Top 5 Tips to Consider When Buying Land for Sale
Interested in land for sale? If this is your first time buying land, you may be uncertain of what to expect or where to begin. Purchasing land is not like purchasing real estate. While there are fewer inspections to deal with, you will still have some major concerns to consider – especially if you are buying vacant land for sale. Use these tips when buying land for sale to help make the process as smooth and stress-free as possible.
- Location is Still Key
You already know that location is key when purchasing a home, but it is still the most important thing to consider when buying land for sale. Determining which factors such as commute time, views, road access, and seclusion may be necessary to you and something to consider.
- Consider Water, Sewage and Drainage Installations
Soil and water drainage are crucial concerns when buying land for sale. There may be a beautiful creek on a piece of property for sale, but do you have the right to use that creek? Are you legally allowed to place a septic tank or outhouse on your property? You will also want to check for any drainage issues on the property that might prevent you from attaining sewage permits.
- Research Easements
Researching easements should also be at the top of your checklist when purchasing land for sale. What are easements? These are the rights and privileges that another person may have on a piece of land. Easements and their sizes will help decide whether or not you can run telephone lines or if public access can be allowed.
- Know Who Owns the Mineral Rights
Think mineral rights are not necessary? Think again. Even if no minerals have been discovered on a property, it does not mean minerals will not be found in the future. If you are looking for an acreage or land for sale by owner, you will need to talk about the mineral rights before the transaction is complete.
- Find Out If Utilities Are Available
Are utility lines already on the property? If not, you will need to consider the expense and plausibility of running the lines. Other services such as telephone, gas, and cable lines should be deliberated as well. Chances are if the land for sale previously had electricity, it has other utilities as well.
These are just a few of the many things you should consider when buying land for sale. Let LandAlert.com help you find the right land to buy or rent. Subscribe for FREE today and find the land you want!