Buying land can create new opportunities that many people overlook. Whether you’re interested in building your own home on the property or plan to use it for recreational purposes, purchasing land is a great investment for everyone. If you buy the right piece of land, you could be making one of the best choices of your life. Although, you do have to put in the work and know what to do and what to look for when you’re purchasing land. 

Follow this guide to be sure that you’re making the right decision before you buy land. 

Find the right piece of land

An easy way of finding the right land is by working with a real estate agent who specializes in selling vacant lots. This process can be slightly different than looking for a home, so it’s important that your real estate agent has experience working with land. Although you’ll have to pay a commission, you could save yourself from dealing with a lot of stress on your own. This will also ensure that every part of your purchase will be handled correctly. 

Of course, you might decide to purchase the land on your own, without the help of a real estate agent. While working with a professional can make it easier, it’s entirely possible for you to get the perfect piece of land without any outside help. For this, your best option will likely be to look online for available land in the area you want. No matter where you’re looking, you’ll be able to browse online for land, just be sure that you also visit the land in person. 

Ask about any restrictions

Zoning rules are some of the most important things that you need to have cleared before you make any final decisions about buying land. When you’re looking to buy land, there can be several different restrictions that can keep you from building or making major changes to the land, even after you own it. If you plan on building a home or anything else on your land, this can make it completely useless, although it might be perfect for you otherwise. 

How will you access the land?

Depending on where your land is, getting to it can sometimes be complicated. If you haven’t purchased land before, how you’ll be able to access it might not be something you think to ask. If you’re buying land in a rural area, there’s a good chance you could be buying land that doesn’t have access to a road. You may also need to build a road yourself to be able to get to your property. When you’re looking at land that has no access to a road, this is something you’ll need to work out with the owners of the neighboring land. Someone with access to a road will need to give written permission, also called an easement, to use their property to get to yours. 

Will you need utilities?

Of course, if you ever plan to build on your land, you’ll have more to take into consideration before you buy it. One thing to find out about if you’d like to build in the future, is what type of utilities are available. A home will require you to have access to water, electricity, gas, and a sewer system. If you’re going somewhere extremely rural, this might make it more difficult for you. While these are things that you can have done yourself, it is a huge expense that you’ll need to be prepared for. 

Be aware of any environmental factors

The land you visit might seem perfect while you’re there, but there can be much more than meets the eye. You might see the land during good weather, but it can be completely different during bad weather. It might not be easy to see, but you might be buying land that’s prone to flooding when it rains. You should also have the soil tested in that area no matter what you intend to do with the land. Environmental factors can make it difficult in the future if you’re planning on building a home, using the land for agriculture, or if you’re looking for a hunting property

How will you be paying for it?

Like anytime you make a major investment, you need to be ready to take on the expenses that come with it. Fortunately, purchasing a vacant piece of land can be much less expensive than purchasing a home. While you might plan on spending more later down the line for whatever your intentions for the land are, the initial payment will be much less. It can sometimes be more difficult to get a loan to purchase land than it is for a house, but this could be something you’re able to save for and pay out of pocket. Before you make the purchase, you’ll also have to figure out how you’ll be managing the property taxes for it in the future.