Getting the best deal when buying land

Owning vacant land has its advantages, one of which is the opportunity to build a custom home from the ground up. However, the process of buying vacant can be challenge, especially for first-time landowners.

To get the perfect plot of land, here are a few things you need to do:

1. Check local zoning laws and regulations
   Many land buyers make the mistake of purchasing land without knowing the local zoning ordinances. Zoning laws and regulations specify the type of property that can be built on it.

   By knowing the local zoning laws and regulations, you’ll have an idea of what you can erect that will satisfy all requirements. Head to city hall, the local zoning office, or search for the area’s official website to gain access to local zoning laws as well as other matters related to land use regulations and restrictions.

2. Evaluate the land
   Soil is important if you’re buying land. Whether you plan to grow crops or build a house that will last for generations, it’s crucial to know the type of soil you’ll be dealing with. Order a soil test to determine the kind that’s on your property.

   Some of the soil types you may encounter include clay, loam, sand, or peat.

   Accessibility is also an important factor that you need to review when looking at a potential property. Does the land have direct access to a public road? Or do you need to obtain a property easement?

   Consider the layout of the land as well. If your land is in a flood zone, buy flood insurance.

3. Hire a land surveyor
   Surveying the land determines the dimensions, boundaries, easements, and elevations of a particular property. A land surveyor will make precise measurements to ensure that the size and scope of the property you intend to purchase stand up to claims. The surveyor also preps the land for construction. Their work can prevent legal disputes from arising.
4. Get an appraisal
   While lenders normally require an appraisal before finalizing a loan, it doesn’t hurt to get one beforehand. In fact, knowing the market value of the property can be a huge help during the negotiation process. When determining the value of a piece of property, the appraiser will typically look at its location, accessibility, topography, configuration, and amenities.
5. Find comparable properties
   Another way to determine the market value of the land you’re eyeing is by comparing it to similar properties within the area. Using these comps or comparables, you can determine whether you are buying the property at the right price or not.
6. Talk to an expert
   No one knows the land-buying process better than an experienced and knowledgeable real estate agent. A local land agent will let you know about zoning regulations, the fair market value of your property, and the current state of the real estate market, all of which you can factor into your buying decision.

Check out the finest land for sale in Modesto, CA with the help of Soldavi Realty, California’s top real estate team. Contact us today by calling 209.383.3000 or send an email to a(dotted)diaz(at)soldavi(dotted)com.