Agustina Bluthgen  /   07/28/2021

Important Questions To Ask When Buying Land

Finding the perfect property when buying land is not an easy task. Even if you find a property that blows your mind, you have to take your time and inquire a little bit more. Taking a step back, you have to know beforehand what it is that you are looking for. The more specific you can get, the better will your search fit your needs.

You can make a checklist with the following questions that will guide you in refining your search. After considering different properties, you can see their match with your ideal land. You can also compare and rank them.

☑ What am I going to use it for?

First of all, it is important that you clearly know what you want to do with the land you will buy. This may seem like an obvious question but you have to ask yourself the purpose and the future use of the land. Are you thinking about building a property? If so, what type of property? For what purpose? Are you considering it an investment? There are a lot of questions to consider. The more detailed and precise you are, the better!

☑ What zoning do I need?

Regulations of the use of land dictate purposes, either residential, agricultural, commercial, industrial. They can also determine more specific construction details, like maximum height, how far to build from limits, etc. You can answer these questions easily if you already know what you want to build or do with the land. But it may be a little bit more complicated if you are buying land as an investment. In this case, you can search a little bit more about the different alternatives and their profit.

☑ How much am I willing to pay?

Knowing your budget is key to narrowing your search. It’s pointless to consider options that are way above your budget because you will then regret it. Another important thing to ask yourself at this point is how you are going to pay for it. 

☑ Where is my ideal location?

Here you have different aspects to consider. Location implies a lot of different things. Not only a specific place, like state or district. It also refers to proximity to roads, open areas, water streams. Transportation and local infrastructure are also very important. You’ve heard the real estate agent’s mantra, “location, location, location!”

☑ What are my goals when buying land?

It is very useful to have a goal in mind, as a roadmap, to help you achieve your laid-out steps. Keeping the end goal in mind, all throughout the buying process, before knowing what you want is key to finding your dream property.

If you are not familiar with the land buying business you can consider having a broker help you. Keep in mind that this will come with some additional fees. If you are looking for cheaper rates and financing options to buy land, online websites are now the easiest and convenient way to do it. You can find all the information you need, you don’t even need to visit the property in person. A company like ourselves at Community Lands will help you save both money and time!

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