Thing to Consider When Buying Land

Buying land is a great investment, whether you are renovating or building up a property from scratch. When buying land, you need to take special considerations into account.  Firstly, you need to know what to look for and secondly, you need to know real estate factors. Along with this comes careful observation and plenty of research. Here are 5 things to look for when buying land.

1. Road Access

This is a common thing that people overlook when buying land. It cannot be emphasized enough on how important access rights are.

Be absolutely sure that permanent, legal, transferable access is specified in the deed. You cannot assume that access is guaranteed if the property is on a town or provincial road.

This is not the case. If the right was not granted to the previous owner, then you may have to get permission from the town or province.

2. Natural Hazards on the Land

It is important to obtain a natural hazard disclosure and check to see if there are problems with the soil.

A disclosure should tell you if a certain plot land is a protected habitat, which would prohibit any plans for building.

Certain soils risk of causing a landslide or it could be too soft for building any sort of a structure. This should be carefully observed before buying land.

3. Water, Sewer, and Drainage

This is also a major concern to be addressed when purchasing land. For example, that lovely creek of running water on that dream property may appear to be beautiful but it’s important to check if you even have the right to use it.

It’s also important to consider an adequate sewerage system. For example, some properties might not allow an outhouse for they are illegal in some territories whereas others may have a septic tank already installed by the local water scheme.

4. Easements Associated with the Land

An easement is the right to use someone else’s land for a specific predetermined purpose. Before purchasing land, it’s important to research what easements other people might have on the property.

This applies to both country and urban areas. You may also want to make sure that easements are available to you in terms of power and telephone lines because you may never know when it could be important to you one day.

5. Community Attitudes

It is critical to study the area in which you plan to purchase property as it could have long-term effects on your personal contentment and happiness.

Talk to residents in the area and find out what it might be like to live in the area. The answers you receive from locals could very well be the final deciding factors as to whether you purchase or not.

Contact me today for a free Home Value Report or a Home Buyer's Toolkit!