Sunday, December 17, 2006

Key Cost Factors to Consider for Purchasing Land

Land ownership is within your reach. Away from population centers, a sizable parcel of real estate is a definite asset. Accurately assessing your financial capabilities, your lifestyle and your goals are essential to making the right buy.

Four Important Considerations:
Property very close to a popular vacation area or a major city is expensive. A property's location will determine its price, and may be a factor in how much property you can actually afford to purchase. You might want to consider purchasing property further away from a major city, ski area or lake in order to maximize your investment dollars.

If you're looking for a home site, consider both potential values AND privacy requirements. While one or two wooded acres will provide privacy, a better buy might be a larger area of land. For example, your cost per acre on 10 acres will probably be much less than the cost per acre for just a single acre or two. However, finding 10 acres on a lake may be next to impossible.

Make sure your property will support what you want to do with it! There's nothing more frustrating than learning you can't use your property as intended, therefore making it literally worthless for your purposes. Inquire about zoning and deed restrictions, building codes and any other requirements before you buy. (See the next section for more information.)

Want waterfront property? Buy now! Waterfront properties are quickly becoming the finest things money can't buy. Riverfront and lakefront properties are becoming difficult, if not impossible, to find. Even properties with small ponds, brooks and streams are becoming less abundant, and therefore the demand for desirable parcels is increasing quickly.

Visit http://www.BuyAndSellNorthIdaho.com for more information.