Looking For Land For Sale? 3 Things To Think About Before Buying
Posted on: 14 March 2019
Before you have contractors break ground on your dream home, you will need to narrow down the long list of lots of land for sale. Although it may seem simple to find a nice lot and work with a contractor to start on your home, selecting the right parcel is often more complex than most people think. Here are three things to think about carefully before buying land for sale and why.
1. Accessibility
How easy is it for you to access the land you are considering? If that lot of land is up a steep embankment or happens to border natural geological features like lakes, ponds, or rocky mountainsides, it could be harder for developers to build infrastructures like roads, fiber networks, and other amenities.
Additionally, difficult terrain could also impact your ability to add supplemental elements to your property, such as swimming pools and playgrounds for your kids. Before you settle on a property, carefully evaluate what infrastructure is already in place and what still needs to be done. As you visit the site, watch the traffic in the area so you can determine how easy it is to access the lot.
2. Views
Believe it or not, the vantage point from your property will be carefully calculated into the sales price of the lot of land and the future value of your home. Additionally, views can significantly impact the visual interest from the windows of your house, so pay attention to what you can see from the lot.
Also, think about which external elements could impact your views down the road. Is there another housing development or a store being built in the area? Think about what the view is like today and what it might be like in a few years to determine whether or not you want to purchase the property.
3. Geological Surveys
Nobody wants to purchase a lot of land that is prone to earthquakes, mudslides, or other natural disasters, so take some time to evaluate the lot's geological survey. This information is publicly available and easy to look up, and it can make or break a real estate sale. It can also be helpful to search online to look for other natural disasters that have occurred in your chosen neighborhood.
In addition to researching the land on your own, be sure to spend some time talking about different land purchase options with your real estate agent. In addition to having experience helping buyers and sellers with land transactions, real estate agents may also know more about future developments, city plans, and other issues that could impact the purchase of the property you are considering.
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