Guide on How to Buy Land

By: Maria

Some home buyers would rather buy land to build their ideal homes in. In fact, there is something about purchasing vacant parcels that appeals to people who want to construct their homes in their own pace and budget. A few acres can be so enticing and buyers envision themselves constructing the newly-built home of their dreams. There is that longing to build a home the way you exactly want it. And for those who have the money to spare, unimproved vacant lots are ideal and appealing.

Whatever motivates you, purchasing land is surely a whole lot different from buying an already constructed home. There are a few things that need to be discussed when buying land however, such as zoning requirements, land-use, easements, access, and utilities. They are tremendously essential in any land purchase and should be given due consideration. True enough a land acquisition can be a complicated thought process. When purchasing an existing home, someone has already been involved around issues concerning what is permissible on land.

First off, you should find the proper zone and know the plan. Once you have decided on what you want, you must spend some time t the zoning department. Check with your local zoning ordinances to determine the kind of house you want. As soon as you have recognized the particular parcels that you find interesting, zoning actually tells you whether you can have a home on that site.

There is actually a long-range plan for land-use that you should be aware of. There will be numerous areas selected for residential uses, businesses, public use like schools and parks, and agriculture. The zoning department will disclose information and warn you whether you will have a nice neighborhood or not. You certainly do not want to buy a vacant lot close to a maximum-security prison.

While you are presently surveying the area, assess highway congestion and inquire about planned road enhancements. If your ideal parcel is in a city with nicely built houses seated on six-lanes, chances are, those homeowners did not foresee that a road is going to be constructed there when they have bought it decades ago. So in buying land, there is no easy way on how you can predict the change of road plans.

Next step is to figure out if the land is an unlisted acreage or in a recorded subdivision. If your vacant lot is in a subdivision, review the subdivision restrictions. Whether you are going to buy land in rural areas or in the city, these restrictions apply everywhere. You may also look into utility easements as they will not be available for construction. Subdivision restrictions can help you identify your boundaries. These restrictions cover every issue concerning the sort of pets you can have to whether you can have a humongous truck in your driveway.

Determining the costs involved should also be considered in buying land. Financing for unimproved parcels is a huge market. If your vacant lot purchase price is not that eye-poppingly huge, you can take out home equity loans on your existing residence and bask in tax deductions.

About the Author

Land Real Estate in San Diego CA, Land for Sale in Cardiff By The Sea CA and Land for Sale in Carlsbad CA can offer you a whole deal of information about the real estate market. Whether you want to sell your house, buy a property or rent one, getting all the information that you need will give you a great advantage.

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Article Source: on How to Buy Land

Francis Gichuhi (692 Posts)

Architect Francis Gichuhi . B.Arch. University of Nairobi. Registered Architect, Kenya. Member, Architectural Association of Kenya. Contacts. email Telephone +254721410684


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