Once you have paid a visit to your local planning and zoning department and learned about the land’s long-range use, any future road improvements, the zoning of the property and whether it is part of a recorded subdivision, there are additional steps to consider. Below is a closer look at what to tackle next.
Finding this out ahead of time could save you thousand of dollars in construction costs. Many land buyers will avoid purchasing land that does not have municipal water and sewage service due to the costs and hassles associated with covering these services themselves.
Access to your property is also very important. You’ll need to find out whether you have dedicated access to your property to avoid future conflicts or problems.
Many land buyers also use their primary residence to purchase land, as they take out a home equity loan and enjoy the tax deductions.
You may also take out a loan to purchase the land, but this is often difficult to do. If you choose this option, you will usually have better luck with local banks.
Often times the most common mistake people make when purchasing land is not having enough money to build once the land is purchased.
Date: 2009-01-08 15:20:00