How to buy a new property

HOW TO BUY A NEW PROPERTY 10HS ТОР It's the biggest purchase of your life, and small mistakes can cost large. So we've drawn up a house-buying battleplan, with 10 top tricks. Location Before you talk with a real estate professional or begin to look at land, yo and your family need to determine what most important to you in a location Is it the quality of the schools and the activities you will be close to that matter the most? How much do you have to spend on land? Can you build on it? While all land may seem to suit the construction of your dream home, it is essential that you determine how much of the lot can be built upon ---- Types of land- There are two (2) types of property: Developed Land Undeveloped Land If you buy undeveloped land, you will be responsible for bringing the utilities to your home, and in many cases, you must build and maintain the roads into your property Which has the utilities brought to the site and roads built Zoning When looking at a piece of land, talk with your real estate professional and your local zoning board regarding what factors you might need to take into consideration before you build Permitting 05 What types of permits will be needed in the county or city where your prospective property is located? Restrictive covenants 06 There can be restrictive covenants associated with the land you buy Utilities and roads Before you buy, be sure to know what utilities have been brought to the property. Liens and easements These elements may or may not be a big factor in any property you are thinking of buying. Surveys 09 When looking at a piece of land, look for the iron pins at the corners of the property, or whenever the property line makes a turn Costs to develop the land Once you know what land you want to buy, take into consideration the costs involved to develop it before you make an offer Issued by abode