What do you need to know about raw land?
Land is known as the single most sound investment you can make. From building to camping or a retreat, raw land is an investment that will grow with the market because it is limited. When it comes down to specifics, there are some things you should consider when looking at purchasing land.
What is raw land?
Raw land in its most natural form. It has not been tilled, processed, or cultivated for crops or livestock. There are no improvements like walking paths, driveways, or fences. This property will not have a septic system or be part of any water or sewage system. Properties can have electricity nearby, especially if there are buildings in the area. A lot of properties do have power lines alongside the property. You can look at a satellite map or see the property listing for amenities.
What do you want to use the property for?
Consider what you want to do with your land. If you're looking for a place for hunting, you want excellent topography and resources for the animals coming through. If you want to buy a property for farming or ranching, you want to look at the soil type. If you want to build a retirement or vacation home, you might be looking for near access to utilities and a way to get water onto the property. It is important to consider how you intend to use the property.
How is the land zoned?
Property zoning is done by local laws and typically is the division of land into different areas or ‘zones’. It is important to know how the county ‘zones’ the property because that can determine how you can develop the land and how to get permission for a building permit. The parcel can be zoned for residential, agricultural, commercial, among other zoning labels. These guidelines are in place for urban growth and development.
How is access to the property achieved?
There is most likely a public dirt road that will give you direct access to the property. You can check on any satellite map and see the county appointed roads and directions on how to get to your property. In the rare case that your parcel is land-locked and there isn’t direct road access, you might need to check if there is an easement in place that allows you to pass through another parcel to your property.
How can you build on it?
Check with the county zoning and ordinances to see the outlines and guidelines for building on a property. This can be found on the county website. In most cases, you will need to go through the county with a building plan and wait for approval. It is possible that you will have a deadline to achieve a certain amount of work. A lot of places let you live on the property with a RV if you have a building permit. Utilities are sometimes available near the property, but
Is it going to be a good investment?
Absolutely! Raw land is a great long-term investment. Over time, land appreciates due to the limited availability and the need for sprawl. Land is inexpensive to own, easy to purchase, and is easy to maintain. Owning your own piece of land gives you freedom and the ability to create your own dream.
