What To Consider Before Purchasing Land For Sale
When you buy land, you are making an investment in the future, so you want to make sure the land you purchase has everything you need and will be able to give you everything you want. Today, we are going over just a few things to take into consideration when looking at land for sale in the Texas Panhandle and surrounding areas. Triangle Realty is your ideal rural real estate company for buying land in Texas, Oklahoma, New Mexico & Colorado.
Keep reading to learn about five big components to consider when investing in land, or if you’re a seasoned pro when it comes to buying land, check out land properties for sale.
Is this land suitable for my goals?
This consideration involves a lot of common sense as well as advice from your land broker. What do you want to do with the land? Do you want to hunt or grow crops? Do you want to raise livestock or sell timber? Does the land have enough acreage for sale to accomplish your long-term goals without getting in over your head?
How is the property accessed?
The further away from cities you go, the more likely it is that you will find non-conventional access to properties. You may be required to maintain your own access road or may have to allow a neighbor to cross your property to access theirs. There may be a dirt road that floods during the rainy season, or there may be a convenient state-maintained paved road that goes right to your front door.
What utilities are available?
If you grew up on a farm or large piece of land, you may be familiar with well water and septic tanks. However, if this is your first venture into investing in land, be sure to ask your land and farm Realtor® about utilities. Are you on city or well water? Does your land even have access to electricity? You may even want to check if you get cell phone service when you do a walk-through if that’s important to you. If any of these are deal breakers, we’ll find you a more suitable property.
Are there building or use restrictions?
Building and use restrictions can be legal or practical. If you want to use the land to grow crops but it’s 90 percent sand, that might not work out very well. Or your municipality may have regulations prohibiting the commercial or agricultural use of the land. Your agent can help you find the latest information on zoning regulations and use restrictions on any plot of land.
What is the lay of the land?
Is the land completely flat, or does it have slopes and hills? How does it drain during the wet season? If you plan on building a home from the ground-up, is there an adequate location for that? Are there rivers, lakes, or ponds on the land? All of this will be important when you look to the future of maintaining and preserving the land.
Looking For Land For Sale? We Can Help
When it comes to buying agricultural land, hunting land, or simply investing in acreage, it is important to choose a real estate agent who has tremendous experience in the land and agriculture industry. Triangle Realty has multiple agents, such as the JT& Jamie Haynes Team, Craig Cooper, The Bridges Team, Cindy Sherrod and plenty more who are well-versed in land transactions. Their expertise, experience, and dedication to their clients make them some of the best land realtors around. Get in touch with Triangle today to talk more about buying land in Texas, Oklahoma, New Mexico & Colorado!
Leviticus Bennett says:
Ah, thank you for mentioning that as you get further from cities, the likelihood of using nonconventional travel to get to your property increases. I’m actually thinking of buying a ranch out in the countryside. It’d be nice to have a plot of land that I could develop to my satisfaction.
Jesse Ford says:
I like how you mentioned that you should decide what you want to do with the land you by such as grow crops, raise livestock, or sell timber. My wife and I are considering looking at ranch properties for sale because we’re thinking about buying and raising livestock on the land. I think it’s a good idea to consider hiring a reputable professional that can help us choose which property would be best for what we’re thinking about doing.
Taylor Hansen says:
I like that you said to pay attention to the accessibility of the property and if you will be required to maintain roads. My uncle is looking at some land to buy out in the country where he can have his bees and goats. I’ll have to help him find good properties that are for sale at the moment and how you access it.