Though common for many luxury buyers, purchasing vacant land on which to build a dream home can be a little intimidating, unless you know what to look for.
This leads to today’s topic – what does one need to know before purchasing vacant land?
- Location – is the community in which the home is located one you can live in, or one that is marketable in the long run?
- Will you need title insurance to secure your investment or a survey to determine elevations and exact property lines?
- What are the zoning restrictions on the property? What can be built? Is there a restriction on the style of home that can be built?
- What regulations are the property subject to? Is the land part of a subdivision or part of a neighborhood with a