Key Factors to Consider
Ever find yourself browsing Zillow, dreaming of purchasing land? If you ever decide to think seriously about making this first step, we have compiled a list of things to look for when searching for real.
Location, Location, Location
The location of your land is a crucial determinant of your future lifestyle. Take advantage of the filter options and specify your exact needs and wants. Think about the proximity to work, schools, recreation, etc. Also, consider whether it’s an up-and-coming neighborhood or a rural setting that offers the privacy you seek.
Accessibility: Is the land accessible to main roads and utility services?
Zoning: Will the zoning regulations permit your home design and build? Consider how future developments might impact the area as well.
Climate Risk: Zillow now offers a new feature that shows climate risk data.
Topography and Land Features
The physical features of the land will impact your home’s design, construction, and costs. A sloped lot might allow for a daylight basement, while flat land can provide more layout flexibility.
Soil Quality: Certain soil types are better suited for building, while others may require extra preparation and will increase costs.
Drainage: Water drainage and other moisture-related issues are crucial. Search for a property with manageable or natural drainage.
HOA Regulations: Some neighborhoods have homeowners associations (HOAs) that can limit what you can build. Not to mention hefty dues you will want to look into.
Easements: Ensure no easements (rights of others to use your land for a specific purpose) that could affect your home’s placement or size.
Permits and Restrictions
Every county and town has its own set of rules regarding building permits, environmental regulations, and deed restrictions. Make sure to look into the logistics before you purchase to be sure you cover your bases on your design and build vision.
Neighborhood and Future Growth
Every county and town has its own set of rules regarding building permits, environmental regulations, and deed restrictions. Make sure to look into the logistics before you purchase to be sure you cover your bases on your design and build vision.
It’s about the land and the community it’s a part of. Spend time in the area to get a feel for the community. Are you looking for a quiet retreat or a vibrant, social neighborhood?
Appreciation Potential: Consider the area’s future growth. Land in growing regions can be appreciated, making it a good investment.
Environmental Factors
Look into potential environmental risks such as flood zones, earthquake fault lines, or fire-prone areas. Depending on your location, you may need to invest in additional insurance or take steps to mitigate these risks in your home design.
Budget Considerations
Finally, your budget will play a significant role in your land search. Beyond the purchase price, consider the cost of preparing the land for construction, including clearing, grading, or adding infrastructure.