Whether you want to build your dream home or invest in a commercial construction project; to buy land has a lot of advantages. Basically, the land is yours, you could do whatever you want with it and enjoy it for years to come, until you decide to sell it or demolish your construction to build a different project.
However, this real estate transaction isn’t as easy as you might think. In order to avoid major complications, there are very important aspects to take into consideration before buying land in NC. The choices and details involved in this process may seem overwhelming. But, if you know the right steps to take, then purchasing land can be profitable and rewarding.
This is probably one of the biggest investments you’ll make in your life. Therefore, it’s imperative for you to follow the right path and avoid mistakes at all costs. Lucky for you, we’re here to share 6 useful tips to buy land in NC:
- Set Clear Goals
The first thing you need to do is decide what you want to do with the land. Are you building a retail store, a gym, a restaurant, or your home? Narrowing your search will significantly impact the whole process by saving you time and trouble. In addition to guiding your focus, setting goals also motivates you to develop the proper strategies and helps you anticipate and prevent future problems.
- Set a Realistic Budget
If you’ve never bought land before, the process can be a little confusing and tricky. There’s a big list of surveys, fees, permits, assorted charges, and legal costs that can make inexperienced land-buyers be surprised by the scope of post-deal development costs. At the end of the day, you decide how much you’re willing to pay for the parcel, but it’s important to be prepared for any unexpected fees.
- Create a Real Estate Network
Asking for help is always a good idea when you’re new at something. By creating a network with real estate professionals, you can get an excellent guidance on how to choose the right option. If you’re willing to pay for the services of a real estate agent, you could also hire one to walk you through the whole process. However, make sure that your realtor has vast knowledge and expertise in the field.
- Have Environmental Testing Done
If you’re considering buying land in NC that’s been vacant for many years or is rural acreage, having environmental testing performed is a must to ensure the safety of the project. If the vacant land was once used for a gas station, for example, polluted groundwater and soil contamination are aspects that could prevent you from obtaining a building permit.
- Check Out the Neighborhood
Whether you’re building a residential or commercial construction on your property, it’s imperative to be surrounded by a nice and complete neighborhood. Nobody wants to drive for 2 hours to get to a supermarket or to pick your kids up at school. Take your time to drive around the land and evaluate the advantages and disadvantages of the neighborhood to make a good decision.
For example, if you’re the head of your family and you’re trying to find a good place to build your home, make sure to look for schools, parks, and hospitals. On the other hand, if you’re investing on a commercial project such as a shopping mall or hotel, then you must evaluate your competition very carefully and make sure that there are many residential houses around you.
- Don’t Forget Natural Disasters
Do not invest on land that can represent danger for you, your family, and the rest of our community. No matter how lovely a parcel of land looks, always keep your eyes open for hidden natural hazards that could prevent you from building a safe project. For example, if the land is located in a floodplain, you may not be able to receive a building permit.
The Best Land Sellers Are Right Here
If you’re trying to learn how to buy land in NC, we’ve got great news for you. At Easy Sale Home Buyers, we provide the best deals for land purchase in NC. Forget about the hassle of not finding quality land for your project, our team is committed to providing you with the most efficient and quickest solutions, as well as a remarkable customer service.