Buying land in today’s world can feel complicated and overwhelming. You can research any topic on land buying and go down a long vast hole of trying to decipher the right answer for your needs. That is not how you want to start your buying process. Let’s simplify the process into three steps and make buying fun and easy again.
Step 1: Figure out the reason you want to buy the land. Recreation, building a home, an investment, a business, animal or farm use–these are just a few of the reasons people buy land. Once you know this, you are one step closer and can figure out what type of land you want. With your reason in hand, you can now answer the following:
~What acreage do I want?
~Will I build on this land?
~Do I care about restrictions?
~Do I want neighbors close or far from me?
~What features am I looking for in my land? Do I want rolling hills, grass, flat dirt, lots of trees, wildlife, water features, etc?
Now that you know your reason why and some basic answers to the type of land you need, let’s move on to Step 2.
Step 2: Make a Budget. Knowing your budget before you start looking is a great way to ensure success in finding and buying the perfect land. There are some hot topics when making a budget for buying land and these include such topics as whether you need financing or you plan to pay cash, how much do you have available for a down payment, and will you will be converting the land to a space that fits a very specific need.
Here are some quick reference questions to get you started on your budget:
~Are you building?
~Do you need water/electricity/sewage?
~How much do you have available for the down payment?
~What can you afford for a monthly payment?
~What can you afford for monthly upkeep of the land if necessary?
Making a budget is necessary and will save you time and money in the long run not to mention, it will narrow your search from the millions of properties available to the properties that are perfect for your needs.
Step 3: Start your search and get help from the experts when you can. There are many ways to search for land. Don’t be afraid to start looking on your own. Land sellers use social media such as Facebook, Instagram, Twitter, You Tube, Pinterest, and many more. In addition, you can search for land on websites such as Lands of America, Land Hub, Land Flip, Craigslist, and many more. Go…check…them…out! At the same time, ask the experts. Getting a great real estate agent helps to get the right tract of land in front of you in the quickest way. Real estate agents can help you navigate the lingo, protect your money, and make the best purchase possible.
Remember, buying your next property should be stress free and easy but most of all exciting! Feel free to contact us for more information on buying land.