1. Location - Before buying, determine what is important to you and your family. Are the schools and proximity to activities important? Do you want to be in a more rural area with space and privacy? Do you want a waterfront property, access to water, a property with a view?
2. Can you build on it? Is the topography suitable for building? If you will need a septic system, what kind of system will the soil conditions allow?
3. Is the land developed or undeveloped. If undeveloped, will you need to bring in utilities? If yes, contact your local utility company to determine what is required to do this. You should also determine the cost of bringing in the utilities. In many cases, you must also build and maintain the roads into your property.
4. Zoning - Talk to your local zoning board regarding building requirements, setbacks, and restrictions. Environmental factors could restrict the location of your home. Check surrounding vacant land and ask local planning commission about future plans for areas around your property.
5. What types of permits are required? Some areas have limited requirements for permitting, while others are more extensive. Check with your local building department.
6. Check for Restrictive Covenants - legal obligations on a property deed, such as the type of fence that is allowed, minimum size residence allowed, etc. Covenants are enacted to protect property values and to give the development a standard look. However, they also limit your activities, such as a home business, parking a camper on the property, etc.
7. Surveys -If you are unsure of the boundaries, look at an existing survey or have a new survey completed.
8. Liens - Ensure that there are no existing liens on the property - that is a monetary claim against the property for a debt of the current property owner. There could be back taxes or unpaid work performed on the property by current owner.
9. Easements - Someone's right to use your property for a stated purpose, such as allowing a utility company to place power lines on the property. Another example is a neighbor that is allowed to build a driveway through the property to reach a public road. Even if an easement is not currently being used, if it is part of your deed, it can be enforced at any time.
As you can see, there are many element to consider before purchasing land. I have had experience in this area, and I would love to help you find the perfect property!
Author:Holly Westergaard Phone: 540-729-9333 Dated: March 4th 2016 Views: 595 About Holly: Hello, I am Holly Westergaard, and I specialize in helping buyers and sellers in the Culpeper, Warre...
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In July 2010, Mike and Ellen Butters opened the doors of EXIT Cornerstone Realty. As owners of EXIT Cornerstone Realty, Mike and Ellen focus on forming highly educated and trained agents to serve you, our valued client. Whether you're a first-time home buyer, experienced investor, or homeowner facing mortgage problems, EXIT Cornerstone's superior agents will exceed your expectations and provide you with the full-time service you expect. For more information call us at 540-825-9898.
To Buy or Not to BuyI would say as a realtor, the question I am asked
"John was always responsive to our questions and concerns. John made the search, loan process, and receiving the keys, fun! John made time for impromptu visits at the home, and always made us feel at the top of his priority. John and EXIT reality were by far the best to communicate and work with. If my husband and I buy again, John will be the first we contact!