Some people are in the market for a used home. Other people want a brand new house somewhere in an established neighborhood.
If you fall outside of these two categories, you’re probably looking for land where you can build your own home and develop your own property. This option is ideal for people who enjoy a little more privacy or have big plans, like starting a homestead.
The question is, what should you know about looking for land for sale by the owner? What do you need to know about the property before you invest?
We’re here to answer these questions. Keep reading for some of the most important things to consider before buying private land for sale.
Tips to Know Before Buying land by Owner
What Are the Zoning Laws?
Check with the seller to find out about the zoning laws that apply to the land. For example, if you were planning on starting a small business on your property, you need to make sure the land is commercially zoned. If not, you could run into major problems in the future.
If the current property owner can’t tell you anything about the zoning laws, call the city or county planning and zoning department. They’ll be able to tell you everything you need to know about the land for sale by the owner.
Are There Any HOAs Associated With the Land?
Before buying land, it’s important to find out if the land falls under a homeowner’s association. In some cases, HOAs are incredibly restrictive. An HOA can dictate what you do with the land, including:
- Commercial use
- Types of fencing (if any)
- Types of buildings
- Number of buildings
- Types of animals allowed on the property
- And more
If the land is for sale by a private owner, they should be able to provide details on the HOA terms and conditions. Otherwise, contact the HOA directly.
Is the Land Developed?
If you want to buy land for sale by the owner in a more remote location, find out if the property is developed in any way. Every step you take to develop the land yourself will cost you more money. This includes:
- Electricity
- Phone lines
- Internet
- Water (well drilling)
- Plumbing (septic tank installation)
- Land clearing
- And more
However, if you buy land that’s already been developed, the price tag will be much higher.
Are the Boundaries Clearly Marked?
Finally, when searching for land for sale by the owner, learn more about the property boundaries. Are the boundaries clearly marked? Is the property fenced-in?
Additionally, find out if there are any easements that go through the property. These easements could lead to your neighbor’s property or to BLM land. Either way, it means people will be driving through your land.
If the land is expansive, you might also have to worry about hunters and other recreationists trespassing on your land by mistake. If you buy land with unmarked boundaries, it’s a project you’ll need to take on in the future.
Are You in the Market for Land for Sale By Owner?
There’s a lot to think about before you make a big commitment like buying land for sale by the owner. We hope this guide highlights some of the more important factors of consideration.
And if you’re looking for more real estate advice or consumer tips, we’ve got you covered. Before you go, take a look through the rest of our blog to find more articles that can help you find answers to your questions.
