Real estate is not just properties as it can also be empty land which you want to build your own home on. If you are looking to buy a piece of land to build your home on, you will appreciate the assistance a real estate agent can give you as there will be a lot of questions you may need answered before you buy or, you could end up with a problem.
As with many things, the first consideration is location. You may already know the area you want to live but you should consider what the future will look like.
For instance, if the land you buy is part of a large development, what are the plans for that development? Wil, when the development is finished, your land be as ideal as it seems now or will houses block your view?
Will your house be next to a busy street or will it be more isolated? I don’t know what you are hoping for but whatever it is, make sure that that is what you will have when the development is complete. If however, you are looking for land which is more remote, which can be nice and also can be cheaper, you should first consider what it will cost to have utilities put in as electricity lines can work out very expensive and could make the overall price of the land far more expensive than you thought.
Also if the property around your land is also for sale, try and envisage what it will look like when all of that is sold, perhaps 5 or 10 years from now.
You will have to check on any local restrictions on building on land as some areas you are forbidden from building within a certain distance from the border of your land. These types of restrictions could seriously affect the plans you have for your home and so you must determine them before buying the land.
Ask about any ‘hidden’ concerns with the land and what I mean by this is there any mineral, water or other rights which the land is subject to. If for instance your land borders a lake, if that lake is used as a source of drinking water, you may be restricted to what you can do on your land.
If your land is located in a forest, does someone own the timber rights restricting you from cutting down certain trees and of course, if your land is not next to a road, will you be trespassing on someone else’s land in order to reach yours?
Although some of these things seem a little odd and perhaps irrelevant, there are those people that have been caught in one or two of these situations and would beg to differ.
It will be your land and you will be building your home on it and so regardless of how trivial or ridiculous a question may seem, you need to ask it and be sure that you get an answer before committing yourself to any type of agreement or payment.