I’m often asked by folks who are searching for land, “How do I get the most land for the least amount of money?” I’ve heard that at least a hundred times. When asked this, I generally try to explain that land purchase and investment is about Quality and less about Quantity. I can find you hundreds of acres for dirt cheap. But is that really what you are looking for? Maybe it is. But are you considering access to water, power, roads, maintenance, proximity to these and other resources? Towns, stores? What do you think about the land’s overall health in its current state? Can you obtain a Perc certificate? What will it cost to clear and develop a food plot for hunting? Why do you want to invest in land, and what are its best and highest uses and potential returns?
Here are 7 of the most important things I believe you should consider when searching for land to buy:
- Location: The location of the land is one of the most important factors to consider. You must decide what type of location you are looking for, such as rural, suburban, or urban. It would help if you also considered the proximity to amenities, such as schools, hospitals, and shopping.
- Size: The size of the land is another essential factor to consider. You’ll need to decide how much land you need for your intended use. For example, if you plan to build a home, you will need more land than simply planning to use the land for recreation.
- Zoning: The zoning of the land is essential to consider, as it will determine what you can and cannot do with the land. For example, if the land is zoned for agricultural use, you cannot build a home on it.
- Utilities: The availability of utilities is another critical factor to consider. You will need to determine if the land has access to water, sewer, and electricity. If the land does not have access to these utilities, you will need to factor in the cost of installing them.
- Deed restrictions: The deed restrictions on the land are essential to consider, as they will limit what you can do with the land. For example, some deed restrictions may prohibit you from building a home on the land or using it commercially.
- Environmental hazards: The environmental hazards on the land are essential to consider, as they could impact the value of the land and the cost of developing it. For example, if the land is in a floodplain, you may need flood insurance.
- Your budget: Setting a budget before you search for land is essential. This will help you narrow down your search and avoid overspending.
It is also essential to consult with a real estate agent like us at Mossy Oak Properties, specializing in land sales. We can help you find suitable land for you and your budget.
Here are some additional tips for searching for land to buy:
- Do your research: Before you start looking at properties, it is essential to do your research and learn as much as you can about the area where you want to buy land. This includes things like demographics, the economy, and future growth potential.
- Work with a Mossy Oak Properties agent: A Mossy Oak Properties agent can help you find suitable land for your needs and budget. We will also help you negotiate the purchase price and close the deal.
- Be prepared to act quickly: The land market can be competitive, so it is essential to act quickly when you find a property you like.
Buying land can be a great investment, but it is essential to research and understand the risks involved. Following these tips can increase your chances of finding suitable land for your needs and budget.
For personalized assistance and more information on farm and land purchases in Middle Tennessee, feel free to contact us. Our team of experts is here to help you every step of the way.
Some other resources:
Understanding Land and Farm Sales in Middle Tennessee
https://realestate.usnews.com/real-estate/articles/the-dos-and-donts-of-buying-vacant-land
