Whether you are considering buying vacant land for the purpose of building a home, starting a farm or expanding an existing business, it is important to do your due diligence before making a purchase. In addition to ensuring that the title of the property is clear and that you can legally carry out your plans for the land, there are several other factors that should be taken into account when considering whether vacant land is an investment worthy of your time and money.

Zoning laws are rules set in place by city, town or county governments that dictate what can and cannot be built on a piece of land. These regulations are also referred to as deed restrictions and can affect everything from whether you can raise livestock on the land to how many mobile homes can be placed on the property. Companies that buy vacant land take zoning laws into consideration when they are reviewing properties and will often request to see the zoning laws for a property before deciding to make an offer.

Road access is a critical factor when it comes to purchasing vacant land. It might sound like a no-brainer, but in rural areas, vacant land can often be cut off from public roads and require a private access point. In these cases, the cost of installing a driveway or even putting in a basic road could add up to significantly increase your budget for any project that you might want to undertake on the land.

If your goal is to build a home on your vacant land, it will be necessary to have utility access installed on the site. This includes electricity, gas and lines for Internet, television and phone. This is one of the reasons that buying a fully-developed piece of land is usually a better choice than purchasing raw land, as it will save you money in the long run.

Investors will often look for vacant land that is near or within a city so they can get the benefit of utilities without having to pay the higher prices for undeveloped land. However, investors can also find below market value land outside of cities by searching for vacant land by owner and looking at zoning maps for the area.

Vacant land is not as popular an investment option as homes, but it still offers compelling benefits to investors and can be an excellent way to diversify your real estate portfolio. Investing in raw or vacant land is not for everyone, but it can be a great opportunity for those who have the time and resources to devote to it. By doing your research and working with a trusted real estate agent, you can avoid the headaches that come with a poorly-made vacant land purchase. To learn more about We buy vacant land, contact us today. Our team is ready to help you find the perfect property for your needs.