You did it! After searching and searching, you finally found a piece of property that fits you! You’re ready to go take a look at it and, hopefully, even put an offer on it!
But before you do that, make sure you’ve asked these questions to make sure your dream property doesn’t turn into a nightmare process!
1. What are the restrictions?
One of the most important things to know before you buy land is to know what, if any, restrictions are in place. There are some communities that have HOAs and restrictions around what can be done and what can’t be done.
If that is something you’re comfortable with, that’s great! However, many people are moving out to the country so they can make their land what they want! So be sure you’re clear on what the restrictions are for the property.
This will help you be certain that you can make the property what you want instead of you closing on the property only to find out that you can’t do what you want
2. Ask for a recent Survey
Make sure you ask for a recent survey of the property you are considering buying. This will help give you peace of mind that you are buying exactly the property you want to buy.
The survey will also give you the dimensions and boundaries of the property so you can be confident in where you can build on the property. It will aslo show you where an electrical and water lines are so you can find the best place to build or place your home.
If someone can’t provide a recent survey to you before you purchase, that should be a red flag to you. Anyone selling a property in Texas should be able to provide a recent survey for you.
3. Check for Utilities
You’ll also want to make sure you are clear on what utilities are available and the best way to get them connected to your property. Getting utlities to your property can be one of the biggest roadblocks to turning this into your dream property as fast as possible.
When you work with Lonestar Land Sales, we make sure that utilities like water and electricty are available to your property, so that you have to worry about one less thing when you move onto your property. The general rule of thumb is that the fewer utilities that are available, the cheaper the land because you still have to do the work of getting the utilities set up to your property.
If you rush into buying a property and don’t check for utilities, your cost of time and money for the property can go up significantly. So make sure you verify what the status is for utilities and how much work you’ll need to do.
4. How is the property zoned?
In addition to understanding the restrictions, you’ll also want to know how the property is zoned. Are you hoping to set up a business on the property or have some other type of structure? Then you’ll want to make sure that the property is zoned in a. way that allows this.
You’ll likely be able to tell how a property is zoned based on the restricitions but it is still beneficial to go to your local planning and zoning committee to understand how that particular property is zoned.
Buying land is a crucial step to gaining independence and freedom! But before you do that, make sure you’ve asked these questions so that you don’t get trapped in a bad deal. You can find several other questions to ask by checking out this blog
If you’re looking to buy land in Central Texas, then you’ll want to check out Skyline Ranch! You can explore more of Skyline Ranch here