4 Things To Be Aware Of When Buying Land For Sale

About Me
Simplify the Selling Process with a Real Estate Agent

If you're interested in putting your house up for sale, you first need to decide if you're going to sell the house on your own or if you want the help of a real estate agent. Some people do sell their homes without any assistance, but working with an agent simplifies the entire process for the seller. In this blog, you'll learn why it's a good choice to speak with an agent to list your house. We aren't connected to the real estate industry, but we have learned the importance of having an agent by our side. The articles you'll read on this site will explain the duties of an agent, such as advertising the property, filing the paperwork and staging the home. The expertise of a real estate agent can make this process more profitable and less stressful for sellers.


4 Things To Be Aware Of When Buying Land For Sale

28 June 2023
 Categories: Real Estate, Blog

Buying land for sale is an investment decision that should never be made without thoroughly understanding all the facts. Every prospective land buyer must consider a few key points before putting any money down on a potential piece of property. It is crucial that you and your buyer's agent do your due diligence to find the right piece of land that meets your requirements and budget. Here are four essential things to know before purchasing land for sale.

1. Zoning

Before purchasing land for sale, knowing the zoning regulations for that parcel is essential. Many jurisdictions have specific zoning regulations that impose strict guidelines and restrictions regarding property usage. For instance, the zoning code could dictate the type of construction permissible in the area, the maximum height and number of stories for a building, and the minimum lot size requirements. Always make sure you are aware of these zoning regulations, as they could have a significant impact on your intended use of the land. Do not assume they are the same as the neighboring house or property.

2. Access

When looking for land for sale, consider how you will access the property. Purchasing a landlocked parcel could hamper your ability to use the land. Unless you have a helicopter, you need a legal easement. In other words, you need written, legal permission to drive over the neighbor's land to get to yours. Again, do not assume that just because the previous owner did so that you will continue to have permission. You need it in writing.

3. Physical Features

It's essential to consider the physical features of the land. For example, if a property is steep or hilly, building on it may be costly. If the land features a creek or pond that is attractive to look at, it may also raise the water table, increasing the risk of flooding, which may limit you to building within a smaller footprint than you anticipated. Before buying any land for sale, understand all the intricacies. Steep hills, high water tables, and soil makeup must be considered when planning a building project.

4. Rights of Way

Always be aware of any rights of way on the property for sale. They provide others the right to cross or use portions of the property for specific purposes, like utility installation. These rights of way can limit the use of parts of the property or make it impractical to develop all areas of the property. In other words, you may have to mow the grass, but the electric company is calling all the shots. Be sure to fully understand any rights of way before you buy land for sale.

Purchasing land is a complicated process that requires a thorough consideration of many factors. Whether you're acquiring the land for personal use or investment, these tips can help guide your buying decision.

For more information on land for sale, contact a local realty group.