When purchasing land, there a number of things you should keep in mind before stepping into the process. What will it be used for? Will you sell it at some point? Will you build? You should understand what is involved in buying and the impact it will have on how you plan to use the property.
This article form HomeKeepr highlights 5 things you should understand before purchasing a piece of property. Enjoy the article and give me a call if you have questions or if I can help with any of your real estate needs.
Source: blog.homekeepr.com | Re-Post Houterloot 11/8/2018 –
Land can be a good investment, whether you intend to build a house or business on a particular lot or simply want a place where you can stretch your legs and breathe a bit more deeply. After all, they’re not making any more of it (ok, technically this isn’t true, but you’d need to be volcano adjacent to get dibs on brand new land).
Buying land can be tricky, though, even after you secure a mortgage for it. There are several important real estate concepts you’re going to want to familiarize yourself with.
Lessons in Land Buying
Unlike purchasing a house in an established neighborhood, where everything is pretty obvious and cut and dry, land can throw a lot of weird wrenches into the works. Let’s take a look at the most important aspects to keep in mind before and during your land acquisition.
Posted on November 8, 2018 at 2:18 pm by Tim Houterloot