Too many times, people buy real estate and then have buyers’ remorse after the transaction. This is mainly because people did not do enough research prior to their purchase decision and end up in a state of post-purchase cognitive dissonance as they hastily attempt to justify their impulse purchase. Land or acreage real estate may often require more research than the purchase a home. Is the land in flood zone? Does it have the indigenous trees/plants that you desire? What affordability of self-sufficiently living off-the-grid?
Looking for an excellent book that is a down to earth in the trenches look at the questions land buyers never Knew to ask before purchasing land. Here is a book you can learn how to save thousands of dollars and a significant amount of time.
* Decide ahead of time exactly what you want the land for. Summer getaway? Remote cabin site? If you plan ahead with your intended use use of the land, you will save a lot of time and expenses in searching for property.
* Ascertain the current availability of electricity, telephone, and water to the property. These may or may not be important to your immediate plans, as you may want to be as self-sufficient and secluded as possible, but it’s wise to know the facts.
* Ask to see the water report relative to the property in question. Be sure you understand what it says. Also find out what it costs to drill a well or to have water delivered to the property if necessary.
* Determine if the seller will furnish a Title Insurance Policy to assure you that ownership of the land is as represented. This should cost you nothing.
* Ask if the land was surveyed and staked by a registered engineer or surveyor.
* Check to make sure you have permanent access to your land. Just because a road is into the property doesn’t necessarily mean your continued access is permanent. Check to see if it is a county maintained road or a private road.
* See the land in person. Nothing beats walking on your property to prove that you’re getting what you really want.
* Inspect the roads leading to the property. Is the property accessible by conventional vehicle? Is the greater privacy afforded by 4-wheel-drive access more to your liking?
* Analyze the location; what are you close to or far away from? Is having a town and its facilities (police, fire, medical, grocery stores) nearby important to you? Are recreational attractions sufficiently close?
* Obtain local tax information. Know your tax obligations beforehand.
* Understand what you can and cannot legally do if you decide to resell the property, or possibly divide it up into smaller parcels. Some places may have regulations as to the number of times you can split and the minimum sizes you can sell.
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