Considering Purchasing Raw Land?
Choosing to build your home on raw land allows
you to find a location with views and scenery that appeals to you and gives you
a range of choices for the design of your home. However, with the freedom
you're afforded by raw land, there also come challenges with it. Here are four
things you need to know about buying raw land.
Finding the Site
Consulting a real estate agent is the best option for identifying sites, especially if your search covers a widespread area. Before purchasing raw land, you will want to actually visit the location and walk over the property. You will also want to investigate adjoining properties because you will want to know whether there are large-scale farming operations that may affect the potential value or your quality of life.
Sewer and Water
Before you can build a home, a health inspector has to visit the site to conduct a "perc test" to establish the land's rate of drainage for a septic system. This will determine where you can place your primary and repair drainage fields, or determine if you will need to install a custom system, which can raise sewer septic costs by up to five times.
Without hiring someone to evaluate the land,
there are things you can do to get a sense of the type of system the property
can accommodate: Ask neighbors about their water and sewer and check to see
what their living conditions are like in terms of water and flooding.
The electrical connection is generally more costly than water and septic considerations. You may be able to connect lines to an adjoining property with your neighbors' permission. Utility companies can send an engineer to a site to calculate the installation expenses based on the distance and number of poles.
Not only do you need to have the title analyzed to be sure your property isn't landlocked, you'll also need to do research in terms of road access. You may need a special road to be built to bring in equipment to dig a well, or you may need a forklift to be brought in to lift heavy materials.
You will need to factor in these costs for
this access road for the building process, which can be pricey. Look into the
potential expansion of public roads on or near your desired home site by
contacting the state department of transportation's engineering department.
Another potential issue you may face is an environmental regulation on where or how you can build. Ask your real estate agent, lawyer, neighbors, and regulatory agencies about these environmental concerns.
If you're serious about investing in raw land, give me a call so that we may discuss the particulars of the area you're interested in and your specific needs. Our website is a great place to start your search for rural property. Ruralkc.com 913-837-0760 or 913-837-0411.