Just like many people, your dream is to own a landed property. While the opportunity to buy a piece of land can be very exciting, you need to carefully consider all pros and cons before making a buying decision. Buying a piece of land may seem complicated, especially if you’re looking to start a homestead. Even if you already found a land for sale in a spot you feel comfortable with, here are a few things you need to know before making a buying decision.
1. Consider The Location
For land buyers, the location of the piece of land is a crucial factor to consider when making a buying decision. All excitement that comes with owning a landed property can disappear if you settle in the wrong location. When looking to buy a piece of land, you’ll need to consider the distance and cost of moving from that location to other places you’ll need to visit regularly, the condition of the roads leading to your property, proximity to shopping malls, health care facilities, and schools. You also need to make findings as regards the climatic conditions present in the area; is the location prone to experiencing flooding, thunderstorms, and more?
The productivity of the soil in the area should also be considered as well as accessibility to electricity and water. And expect you’re looking to isolate yourself from the world, internet access would also need your consideration.
2. The Size Of The Land
You certainly do not want to experience the feeling that comes with not getting the worth of what you paid for. So, before concluding on buying a piece of land, you should commission a land survey. A survey will help you to know the actual size of what you’re about to pay for. It will also give you an insight into the potential challenges that might come with owning that particular piece of land. The survey can help you determine if the property can accomplish your goals.
3. Connect With Your Potential Neighbors
One of the easiest ways to know what you’re about getting into is by connecting with the neighborhood. Doing this can help you get all the critical information you need to make a buying decision. By reaching out to your potential neighbors, you will get to know certain things about the community you probably wouldn’t find on the internet. You also get the opportunity to learn about the challenges the locals are facing in the area.
Connecting with the neighborhood will not only assist you in making the right buying decision but can also come in handy when you eventually occupy the landed property, as a neighbor acres away from you can be a life-saver during an emergency.
4. Zoning And Taxes
Zoning is quite strange to some rural areas, which is why you should do your research before making a buying decision. You should contact or visit the county’s courthouse where the piece of land is situated to find out if the county is zoned.
You should also analyze the recent developments in the area and determine how these developments can affect the taxes on your property in the future.
5. The Cost Of Living In The Area
The upfront cost of purchasing a landed property shouldn’t be the only factor deserving consideration, but also the cost of other expenses that might come along the way.
There are certain services you probably might have taken for granted while living in an urban area. Certain services might be difficult to access or can come at extra costs. Living in a rural area might require making use of satellite connections for communication, which can sometimes come at a higher cost.
Final Thoughts on Moving to The Country
Before you leave the city for good and set out on your country-living dreams, there are a few things you need to do. Buying land isn’t always as straightforward as it seems, and moving to the country can be quite a task. So, before you sign the dotted line on that country home you just found, keep the above things in mind.
Ultimately, if you take time to really make sure you’re certain of what you’re getting into, you should be okay. Take time to consider the location. Get to know the neighbors and the true cost of living in the area. Make sure you’re getting the amount of land you want to get and be clear on zoning and taxes.
If everything looks a-okay after doing your due diligence – then take the plunge. Buy the house in the country you’ve been dreaming about, and make the move.