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Posts tagged buying vacant land

Top 10 Tips for Buying Vacant Land

Feb17
2009
Leave a Comment Written by Alicia

vacant-land

Thinking of building your dream home on vacant land? There are certain things that you must consider. More thought goes into the purchase of land than the purchase of a home. Here are 10 tips to know before buying land.

1. When looking for land, make sure you know what your plans are before purchasing it. This will help you imagine where you will put the house, barn, driveway, etc.

2. Know that you need permission to build on vacant land. Get your building permit and find out what rules you must follow, like how close you can build to a river.

3. If you plan on building a house on the land, check with utility companies to see if gas and electric are available for this land.

4. Find out if public water is available to this land. If not, you will need to fit a well system into your budget.

5. Also find out if public sewer lines can manage your land. If not, you will also need to fit a septic system into your budget.

6. Check the weather history in this area to find out if it deals with lots of flooding, tornados, etc. This will help you make smart building decisions.

7. Check with the local city government to find out what the future building plans are for this area. If a major expressway is in the works, you may decide not to purchase the land. It’s all about location!

8. Consider your everyday habits. Are you on a cell phone a lot? Find out if you get service in this area. You may need to adjust your lifestyle in numerous ways.

9. Add up all of the costs that you will face. Once you purchase the land, figure out how much it will cost to build your dream house. You don’t want to find yourself in a lifetime of debt.

10. After purchasing the land, consider fencing it, great for keeping animals, hosting parties or enjoying the privacy of your property!

Posted in Buying Tips, Tips and Ideas - Tagged buying buy owner, buying for sale by owner, how to buy vacant land, vacant land
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Top 10 Reasons to Buy Vacant Land

Feb10
2009
Leave a Comment Written by Alicia

Buy-Vacant-Land

Not only do we advertise homes for sale by owner here at Buy Owner®, but we also advertise vacant land for sale! Buying vacant land makes a lot of sense, and here are the top 10 reasons why:

1. Opportunities are endless. With a segment of your very own land, you can do pretty much whatever you wish with it!

2. You have the chance to build a unique, personal dream home from scratch.

3. Vacant land is often in a rural area, away from the chaos of urban living. You can relax in a quiet atmosphere and connect with nature again.

4. Even if you don’t build a home on the land, it’s somewhere to go on a day off work. It’s like having your own park!

5. You can enjoy a huge backyard, which is hard to come by in neighborhoods! Big backyards are ideal for kids, pets, hosting parties or anything you wish!

6. If you can afford the land now, it could work as major revenue in your future.

7. Even with the state of the economy, land still sells, especially now that baby boomers will be retiring. You will have no problem selling land in the future.

8. You could build a house on the vacant land and rent it out for added income or use it as a vacation home or a place to retire.

9. Even without a house on the land, an endless investment is possible by renting the land to campers, farmers or hunters.

10. No HOA fees exist on vacant land in rural areas. You are free to do as you please, after checking with the town’s rules.

If you decide to take advantage of these vacant land perks, look forward to a future post about 10 steps that you must follow when purchasing land.

Posted in Buying Tips, Tips and Ideas - Tagged buy land buy owner, buy land buyowner, vacant land, why buy vacant land
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Founded in 1984, BuyOwner.com® is the leading provider of real estate marketing services. We pioneered the "For Sale by Owner" (FSBO) market, which today represents over 20 percent of all residential real estate transactions.

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