It’s happened to all of us. You see a beautiful piece of land in an area where you’d love to live. Instantly, you imagine building your dream home.
Before you go too far, consider some of the issues that could lie beneath that perfect property – and understand the process you’ll need to go through to assure it’s a wise investment. This article from Walnut Street Finance gives you a head start. For example, you’ll should understand local zoning laws and potential environmental impact factors. The property history will need to be reviewed to uncover possible factors that could impact your ownership or the land’s buildability. Of course, you’ll also want to be sure that you can obtain financing. Not every bank or lender offers financing for vacant land. But, don’t be deterred! It’s possible to build your dream home on that ideal property. Just do your homework first.
Need help? Vanguard Realty Associates is here to help!