| Like a house, buying land can be a very stressful | | | | checking what the future land use proposals are |
| business, unless you follow certain guidelines. I aim, | | | | for you could be picking up a bargain. Always |
| in this short article, to give you some tips to | | | | check with your local Zoning office before buying |
| make the whole experience of buying land as | | | | land, this can prevent nasty shocks in the future. |
| smooth as possible. | | | | You don't want to end up living next to a |
| First of all, know your budget and stick to it. Many | | | | slaughterhouse or freeway! |
| people get themselves into serious financial | | | | Its a little different when it comes to land |
| problems when they buy land that is overpriced, | | | | investment. If you are speculating then it may |
| or simply more than they can afford. You should | | | | well be worth taking extra risks and buying |
| also consider the reason for buying the land, for | | | | discounted land to sell when people decide to |
| you may be able to pay more for land that is for | | | | come and settle there. Always consider local |
| investment purposes than for say, your | | | | amenities and natural features such as a Lake |
| retirement. Longer term investment in land can | | | | Front, Lake View, or nearby gold course as these |
| also affect your budget, especially if you are | | | | always attract a premium price when developed. |
| buying the land under a finance deal. | | | | Finally, ensure that the deal is legitimate. Perform |
| Another factor to consider is what is the potential | | | | due diligence, get a lawyer involved if the deal |
| future value of the land you are considering | | | | warrants it and ensure that you get, for example |
| purchasing? If you are buying for retirement | | | | a Warranty Deed, or a similar document to prove |
| purposes or to build a house to live in then you | | | | that you actually own the land, and of course you |
| probably want to buy land that is already zoned | | | | should ensure that the person selling you the land |
| and has suitable infrastructure already in place. If | | | | actually owns it in the first place! |
| you are a speculator then it may be worth | | | | |