If you want to buy a piece of land, but you don’t dispose of the needed sum of money, you might want to consider buying land on which there already is a house built. This part will help you recondition or demolish and rebuild the existing house, but within a fair price.
There are a few tips that you need to take into consideration, if you want to go for this kind of land, especially if you want to preserve the existing building.
First of all, make sure that it won’t get demolished on its own. Many buyers find out, after they pay for the whole package, that the walls or the interiors are not as firm as they look, and this can take you to spending a fortune trying to recreate the initial aspect of the house.
One more important aspect is the location of the land. Whether you want it for yourself or for investment, you need to make sure that it’s close to important landmarks or shops. Nobody will want to live in a house, if they need to drive for an hour to buy a bread or if the money spent on gas are creating a hole in the budget. If you don’t know the area well, you can use some online tools for this, such as Google Maps, which allows you to check what kind of other properties and facilities reside in the near vicinity of the land that you want to buy.
If the desired land is in an already built community, you might want to make sure that you know and understand the extra fees and the rules for landscaping that exist in the area. The homeowner’s associations are allowed to set some grounds, in order to have a neat and nice neighborhood, so make sure that your desires are alike the already set ones.
One of the most important things that you need to take into consideration represents the utilities. Water, sewage, gas, phone and internet are a few of the needed utilities in a respectable house. If the water and the sewage can be replaced with a well with a hydrophore and a septic tank, gas and other utilities are hard t come by in an isolated area. If you still want to buy that place, make sure that you know all the extra costs that are involved.
Along with all of these, the last two important aspects consist in building permits and the accessibility of the land. You should make sure that you will get the license to build or rebuild the house in a way that you like, and the fact that bringing the materials there can be pretty expensive or impossible, of the accessibility to it is close to zero.
You should ask for a professional’s help when buying a piece of land, empty or already built, and yo can find the online. One great example is Business Properties, and you can find them on http://businesses-properties.com/buying-land/