3 Steps To Take Before Buying A Piece Of Land
Posted on: 3 February 2018
Buying a piece of land can be a lot more complicated than buying a lot with a house already on it. Here are three steps to take before buying a piece of land.
Make Sure To Find Out What Restrictions Apply
One of the most important steps to take before buying a piece of land is to make sure to find out what restrictions apply. For example, you will want to look into any codes or ordinances that the city or county may have as to the size of the house you can build, the style of the house you can build, and how far back from the edge of the property the house has to be. Additionally, if your home has any waterfront areas or if you have any wetlands on your property, you may find that you have to keep your home and any other construction well away from the edge of the water and the wetlands.
Make Sure To Look Into The Cost Of Adding Infrastructure
Additionally, you should look into the cost of adding infrastructure if the vacant piece of land that you are considering is located in a remote area. In such a situation, you may find that the property itself does not have access to a road or any of the standard utilities.
As a result, being able to build a home on that property can get quite costly due to the expense of having that infrastructure extended to the vacant land. The last thing that you want in that situation is to buy the land and then find out that you do not have enough room in your budget to actually get a road built out to the land, or to have power lines and water lines extended to the property.
Make Sure To Have The Property Inspected
Finally, it is a good idea to make sure you have the property inspected before buying any piece of land. The reason for this is that an inspector who is looking at a piece of vacant land will perform a series of tests to determine the quality of the environment in that area.
For example, one of the things that they will look for is if there were any environmental spills or contamination that may have been the result of previous tenants or structures that were built on the property. This is very important because this could mean that you are not able to actually build on that property, you may be restricted as to what kind of use the property can be put to, or you may have to spend a lot of money to clean up the environment before you can actually use the land.
Buying a piece of land for sale can be a fantastic option if you want to build your dream home or simply want to get away from a busy city to build your home. Some of the steps that you should take before buying a piece of land include making sure to find out what restrictions apply, making sure look into the cost of adding infrastructure, and making sure to have the property inspected.
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