Select Riviera Blog

Why to Buy a Residential Lot

  • Admin
  • Nov 13 2020

Buying a vacant lot or land brings opportunities, here are things to consider when it comes to essential services:

  • Before you jump into buying land, find out if city or community water and sewer connections are available on the lot or land.
  • If sewer hookups are not available, make your offer to buy land contingent on the ability to install a septic system rated for the number of bedrooms you require.
  • Find out if other home-buying contract contingencies are advisable for land purchases. For instance, in some areas, water rights do not convey with land, and that means you could not dig a well.
  • Make sure electricity and phone service are available at the property. Check cable service if that is a priority.

Once you know you can obtain essential services, you might be ready to build. Before you start, here are a few considerations when it comes to land access and zoning: Verify that a road maintenance agreement is in place. This document states that everyone on the road agrees to help with its upkeep. Also, there should be a deeded right-of-way in place for land not accessible by a public road. The deed should give you and future owners the legal right to access the land, known as an easement. Study the deed to discover if other persons or tracts of land have been granted easements to use your land in any way. Be sure to check the property’s deed restrictions to make sure the type of residence you plan to build is allowed. For instance, some areas do not allow manufactured housing. If the lot is in a planned development, ask for a copy of the restrictive covenants. That’s where you’ll find restrictions for maximum house size, whether other structures are allowed, and other limitations. You should ask the city or county if zoning changes are anticipated for the area or if there’s a plan to build new roads or widen existing ones. If there are environmental hazards on the land, such as old buried oil or gas tanks, decide if you are willing to remove them or if you will ask the seller to take care of removal and cleanup. Decide if you want a new boundary survey. Surveys are standard in some areas but rarely required in others. They’re nearly always a good idea. And the most important part: AMENITIES:, review if you will have additional amenities like:

  • Beach Club
  • Club House
  • BBQ Areas
  • Golf Course
  • Pools
  • Gym
  • Etc

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