When you look at all the development going into urban areas and expanding into rural locations, the option to purchase your own land and build upon it is an attractive prospect. When you buy your own land, you can pick its location and choose the surroundings of where you build your next home or you invest in land for agricultural or multi-unit rental properties. Here are some recommendations to help you in your search for the right piece of land for purchase.
Hire a Real Estate Agent
As a first step to finding the right plot of land for your real estate purchase, you should contact and select a local real estate agent who can help you search out the right property. Not all real estate agents are going to specialize in land sales and may not have the right type of expertise that you will need for the purchase. So, shop around with agents to find one who has handled numerous land transactions and knows how to check into the land title, environmental inspection, and the property survey to make sure you have a clear understanding of the property's boundaries.
Check Into the Property
When you have found some plots of land for sale, you can begin to narrow down your search as you further check into the land. Look at the type of land, its size, location, and also its zoning regulations. The city that the land is located in will be zoned by the local planning department for what type of use the land can be developed with. For example, the land may be zoned for commercial, residential, agricultural, or a combination of them. So, if you are looking for a plot of land that you can buy to keep farm animals and also build a home, you would need a residential plot of land that is zoned for agricultural purposes, which will allow you to keep cattle, horses, pigs, chickens, or sheep.
However, if you are looking to buy a plot of property where you will subdivide the land into parcels that you will develop and build homes upon, the land zoning should allow for this. If it does not, you can apply for rezoning of the property once you purchase it. Or if you want to buy a plot of land and build multi-unit properties with several apartment buildings or condominiums, make sure the property is zoned for the number of residential units of medium-density housing that you will build on it.
Talk to a real estate agent if you are interested in land real estate.