NEW empty island!!

i bought an island and i plan to resell/rent it. i am going to charge a monthly tier fee that is the same as what LL charges. what is going rate/sq m on beach front residential property? or should i sell it as commercial? im just trying to create the best possible atmosphere for my hopefully soon comming residents. also, i know that as an island owner i can take my land back at any time, but i want to have some sort of contract to make sure that the land tier is always paid. any ideas/suggestions? what size plots should i split this island into? my aim is Jatch660r if anyone wants to chat or has some useful info for me. thanks to everyone!

Don't know... but that's not the only factor.
Other important factors :
1) how much time/effort you spend personally managing disputes between neighbours and otherwise helping out running the sim.
2) the theme of the sim (the more themed the sim, and the more work you go to in order to find compatible people to live there, the more you can charge, as a rule of thumb).
3) The zoning of the sim (resident/commercial).
4) The lag (or otherwise) of the sim.
5) The location of the sim on the grid (being next to nice neighbouring sims is good).
6) Who you have running your sim with you.


Up to you.
Commercial sims to have fewer but bigger parcels, and be much higher lag.
Personally I would suggest waterfront -> residental... as residences tend to value waterfront enough to pay more for it in the way that stores tend not to.




IM me inworld, I'll give you a copy of my contract I use for my residents after I finish writing it (I aim to finish updating it today, in time for 1.12's release so I can set it as the covenant).



Personally I would suggest a 1024 minimum for residences (you don't want a bunch of newbies on your island), and a 2048 minimum for commercial areas.

Of course, the most effective way to know is to ask your prospective residents what they want, then give them that

Suggestions:

As Angel siad, waterfront is desirable. Also is the fact of not being hemmed in. If you can arrange the plots so all are along the outer edges, with a center "park" of some sort in the center, it might work out to your advantage. Place a few low-prim items for teh park with a nice theme. The reason I stress "low-prim" is that you can "sell" the prim allotments from any extra in the center to other renters if they desire extra prims for thier parcel.

Example: Person A rents a 1024 plot but needs 300prims (normal is 234 for 1024). Person A pays you X amount of L$ for the 66 prims they need.

I've seen this done, but was land that was grouped. With the new features in 1.12, I'm not sure if this will be possible, or prudent. Or even if it would be prudent for you even if possible.

Something to kick around in thought.

~Jessy

Oh... can you sell plots in island? I thought you can't.

Depends on your POV.
Island owners *always* have the right to 'reclaim' (transfer back to their sole ownership) any land on their island.

In short, when you 'buy' land on a private island, you are trusting the island owner not to keep your money and reclaim your land (which they can then resell).

Some people are bothered by this. I'm not, because I've never actually heard of an island owner doing this (the bad reputation they'd get would be so huge it could put them out of business!). I'm also not really bothered because ultimately most things we pay for on the internet are only there at the whim of their owners. SL could close tomorrow and because LL policy is that L$ have no value... we would not be compensated for our loss of... well, everything.

It's a trust issue really. The paranoid are going to worry about it, but most people don't bother, get on with it, and enjoy it

Personally I would suggest a 1024 minimum for residences (you don't want a bunch of newbies on your island), and a 2048 minimum for commercial areas.

Of course, the most effective way to know is to ask your prospective residents what they want, then give them that [/QUOTE]

Okay exactly what is wrong with newbies ? I happen to be one and I know you were once too... sounds a little offensive the way you put it. Oh and I read they are changing the rules on group owned islands . What do you think of that people? Good or bad and why?

Elinah

its just that most newbys want guns and free stuff... and it is annoying. imagine 1,000 of them running around bugging you every day...