10
Beginner Land Purchase Factors You Should Know
Buying land is one of the more overlooked forms of real estate investment with surprisingly lucrative returns. Here are 10 beginner land-purchase factors explained that you should consider as part of your due diligence.
1. Having Professional Help
When it comes to buying land, working with a real estate or buyer’s agent can be a boon, especially if it’s your first time. You want to find a local professional in the area.
2. Where Is the Land Located?
Proximity, be it to the road, utilities, water sources, or town clerk services, is an essential factor when considering a land purchase as a beginner.
3. State of the Local Market
You want to subdivide the land you purchase, and you must ensure there'll be buyers to whom plots are attractive.
4. Environmental Issues
Take a look at the local environment or the ecological state of the land before thinking you've landed a good deal.
5. Shape and Size of the Land
Before buying land, you'll have a plan of its intended use. Getting the map and survey documents of a prospective plot purchase will help align your intentions with the size of spread you'll buy.
Tap the link below for the tips you should know to purchase land
Get your copy of my free Side Hustle ACTION Guide & learn how to start making money on the side using these proven steps that have helped 1,000's!