and this would be the only time I plan to (Aside for the renting of any island purchase), and so am unsure on what current pricing is like on mainland, and what methods to selling it would be best.

I want to be able to get the best deal I can essentially, and sell the land for as much as I can in a generally short amount of time.

Essentially, I'm asking land pricing information, and land parcel size strategy, for mainland.

Any help or information would be greatly appreciated.

So many factors go into pricing like location etc.

BTW when you rent that 1/3 sim let me know.

It depends if you want to go with what's easiest and fastest or to maximize profits. The easiest thing would be to sell the whole thing at once to a land broker or set it for sale cheaply so it show up high in Search.

But to get the most return, you have to act like a broker and carve it up to sizes that will increase the number of people interested....1024 or 512. But then you have to wait for the various parcels to get sold off.

What is the terra like? Green in a nice sim? How are the neighbors? Any ugly ads or builds nearby?

Also, be aware that your timing is not great as far as selling. LL is preparing to dump a ton more sims on the Grid, which will be lowering prices and interest overall.

The first thing you should do is IM the neighbors and see if anyone is looking to expand. And be sure to place a thread in land sales when you are ready.

Sure thing, but no guarantees at this point lol... recently a good friend got a sim, and it's really making me want one.. more than usual, which is alot anyway.

Anywho, I guess a bit of location info might help?

The sim is Sliderule (Whenever SL comes back up), and the land borders partially on a public park-like area that extends along the side of the next sim south. There is one 512m plot almost surrounded by my land that's kinda ugly though..floating house parts, the owner hasn't been on in months. No real ad farms that I can think of, the neighbours are good people, and it borders on a sim to the East, though the parcel immediately there has access restricted, and is a spanish-speaking escort's place (Not sure if it's home or business)

=P theres mah land in a nutshell

And I know my timing isn't great, but I figure now I can get better prices than when they do dump in the new sims.

That 512 might hamper the sale a bit, but otherwise it sounds lovely. Maybe contact Sarah Nerd or Skye Whitcroft and get their expert opinions on what a good selling price will be.

/me nods "I tried to buy that 512 when I was expanding a few months ago, but they never logged in, and never replied or anything..that's the only bad bit about the land that I can think of though.

And thank you ^_^

One last thing to keep in mind: Be sure you can afford the monthly tier if you go for it. It's a lot of money every month. It would suck if six months down the road it no longer fit your budget and you with you had your mainland and old tier fees back.

That's where the renting out a third of the island comes in. I know how much I can afford monthly, and I figure that renting a third of the island should be able to cover the rest of it. Of course, that depends on the tenant sticking around, but there's always a market for good private island land.

The main thing I'm trying to figure out at the moment is kinda an average L$/meter sell rate, to see how much I'd need to cover of the initial set-up fee from pocket. That would dictate when I can buy an island if I go for it (Save for a month or two if need be, to stay in budget).

Like if I can get 8L$/meter I'd have to pay around 700 USD from pocket. 12 L$/meter, only about 500 USD from pocket, and so on so forth. It's been so long since I bought land that I literally have no idea what pricing is like at the moment. To pay for the entire set-up fee with no pocket money, it'd be around 30 L$/meter, which I'm pretty damn sure isn't gonna happen any time soon, but I don't know how much I can get..so.. just trying to figure out the basics at the moment, to make an educated guess as to whether it's even plausible with my budget.

ETA:: All pricing is based on the LindeX selling L$ rate. The numbers above are random, except for the 30 L$/Meter which comes out to just about 1,060 USD, which I found to cover the entire set-up fee. All others are random numbers chosen because they sound good on paper.

Added Note:

I'm aware of the economic statistics page, which lists average L$/Meter for march as 6.2591. I, however, know that there is always a lot of land being sold very cheap, and changing owners for 1 L$ for an entire estate, etc., it's part of what happens in Second Life. Therefore, I do not trust the economic statistics page to give me an accurate estimate.

If you want an accurate estimate of what land is *currently* selling for, you can contact one of the land people mentioned above (Sarah or Skye) and another thing you should do is look at the land for sale list under "search" and filter by mainland. Unless your land is spectacular I wouldn't expect to get much more that 8/sq. m, as of what I saw yesterday and even that may be a high estimate.

/me nods "I'll be contacting one of the two later in all likelihood, once I'm at home and can really pay attention"

At the moment I'm at school and just trying to get thoughts around it all, if that makes sense ^_^

And thank you for the 8 L$/meter bit, I was expecting somewhere around there, but of course, hoping for it to be something like 500 L$/meter

If you're in school I would highly recommend against getting an island.

Tenants on the island will come and go, and unless you can absolutely guarantee that you can afford $295 (or whatever private island tier is these days), you'll get it yanked when you can't pay it. $295 is a lot of money for a student to come up with each and every month; do you have a full time job that lets you put aside that sort of money every month without hurting for it?

Just sayin... I'd seriously think about it. It's not the initial cost, it's the monthly tier.

I happen to be lucky enough to be one of two computer technicians in the area who makes service calls to homes, and that alone ends up with enough money to go for tier, but I do like to save what I can. I could afford the tier myself, but wish to rent out part of the island if I buy one so that I can still save.

I try to be good with my money

/me nods

Last week before the announcement, the base price was 8.4 a meter. It dropped to 5.5 on the news that the sim dump is coming. It's been climbing back steadily since then and is currently at $6.8 per meter for the cheapest crap land. So you should be able to get $8 a meter for it and still sell quickly.

The only way to get $30 a meter would be if you had someone desperate to buy in a particular sim. The most I ever got was $20 a meter for pristine old sim waterfront on the rare mainland island of Carlisle.

If I could get 30 L$ a meter that would rock lol..but I'm totally not expecting that, that would be paying the price of an entire island for about 1/7 of a sim.

I'll check with my neighbours though, see if any of them would like it, and if so, what they'd be willing to pay. I know that the park area is continually expanding last I knew, so that may be a good bet. I do try to be nice to people o.o

You'll need to get over that if you want to be a good land baron.

Baroness, thank you very much