2006-12-01 05:41:55 · 6 answers · asked by branisha r 1 in Business & Finance ➔ Investing
One!
One if by land.
2006-12-01 05:50:09 · answer #1 · answered by Ranto 7 · 0⤊ 0⤋
1. What are you buying the land for?
a. build a permanent dwelling for primary residence
b. place a movable structure on it (such as a moble home - will they allow that and is the zoning condusive for it)?
c. build a structure for a business - what is the population/how frequent is the traffic on the road it will face, and is there a future possible re-routing of traffic (like route 66 businesses had issues when the highway was built and they lost all that traffic)
2. Where is the land?
a. is it sound to build upon (in Alaska you can buy land cheap but because of the permafrost houses can not be built on the land, or in California with the landslides)
b. What is the population like around the land - if for a house - what are the school systems like and future for resale like?
3. What is the availability of services such as sewer and electric to the land? Some places you have to pay several thousand dollars to have power run to land.
4. What are the adjacent lots zoned for?
How is that?
Good luck!
2006-12-01 13:50:54 · answer #2 · answered by typewithnospaces 3 · 0⤊ 0⤋
Also see if you can find out what is beneath it...like toxic waste/ dump ground. Does it have utilities on it? If not....would it be easy to get them? And would the cost be to you or the county/city? Find out from your city or county or state...if there are any restrictions as to what you can do with your land, especially if it has water running through it.
2006-12-01 13:48:36 · answer #3 · answered by TexasRose 6 · 0⤊ 0⤋
Make sure it isn't land locked.
Check to see if there are any liens, taxes or assessments due.
Buy though a reputable agent.
Check out the HUD site for deals....always remember..if it is too good to be true, it is.
2006-12-01 13:45:04 · answer #4 · answered by mrscmmckim 7 · 0⤊ 0⤋
You can buy land in Saskatchewan for $1.00 if you promise to build.
2006-12-01 14:39:47 · answer #5 · answered by $Sun King$ 7 · 0⤊ 0⤋
you need to begin to study what easements, encumberments, and liens are. other importants things besides price and location might be right-of-ways, access to a road, and environmental concerns with the property, etc.
very broad question.
2006-12-01 13:45:31 · answer #6 · answered by more than a hat rack 4 · 0⤊ 0⤋