How to buy a piece of land
Picking a piece of property to build on is a hard task. A few pointers my husband and I have compiled that we think are important in the hunt are:
1. Talk to the Planning Department about zoning ordinances, and get a copy of the zoning ordinances
2. Examine the access roads if you’re heading toward the country. Can you get through in the winter? Do creeks need bridging? Landslide potentials or possible trees that might tip? Oh and who OWNS the access roads?
3. Look at surveys and topography maps. Get a survey.
4. Research utilities. This is the biggie. Internet access? What about power? The line itself costs upward of $6-$10/ft. Then you have to burry it. What about water? Is a well feasible? And sewer/septic. That’s a fun one. These issues are so huge in price that it can make the difference between a good investment and a horrible burden.
5. Check for existing easements* (like access roads, power lines, mining rights, etc.)
6. Look for any liens–voluntary and involuntary
7. Any restrictions placed by previous owners that are on record? (Like “thou shall not build a house here ever”)
8. Who holds subsurface/mineral rights? Check for timber and hunting rights, too.
9. How close are you to large operations like airports, slaughter houses, chemical plants, active mines, and polluted/superfund sites? These things can have a huge impact on the enjoyment of your property. If you’re really lucky, an aerial flight in a small plane or helicopter can show you everything you need to see. Otherwise, check out aerial photos.
*An encumbrance is any right or interest in land that is possessed by a person who doesn’t hold title to the land. These rights can lower the value of the owner’s estate, so you want to check on them. Lucky for us, this task is typically pretty easy; the title company does the labor. An encumbrance doesn’t prevent you from enjoyment of your property or the ability to transfer it.
Good luck with your hunt. Or in most cases right now, good luck with the dream!