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3 Tips for Purchasing Land

Aerial view of farm fields divided by a country road

Buying land is a big investment. Whether you want to build your dream home or start a farm, consider these three things before you buy.

1. Location, location, location

Think about the climate, how close you'll be to amenities, and whether the land is buildable. If you plan to build a home, for example, make sure the land is zoned for residential use.

2. Get a professional opinion

Before making an offer, consider hiring a land surveyor and a soil scientist. A surveyor can confirm the boundaries and identify any easements or encumbrances. A soil scientist can evaluate soil quality and tell you what will grow well there.

3. Know your budget

Have your financing in order before you make an offer. The last thing you want is land you can't afford. Talk to a lender and get pre-approved so you know exactly how much you can spend.

Keep these three things in mind while you search, and you'll be much more likely to find the right piece of land for your needs.

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