How to buy land – A checklist for every buyer A land purchase is a long-term investment. And, buying land is different from buying a house, so I have compiled a short checklist for your reference during your land research.
Before you start your search, do you know what are you looking for? The main considerations for most buyers are:
- Price: What is your budget? Land is sometimes sold with a price tag, but more often you’ll see land prices in terms of price per acre. Bear in mind that you may be able to negotiate with the seller to divide a tract to help meet your budget.
- Location: Do you need your land to be located in a specific county or state? Or are you open to various locations as long as the land is within a set travel distance from your primary residence? How often will you be traveling to your tract?
- Size: Do you need a specific size or are you flexible on acreage to accommodate your budget? Can you manage 2,000 acres or would 75 acres be a better fit?
- Intended Use: Depending on your intended use, there are a variety of amenities and utilities that can mean the difference between enjoying your land right away, or spending time and money making inprovements.
2011 Charlotte Five Star Real Estate Agent