Purchasing vacant land is completely different than purchasing a home. Buyers will often walk a lot and if it meets their criteria as far as level, wooded, position on the street, etc. then they are ready to purchase. When a buyer is considering a vacant land purchase though, they should do their due diligence to make sure there are no hidden defects or obstacles that could affect the future value, the possibility of building, the cost to build, future liabilities, etc.
1.) Soil Evaluation: Evaluate soil suitability, grading, drainage and other soil matters.
2.) Zoning and Land Use Regulations: Check with the local zoning department to see what is permitted to be built on the land.
3.) Survey: Have property surveyed for... Read More