Important Mistakes to Avoid When Purchasing Land

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Important Mistakes to Avoid When Purchasing Land
IT IS CRUCIAL TO ASSESS THE BENEFITS AND
DRAWBACKS OF THE ACTUAL PURCHASE, WHETHER YOU ARE
LOOKING FOR LAND FOR SALE AS AN INVESTMENT OR AS
A LOCATION TO BUILD YOUR DREAM HOUSE. EVEN THOUGH
MOST LAND BUYERS ARE SUCCESSFUL, IT IS CRUCIAL TO
AVOID THE FOLLOWING BLUNDERS.
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Deed Restrictions and Zoning
VERIFY ANY ZONING AND DEED LIMITATIONS THAT ARE
ASSOCIATED WITH THE PROPERTY. YOU DO NOT WANT TO
BUY A PIECE OF LAND ONLY TO FIND OUT YOU CANNOT
BUILD A SECOND HOUSE IN ADDITION TO YOUR PRIMARY
ONE. THIS WILL GUARANTEE THAT YOU CAN USE THE
PROPERTY IN THE MANNER YOU INTEND. IT IS
IMPORTANT TO REMEMBER YOU WILL NOT GET ALL THE
ZONING AND RESTRICTIONS STATED ON THE FIRST PAGE
OF YOUR SALES CONTRACT OR DEED.
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Historical or Environmental Factors
IF YOU BUY LAND WITH ANY ENVIRONMENTAL OR
HISTORICAL ISSUES, YOU CAN END YOURSELF LIVING A
NIGHTMARE. A HISTORICALLY SIGNIFICANT GRAVEYARD,
AN ENDANGERED ANIMAL, OR AN ARCHAEOLOGICAL SITE
ON YOUR LAND THAT IS LEGALLY PROTECTED, THESE ARE
THE LAST THINGS YOU WANT TO DEAL WITH. It is
crucial to take the time to do an environmental
survey of the land. Since, it will help you to
prevent these undesirable outcomes. It would not
make sense for you to buy property only to be
limited in how you might use it.
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Discrepancies in Acreage
MAKE SURE THERE ARE NOT ANY ACREAGE
INCONSISTENCIES WHEN SEARCHING FOR LAND FOR SALE.
FOR INSTANCE, THE SITE MIGHT HAVE PREVIOUSLY BEEN
DESCRIBED AS HAVING 20 ACRES. BUT A RECENT EFFORT
TO WIDEN THE ROAD RESULTED IN A REDUCTION TO 15
ACRES. TAKE THE EFFORT TO CONDUCT A LAND SURVEY
AND SECURE THE RIGHT TITLE INSURANCE TO VERIFY
THE REAL AREA OF A PROPERTY TO PREVENT THIS
SITUATION.
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Possible Boundary Conflicts
YOU DO NOT WANT TO BUY LAND THAT HAS A TREE OR A
BUILDING THAT YOU WANT TAKEN OUT ONLY TO FIND OUT
THAT A NEIGHBOR OWNS A PORTION OF IT. DESPITE THE
FACT THAT A LAND SURVEY CAN HELP YOU PREVENT LOT
LINE ENCROACHMENTS, YOU SHOULD STILL TAKE THE
TIME TO INVESTIGATE ANY POTENTIAL BOUNDARY
DISPUTES. THIS WILL HELP TO SEE WHETHER THEY
COULD LEAD TO ISSUES IN THE FUTURE.
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