Many people enjoy the convenience of living in a subdivision -- lots are usually smaller and easy to maintain. Some like the security of having people close by in case of emergency, plus some associations provide the luxuries of snow removal, swimming pools or club houses. But, living in a subdivision isn’t for everyone. The days of the wild frontier are over, and local and federal regulations now govern much of what you can do with a parcel of land. If you’re looking for a scattered lot to build upon, several things should be considered before buying it.
Keep Your Options Open - You probably have in mind what you are looking for in a lot – shade trees, road frontage, easy access but also somewhat secluded. Once you find a parcel of land of the right size and character, however, you should include a contingency in your contract giving you ample time to determine if the lot is going to be suitable for your intended use.
Research - You or your agent can check with the listing agent for any documentation they already have about the land’s zoning, suitability, water or a previous perc test. Ask for a boundary survey of the property. You should also check with the local planning and zoning commission for regulations regarding lot size, subdividing interests, building permit regulations and other pertinent restrictions.
Water & Sewage - Some lots available in rural areas have municipal, community or established water & sewer services and while others require septic & well systems installed. If the latter, the land will need to be tested for proper absorption and aggregate type in order to sustain a septic and well on the property. Some require septic finger systems while others are better suited for a mound system.
Tax Rate - Some acreage may be part- or fully- tillable and the tax rate on land used for agriculture is generally lower than the one used for residential purposes. So, you’ll need to decide whether to keep some acreage in crops, or prune it into shape as an extension of your yard.
As you can tell, buying a vacant lot involves more than finding one in the right area – and we would be honored to put our expertise to work for you to ensure your first step toward your dream home does not become a nightmare.
If you have questions about moving, building, selecting your first home or moving up to your next home, contact DAVID BRENTON’S TEAM.
When you are serious about moving… put our TEAM to work for you!
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