Buying An Acre of Land, What You Need to Know
Are you thinking about an acre of land or more? Like any other property purchase, it’s important to keep in mind basic considerations before making such a significant investment. When it comes to purchasing large parcels of land, there are a few other considerations to keep in mind.
Acre of Land: Things to Consider
- How much is the land worth? There are places out there that claim to sell you a specific amount of land, but they are actually selling you less for more. One way to avoid being tricked is to request land survey records, which detail the exact size of parcel (how much acreage) and its current value.
- Where is the land located? A lot of people perk up when they hear about rural land that is affordably priced. What they don’t understand when it comes to buying an acre is that the cheaper the land, the greater the likelihood that it’s located further away from modern conveniences such as grocery stores, shopping centers, and emergency services, etc.
- What do you intend to do with the land? Will you be building a home in the land? Will you be using it for profit? Will you be keeping livestock or using it to sustain your family? The amount of land you purchase and its location should suit whatever plans you have in mind. You should also consider potential maintenance and labor costs. Before purchasing your land, check with the local landowners association, if there is one, to make sure your plans are in line with their requirements.
- What permits do you need to build on your land? Obtain the necessary permits to do what you want with the land, especially if you’re going to build on it.
- Has the land been surveyed recently? A current land survey ensures that you will know exactly how much land you’re buying and where your property lines fall.
- Are there any access roads to the property? If there are no access roads to your property, you may need to create some. In certain cases, you may need to obtain an easement, which can take time.
- Can you get title insurance on my property? Regardless of what you plan to do with the land, you must protect your investment. A title search conducted prior to closing will ensure the seller has the right to sell the property and that there are no hidden liens. Title insurance protects you from liability for things missed during the initial title search, such as errors and omissions in deeds, mistakes in examining records, forgery and undisclosed heirs.
- How far away is the property from basic needs? This may, in theory, be one of the reasons for you to consider a more rural setting; perhaps you’re tired of city life or you can’t stand the hassle of being constantly on the go. Located less than 30 minutes East of Tucson Red Hawk offers scenic views and serene acreage sites surrounded by The Whtestone Mountains—and you can still enjoy the city life when you want.
- Is there a way to get water on the property? Where you get your water supply from is a vital component of your purchase, because this also affects whether you can live on the property, how much your water will cost and where your septic tank will be placed. Finding a community that has water already provided will save you a heavy price tag in the long run.
- Will you build now or later? Depending on where you buy land, you may be able to have the home custom built, saving you the trouble of having to search for contractors, materials, etc. However, if you don’t plan to build right away, check to see what upkeep considerations if any you will need to know.
Buy an acre or even more than that can be a huge responsibility. However, given the right considerations, circumstances and location, it could be the best decision you can make. Red Hawk offers privacy, truly green living and they are located less 30 minutes from Tucson. If you’re looking at land in Arizona, Red Hawk at J6 Ranch is a great place to start. Inquire today.
Reprinted from Brushy Top Texas