Buying rural land is a challenge. You need to know what to look for. Here are some answers to five specific land questions.
How does the area along Interstate I-40 stack up? Land Answers From Kingman to Seligman, Northen Arizona
#1 -- Starting with the soil and the potential to be able to build on it. Is the soil stable and can it absorb water or is it full of clay? Most of the land along that strip is very buildable, stable soil and provides excellent soil for gardens etc.
#2 -- Is there water? In much of Northern Arizona, water is so deep that drilling is very expensive and owners have to haul their water. When you do find shallower water and dig your well, is it likely to be drinking-quality? Water from Kingman to the top of the slope down into Seligman (Aquarius range) is usually shallow enough to drill wells, much of the Seligman area itself is "water haul" so if water is important to you - buyer beware and make sure your realtor knows their craft.
#3 -- Can you build an alternative home or have a modular on the property or are you restricted to site-built homes by HOA/POA restrictions? Are the HOA/POA fees too high? Many of the developments in the rural parts of this strip have low fees and are not restrictive. Willow Creek Ranch, right in the middle charges only $5 per acre per year for road maintenance. That is around $200/year for a 40acre parcel - very affordable road maintenance!
#4 -- How much are your taxes on this land? Who can assess taxes against your land? Are there easements crossing your property? Ta
xes in Mohave and Yavapai counties are reasonable, in the mid $200's for vacant land.
#5 -- Because banks rarely lend on land, can you find an owner or investor who is willing to carry a note on the property after a good down payment? Many land owners are willing to carry a note and there are also several investors in the area.
Answers vary for each parcel, so get find an agent who is used to dealing with land.
Land Answers From Kingman to Seligman, Northen Arizona
Comments(0)