There is more to buying land than simply choosing a lot and building a structure on top of it. To better prepare buyers for what a land purchase entails, they must consider the following factors:
The purpose of the land purchase
Buying land is a serious commitment. Before shopping around, buyers must first figure out what they want to do with it. Knowing how the land will be used will help narrow down the choices and make it easier to find the property that is perfect for their needs.
Each city and town have their own zoning laws that dictate what owners can and cannot build on their parcel of land. Knowing these laws will allow the landowner to plan appropriately according to the community’s master plan. It can also tell a potential buyer beforehand whether or not these ordinances will interfere with their own plans for the property. In effect, it can affect their decision whether or not they still want to purchase the land.
It is a good idea for buyers to get in touch with the local zoning department to inquire about environmental restrictions, permits, and the designated distance a home should be built from the property line.
Check out the following for more information about Pepper Pike, Hunting Valley, and Shaker Heights zoning rules and ordinances.
Future developments in the area that could affect your property
Buyers should take time to know about the county’s land use plans and road additions. Find out what buildings, infrastructure, and properties will be built in the area in the near future. This will give them a better idea of what will be built in a certain area and the potential resale value of the land.
For instance, those who are looking to build a quiet retreat home should avoid areas where future developments include commercial buildings, apartment complexes, and the like.
The utilities available
Always consider the availability of utilities such as water, gas, electricity, internet, and cable before buying land. The accessibility of said utilities could depend on the location and how developed a particular parcel of land is. If the land is not connected to any basic utilities, it could mean extra expenses for the buyer.
Have the land surveyed
For those planning on buying large acreage, having the land surveyed is the best course of action. A certified surveyor will be able to give buyers the exact boundaries of their potential property.
A land survey is also like a home inspection, wherein buyers can find out if the property has any hidden issues. The results will show problems such as flood risks, soil contamination, poor soil conditions, and other environmental issues.
Hiring a real estate agent
Hiring a real estate agent is a great way to make the whole land purchase experience easier and stress-free. An agent is there to guide buyers through their purchase and make sure they are making the best choices.
Buying land is a lot more complicated than buying traditional homes so it is important to find an agent who specializes in land, lots, and acreage.
To learn more about land buying and the real estate options in Pepper Pike, Hunting Valley, and Shaker Heights, Ohio, get in touch with expert Realtor Cici Riley. She has 28 years of experience helping clients find the perfect property. Call her today at 216.410.3114 or send a message to ciciriley(at)howardhanna(dotted)com.