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Buying Land? Don't Forget These 3 Important Considerations!
When most people talk about real estate, they envision buying an already-built house on already-landscaped property. However, buying vacant land and building a new home is a great way to ensure that you get the home that you want in the location that you want. It's also a major undertaking, which is why you should take these three considerations into account before you buy any land for your new home.
(1). Location, Location, Location: It's More Important Than You Think:
People often hear the phrase "location, location, location" and it's a very prudent maxim with buying land. The parcel of land that you buy should be in a good geographic location and on stable ground – which means there shouldn't be any major water sources nearby (like a swamp) and hills should be minimal. You'll also want to consider zoning regulations that influence the acreage and other regulations that influence how you can and cannot use the land.
(2). Utility Connections Will Be Your Responsibility:
New land tends to not have utilities laid out under or over the ground. If this is the case, you will need to invest in electrical, water, and possibly heat utilities for the home.
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