Purchasing land is a great investment no matter what you’re planning on doing with it, but there are a lot of things you should do before going forward with a land purchase. Taking the proper steps prior to buying land, including investing in any necessary land surveying, is the best way to make sure your investment gives you the results you’re looking for. Keep reading to learn about a few of the most important things to do before purchasing land.
Buying a plot of land always comes with certain risks, but the benefits can be well worth it for buyers who know how to navigate the process effectively. To help you make sure you’re on the right track, here are a few of the most important things to do before purchasing land:
- See it in person: Some eager buyers make the mistake of purchasing land sight-unseen, but that almost always comes with some unwelcome surprises down the road. Always make the trip to check out your land in person before going through with a purchase so you can avoid any problems that might not be clear from the listing or the photos.
- Find out about restrictions on the deed: Some land comes with certain restrictions on the deed that can limit what owners do with the property. While many of these restrictions are likely to be irrelevant depending on your planned land use, some might actually interfere with what you would like to do with the land. Make sure you understand the effect of any restrictions on the deed to ensure you won’t be prevented from using your land the way you want to.
- Verify resource rights: Sometimes, landowners will sell the rights to certain resources, including minerals, timber and water, while maintaining the deed to the land. When the land is sold, the resource rights aren’t sold with it. Find out about the status of any resource rights and whether they’ve been sold before purchasing the land.
- Confirm financing details: Managing the costs associated with purchasing land can be stressful for buyers, but it’s important to stay on top of financial details as much as possible during the buying process. Evaluate your options for financing for your land purchase and make sure you know as much as possible about the costs associated with your purchase.
- Get a survey: For the best assessment of your new plot, get a professional land survey. A land surveyor can thoroughly inspect the land and provide a detailed report so you know exactly what you’re getting.
Land surveying services
If you’re planning on purchasing land in the near future, make sure you can get the most out of your investment with comprehensive land surveying services from D.G. Smyth & Co., Inc. Our experienced and fully-licensed team can provide quality surveying services to make sure you get exactly what you need in advance of your land purchase. Give us a call today to find out more about what we have to offer and to get started with a consultation and quote.