It’s something very special when a plot of land is all your own. To stand on your own property often brings a feeling of pride, ownership, connectivity. But while there are countless benefits to being a landowner, it’s not always easy to know if you’ve done enough planning.
Buying raw land means saving a substantial amount of money, especially in rural areas with low populations. You can often find affordable financing from the seller when a loan from the bank isn’t an option.
Zoning research is a crucial step in the land use planning process. The simplest way is to do so is to call your local zoning department. They’ll be able to tell you whether or not you’ve met all the requirements necessary for building on the land.
Plan ahead to get the most of your property
Now that you have the land, you need to decide what you want to do with it, whether it’s to raise livestock or build the house of your dreams. One common use of land is as an investment to support retirement, but you might be developing it as a means of quitting your regular nine-to-five job. In any case, making this decision will help you plan accordingly.
For example, if you want to use the land for hunting, you’ll need to make sure there’s enough wildlife in the area. If you’re interested in fishing, you’ll want to look into nearby lakes and streams.
It’s important to ask yourself what defines success for an investment. Having a clear vision in mind allows you to have a definite finish line, so that the project doesn’t become a never-ending life-consuming thing.
There are few things in life more gratifying than owning your own plot of land. Once you own the property, it’s critical that you take the necessary steps to plan out your use for the land to ensure that you get the most out of it and don’t end up making costly mistakes.