4 Essential Pointers When Looking For Residential Land for Sale
In the market for residential land? Finding the right piece of property can be a challenge, especially in todays real estate market. Here are some pointers to consider when looking for available residential land:
Location, Location, Location
When searching for residential lots offered for purchase, location is the most important thing. No matter whether you plan on building your dream home or making an investment, the property you purchase should be in a great location.
How do you determine what a good location is? This depends on your purpose for buying the land. If youre looking to build a dream home, location is relative to your own personal preferences. If you want a house on a hill, then thats what you should look for.
However, if you plan on developing the land for investment purposes (such as a rental property), then youll need to consider other things as well, including:
- Proximity to the towns amenities. Is the property located near schools, shopping and the towns major employers? If not, you may have a harder time renting the property.
- Quality of schools. Youll have an easier time finding tenants or buyers if the local schools are good.
- Accessibility. Is the property easily accessible from the road? Properties that are not easily accessible may be more difficult (and costly) to develop. You may also have a harder time finding buyers or tenants if they cant get to your property easily.
Survey the Land
It should go without saying, but its important to walk the property before you consider purchasing it. You should also obtain a survey of the land from the seller. Both the survey and your visual inspection will give you an idea of what obstacles you may face when building on the land. Will trees need to be cleared? Will hills need to be graded? How will utility hook-ups work? These are all things that need to be taken into consideration before buying residential land.
Follow the Propertys Paper Trail
If you find vacant land youre interested in, youll need to follow the paper trail to make sure you have all the information you need to make an informed decision. Not all states require full disclosure of problems with properties, and even if they do, not all sellers will have all of the information on hand.
First, visit the health department to find out about sewer and water codes. Next, speak with the planning commission to find out about any zoning restrictions that may be in place.
Finally, you want to pay a visit to the assessors office. Here, youll find information about wetlands proximities and flood-zone boundaries, which may have an impact on how or where you build. In addition, youll also obtain important tax information related to the property.
Other pertinent information, such as restrictive covenants, can also be obtained from the assessors office. There may be stipulations regarding minimum square footage or requirements for frontage between the home and the road. The assessors office will also tell you whether or not you need to obtain an easement from your neighbor to access to your property, or if anyone else has an easement on the land.
Consider the Costs
When you purchase vacant land, you need to consider more than just the cost of the land itself. Development costs must also be taken into consideration. Most buyers underestimate costs, which can result in the delaying of development or a complete halt on the project.
Here are just a few of the many costs you will need to add into your budget:
- A survey, if necessary.
- Permits and fees. The number of permits you will need and the fees to obtain them will depend on your location and the property itself. Ask for a complete list of all permits you will need along with their fees.
- Septic system installation, if applicable.
- Utility hookups, including electric, phone, gas, cable, water and sewer. In some cases, these lines are already in place. If not, you will need to pay the cost of running them.
- Earthwork, including blasting, excavation and cut-and-fill.
- Legal costs, including closing and title search costs. Other legal costs may including right-of-way problems, variance requests, abutter challenges, boundaries issues, etc.
- Impact fees. Many towns now assess these fees as a way to help pay for schools and other public costs associated with new home development. These fees go by many names, including mitigation fees, development fees, facility fees or service availability charges. Rarely are these fees under $1,000. In some areas, these fees can be $20,000 or more and are used to discourage development.
Before you make an offer, make sure you have at least a rough estimate of the costs of purchasing the land and developing it.
LandCentury.com specializes in selling wholesale real estate at the lowest prices. We believe that everyone should have the right and the opportunity to get a great deal on investment property All you have to do to get the property you’ve always wanted is follow these simple steps:
Step 1: Find the Perfect Property
Use LandCentury.com’s powerful network of real estate listings to find the property of your dreams. We have everything from move-in ready investment properties and cheap houses to rural land, buildable lots, and fixer-uppers. No matter what type of real estate you’re looking for, you can find it at LandCentury.com
Step 2: Click the Buy Button
This will start the purchase process. As one of America’s top online property listing sites, we leverage our unique business model of submitting an online payment to hold the listing to make transactions straightforward and secure. Our purchase process is designed for simplicity and security. Once you click the buy button, you will:
Use our secure site to submit your processing fee. We make every effort to protect your privacy. That’s one of the reasons why we offer a 24-hour money back guarantee on your processing fee, so you can feel confident in your transaction.
The seller will contact you within the next 24 hours procced to the next step and get the necessary info to prepare the contract.
Buyer Transaction & Privacy Protection
LandCentury.com stands behind our buyers, and we want you to know that your hard earned money is safe when doing business through us. That’s why we have a number of features to help protect buyers, including:
Symantec Secure Site SSL certificate, providing a $1,500,000 warranty on every transaction
Secure encryption and data protection
24 hour money back guarantee on processing fees
2 separate legal offices across the country to help you with any problems you encounter, anytime
Seller ratings so you can see what other people have to say about their experience with your seller
Still Have Questions?
We’d love to answer them. Check out our Help Center page or call us at 1-888-LAND-WEB (526-3932)
Our highly specialized support team is ready to find a solution to your problem. A people first policy insures that a team member will always be available to speak with you personally.
Symantec SSL Certificate
Symantec is a global leader in providing security, information management solutions to help our customers – from consumers and small businesses to the largest global organizations – secure and manage their information against more risks at more points, more completely and efficiently than any other company. Our company’s unique focus is to eliminate risks to information, technology and processes independent of the device, platform, interaction or location.
This website can secure your private information using a SSL Certificate. Information exchanged with any address beginning with https is encrypted using SSL before transmission. LandCentury.Com LLC has been verified as the owner or operator of the website located at www.LandCentury.com. Official records confirm LandCentury.Com LLC as a valid business.
Better Business Bureau
For more than 100 years, Better Business Bureau has been helping people find businesses, brands and charities they can trust. In 2015, people turned to BBB more than 172 million times for BBB Business Reviews on more than 5.3 million businesses and Charity Reports on 11,000 charities, all available for free at www.bbb.org. The Council of Better Business Bureaus is the umbrella organization for the local, independent BBBs in the United States, Canada and Mexico, as well as home to its national and international programs on dispute resolution, advertising review, and industry self-regulation.
BBB has determined that LandCentury.Com, LLC meets BBB accreditation standards, which include a commitment to make a good faith effort to resolve any consumer complaints. BBB Accredited Businesses pay a fee for accreditation review/monitoring and for support of BBB services to the public. BBB accreditation does not mean that the business’ products or services have been evaluated or endorsed by BBB, or that BBB has made a determination as to the business’ product quality or competency in performing services.
Web Site Anti-Malware Scan
GeoTrust is the world’s second largest digital certificate provider. More than 100,000 customers in over 150 countries trust GeoTrust to secure online transactions and conduct business over the Internet. Our range of digital certificate and trust products enable organizations of all sizes to maximize the security of their digital transactions cost-effectively.
The GeoTrust Web Site Anti-Malware Scan includes a daily malware scan to detect malware and alert you with detailed information to respond quickly to the attack. What happens if malware is detected on this web site? If malware is discovered, the GeoTrust Web Site Anti-Malware Seal no longer displays. When the scan confirms that all instances of malware are removed, the seal displays again.
If you feel that you have been a victim of real estate fraud, there are many resources available for you as the victim. Your first step is to contact the local District Attorney’s office and report the incident. Our office will stand by you and provide any relevant information to support your claim. Here are additional agencies that can assist you and provide more resources: