Home » Advice-Tips » Think Before Buying Properties

Think Before Buying Properties


1 (1) Once you have a preliminary house design and budget in mind, your next step toward creating your new home is often to find the right piece of land. Buying land is very different from buying a house or condo, where most common problems can be easily recognized by a competent builder or home inspector. With vacant, undeveloped there are a host of other issues that affect the cost of development, and what can and cannot be built.

ESTABLISH PRIORITIES
Before  you begin your search, take the time to establish a list of priorities. You probably can’t afford your perfect dream site, so you’ll need to decide where to compromise and where to stick to your guns. Some key factors to consider include:
Commuting distance:
How close, or far away, do you want to be from shopping, restaurants, doctors, and other businesses you visit regularly. How far are you willing to commute to shopping and work?
Schools:
Are you happy with the local school system? Physical characteristics. Are you looking for a wooded site, open land, high on hillside with views, near access to water?  Are views important?
Neighbors.
Do you want a lot of privacy in a rural setting and room for horses? Or would you be happier in a densely settled development where you will see your neighbors regularly and where kids can will find plenty of playmates nearby?
Municipal services:
What private and municipal services are available: water, sewage, electricity, natural gas, cable, high-speed internet?  
Taxes and fees:
Are local tax rates acceptable? Are you aware of the fees you will pay to build in this area: water, gas, and connection fees, impact fees, special assessments?
Size:
How large a lot do you need? Would a small lot adjacent to a large area of conservation land be preferable – it will probably be less expensive.




Leave a Reply

Your email address will not be published. Required fields are marked *

Name *
Email *
Website