What is the zoning of these properties?
Do the properties have water?
Do the properties have electricity and telephone service?
Can I build a home on the land?
How much are the closing costs?
Is the land approved for a septic system?
Is there a road to these properties?
Are there any liens on the properties?
What are the property taxes on the land?
Be sure to get title insurance.
Are there homeowners fees?
Is there access to electricity?
Is there access to telephone service?
Know real estate purchase specifics. What is the full price of the parcel, is the title clear; that is, free of liens, easements, and other encumbrances? What are the easements on the property? CCRs: Are there any covenants, codes, and restrictions on the property? What type of deed will I be getting?
Research the soil quality and topography. Correcting soil issues can add significantly to your building costs and building on hills or steep slopes can be much more expensive.
Buying a parcel of land can be a serious investment and its always a good idea to consult a financial advisor or accountant prior to making any investment. |