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Buying Land? Top 4 Things To Consider
Buying land is an exciting prospect. When you find just the right lot, you can almost imagine the endless possibilities for the home of your dreams. However, before you get too carried away daydreaming about your future home, there are 4 very important things you need to consider when buying land.
1. Elevation/Flood Plains – In the Myrtle Beach area, we get rain – and lots of it. Being near the ocean means heavy rain storms can form quite often. Tropical storms and hurricanes also dump quite a bit of water along the Grand Strand. With all of this water, floods are not uncommon. You might be able to score a bargain price on a land lot in or near a flood plain. However, the measures required to protect any structure you build from frequent flooding plus the cost of flood insurance can quickly devour any “savings” from that bargain price.
2. Utility Connections – Is the land you are considering already set up with connections to local utilities? Local utilities include water, sewer, gas lines, electricity and cable or fiber optics for internet, television and phone service. If the lot is not already set up with connections to these local utilities, the set-up cost of getting these services ... more

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