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Top Questions to Ask Before Buying Land for Your New Home

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A vast majority of people dream of owning a piece of land, and those who manage to accomplish that should really be proud of themselves because it is one of the most valuable things anyone can have in their possession.

Now, finding the right place for a block of land may seem like a piece of cake at first glance, but that’s actually not the case because there are a plethora of factors you need to consider before you purchase it.

But don’t worry. You are not alone in this. We talked to various experts in this field who decided to share some useful advice that will help you make the smartest decision as far as this is concerned. So let’s see what they had to say!

Focus On The Location

Before you take any further steps when it comes to this, you first need to think about the location. Ask yourself, what are your priorities in terms of location? Are you looking for an urban area, or are you more into regions that are far from the crowd and hustle and bustle? 

People who are in rural locations are usually the ones who yearn for some privacy. If that’s the case with you, then you should know that the best place to find rural land for sale are websites that will provide you will thorough listings of properties that are currently available. Out there, you’ll be able to contact home sellers who are selling exactly what you need.

Another question that you need to ask yourself during this process is whether you are looking to purchase a lot that is developed or something that’s entirely intact because you have to means to develop it according to your needs.

All these above-mentioned questions need to be asked before you do anything else because they will help you move in the right direction.

Size Matters Too!

Here’s another element that mustn’t be overlooked at any cost. So did you ask yourself how big you want your land to be? It all comes down to your personal preferences. For example, if you need property where you’ll be able to freely roam around with your dog without being disturbed by neighbors, then you should definitely opt for something larger.

Generally speaking, bigger lots are a great idea because they let you build various things, such as sheds, gardens, and other objects. Without a doubt, you’ll have lots of possibilities if you obtain a spacious land.

On the flip side, keep in mind that if you opt for this, you’ll be dealing with bigger upfront expenses, along with property taxes.

Think About The Future

We know that a lot of you are very excited about this entire process and you are probably going through a so-called “house fever” right now. What do we mean by that? It means that you are maybe smitten by a specific feature of the land you just laid your eyes on which leads you to overlook other aspects of it that might potentially be negative.

If you would like to avoid making any mistakes when acquiring a lot, just try to picture the area you’re interested in in five years, for example. What, if, for instance, there’s a railroad close to the property?

Would you be okay with all the noise (that’s inevitable) each time a train passes by? This is just an example. The whole point is to see the bigger picture and not make any rash decisions just because you liked only certain aspects of the land. You need to consider all of them or at least the major ones.

How Much Money Do You Have?

There’s no need to remind you that purchasing property is not a cheap thing. Wherever you decide to buy it, you will still need to set aside a certain amount of money for it. And that’s not everything that you’ll be spending cash on.

Don’t forget that you’ll be dealing with other costs that are related to it, like agency fees, legal fees, certificate of occupancy fees, survey plan fees, and many other things. All these expenses are part of each land purchase, hence it’s essential to first determine the amount of money you are allowed to spend before you pick any lot, otherwise, you’ll be forced to borrow additional cash.

The Quality Of The Soil

We noticed that many homebuyers fail to observe this element, but if you ask us, it’s among the most pivotal ones when it comes to this. Why is it so important? Namely, by testing the quality of the soil, you will ensure that you are not buying something that’s poor quality.

After all, since you won’t be building a home every day, you need to be one hundred percent sure that the lot you’re obtaining is safe in terms of chemical and physical characteristics. Remember that a fine solid composition is crucial when it comes to reducing the expenses of building a firm foundation.

Oh, And There Are Vital Permits

Even if you find the most perfect land in the world, you won’t be able to build anything on it unless you acquire the necessary permits. So be sure to obtain them, otherwise, no construction work can begin without them.

Now, there are various kinds of permits, and different regions demand different permits. What sort of permit will you need depends on the state and city where you plan to build a house. Furthermore, there are jurisdictions that come with very restricted requirements as far as permitting is concerned.

And then there are those that are way more extensive, demanding several permits for every single element of your project. If you would like to get your facts straight when it comes to this, then it would be advisable to consult the local building department and they’ll give you the right information.

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If you’ve never purchased a land before, then you may find all this information a bit confusing and overwhelming, but trust us when we say, that if you follow all these tips, you won’t make any mistakes during this process.

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