Do you dream of buying your own land? If so, what would you do with it?
The possibilities are plentiful! People who own land often build a home to raise their family or a weekend cabin for getaways to the country. They hunt, farm, fish, hike, ride horses, and enjoy a peaceful life away from the city. If this sounds like what you’re looking for, we’ve compiled a list below that will help you prepare as you take the first steps toward making this dream a reality.
After many years in the land business, we’ve helped countless people search for and purchase property. Here are the most important things to consider as you prepare to buy land.
- What area do you want to be in or are you simply looking for affordable property?
- Are you looking for rural land or something in town?
- Do you have a property size and price point you want to stay in?
- Are you looking to build in the future?
- Would you like to be off-grid (no utilities)?
- Do you prefer unrestricted property?
- What do you desire to do with the property? Hunt, garden, start a farmette, put up a tiny house or maybe a barndominium?
- Do you have any commercial plans for the land?
- Would you like to have a driveway, well, or septic system installed? Ask your land agent for a list of local contractors and reputable builders to get you started quickly.
- Lastly, are you cash or financed? For financing, your agent can provide information on local lenders that specialize in raw land loans. Your lender can even convert your land purchase into a construction loan in the future. Plus, don’t forget to explore special offers for purchasing with a 401k/IRA without penalty or using a Home Equity Line of Credit.
Once your financing is secured, you’ll be good to go! Start your search with a knowledgeable land agent who will take into consideration all your plans and find you the perfect tract.
It’s time to live the dream!