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10 Tips for Buying Land

With so much competition for single-family houses and so little available inventory, some real estate investors are shifting their focus to land as their next investment frontier. Meanwhile, some homeowners are hoping to escape the congested neighborhoods and purchase some country land.

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10 Tips for Buying Land

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  1. 10 Tips for Buying Land with so much competition for single-family houses and so little available inventory, some real estate investors are shifting their focus to land as their next investment frontier. Meanwhile, some homeowners are hoping to escape the congested neighborhoods and purchase some country land. If you are looking for land for sale, whether for investment or personal reasons, you will need to arm yourself with the knowledge given in this blog to avoid making a costly mistake. While purchasing land may appear simple, there are other details to consider that a single-family home buyer does not have to think about.

  2. Examine the Surrounding • You may look at Google Maps and satellite pictures, as well as use their terrain filter. However, we can tell you from personal experience that you would not know what the landscape is like unless you see it for yourself. Even if you are investing from afar, you must inspect the land before purchasing it.

  3. Has the Land been Cleared or Planted? • This is normally visible on Google Maps, but it may be an older satellite image, so you should view it in person. You can check this while inspecting the terrain. When negotiating, you must be clear that the other comparing to are cleared or treed land. This is because new laws make clearing treed land more difficult than it used to be. Permission is required to take down a tree larger than 12 inches in diameter. You are frequently compelled to plant new trees to compensate for the ones you have just taken down. If the trees become too large, you must go through an approval process.

  4. Determine Whether the Land Contains Wetlands • What exactly are wetlands? Wetlands are defined by the Department of Environmental Protection based on the sort of water-loving plant that grows in the land’s hydric soil and are protected. Fortunately, there is a tool that allows you to search for wetlands on the land where the government believes they exist.

  5. Ensure that the Property Has Access to a county-Maintained Road • Hence, transactions take place in remote areas, and occasionally the land does not have road access. Sometimes it has road access, but it is a private road. You need access to a city-maintained road. This does not require a paved road; it might be a gravel road. However, it requires county-maintained status because septic permits are frequently denied.

  6. Contact Us • Suite 1, 1 Cook Drive, Pakenham Vic 3810 • reception@thecompanyre.com.au • 03 5918 4315 • Content Resource: https://thecompanyre.com.au/10-tips-for-buying-land/

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