I sell a lot of vacant land and there are things you need to know. Hopefully this will prepare you for your purchase of land. This is not a comprehensive list but this will help aide your decision!!
1. Location – The old adage location, location, location has been worn out. But wait, we’re talking about YOUR money. You might be buying that tract of land to retire on but plans can change. You have to be cognizant of the fact that you might have to resale. Value and demand are primarily determined by location.
1. Location – The old adage location, location, location has been worn out. But wait, we’re talking about YOUR money. You might be buying that tract of land to retire on but plans can change. You have to be cognizant of the fact that you might have to resale. Value and demand are primarily determined by location.
2. Utilities
– What utilities are already available. You will need water, sewer (or stepic
tank) and electricity. If these are not in place, talk to the right people and
get estimates to have them provided.
3. Cost –
There are other cost associated with buying property other than the purchase
price. These might include closing cost, title insurance, surveying etc.
4. Zoning –
Make sure your intended use is compatible with current zoning regulation. You
don’t want to buy a tract of land with the idea of raising cows or horses if
that is not a permitted use. Of course you may apply for a zoning variance, but
this can be expensive and time consuming.
5. Covenants
– This primarily applies to lots in a subdivision. Be advised there could be ‘Home Owners Association’ dues.
The covenants are there to protect you and the neighbors. Just make sure
that the size house and the architecture of your home is compatible with the
covenants and restrictions in the neighborhood.
6. Access
– Very important topic. You may be buying property on a public road but there
could be cost associated with putting in a driveway. Some property is accessed
by easement. You need to know: 1) width of the easement 2) are there use
limitations such as hauling timber out and 3) who can use the easement, are
there other neighbors who need the easement for their access.
7. Property
Lines – Can you find the property lines? Is there was a recent survey. Property line (or boundary line maintenance) is so important. It
can prevent people from using (or hunting) your property and help deter
‘adverse possession’ claims.
8. Flooding
– Is any part of the property in a flood zone. This is not all bad as these
areas are great for maybe a pond or lake. In addition these areas provide a lot
of habitat diversity for wildlife and may even create some good duck hunting.
These areas are not suitable for a house and will not pass a soils test for a
septic tank. There are 100 year flood maps available for your review at
To view my listings visit AllSouthLandandHomes.com Buying or selling land? contact G.
Kent Morris, ALC, RF at (706) 457-0090
