How to know if land is worth buying
13 Questions to Ask When Buying Land
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so you're interested in buying land well
you come to the right video buying land
is a lot different from buying a house
if you're interested in buying land
there are 13 important questions you
need to ask before you whip out that
checkbook in this video I'll walk you
through all 13 questions so that you're
confident enough to insure that when
you're buying land you're buying the
right land for you that being said let's
get started
[Music]
question number one so what do you want
to use the land for there are a ton of
different uses for land so you really
want to know what you want to use the
land for before you actually buy
something that way you're buying the
right land the first time the second
question you want to know is how is the
land zone is its own residential
commercial industrial or maybe I or
culturally the reason why this is
important is you don't want to buy land
that zoned let's say industrial but you
want to build a house on it which should
be zoned residential so this is pretty
key and it ensures that you're not
wasting your time looking at land that's
not zoned the way you need it to be
however do keep in mind you can
sometimes in some cases change the
zoning of the land that you eventually
own or will buy and that could be
possible depending on the state or city
that you live in but it does take work
so I recommend ensuring that the land
that you're buying initially is zoned
for what you want it to be the third
question you want to ask is are there
any easements on the property an
easement is a legal right for someone
else to use or access someone else's
property an example could be a walkway
to a public beach another example can be
paralyzed that you see going through
acres and acres of land these are all
examples of easements the fourth
question you want to ask before you buy
any land is how is access to the
property achieved is there public access
is there an easement that we just talked
about or is there no legal access at all
this is an extremely important question
you really need to know and understand
how are you actually going to get access
to the property that you own if there is
no public road that it sits beside then
you need an easement from someone else's
property to gain access to this property
if there's no easement and there's no
legal access that means you essentially
have to trespass through someone else's
property to gain yours and that could be
a huge issue if the land you're looking
at has no legal access rights then I
definitely recommend looking at
something else the fifth question you
want to ask is has the land been
surveyed and if so when surveyed land
means essentially that the boundaries of
the land have been mapped and documented
so that the owner knows exactly what
land is
the reason why this is important is you
don't want to be messing with someone
else's land and when you're buying you
want to know exactly what land is yours
the last thing you want to do is buy
land assuming that the boundaries that
you originally thought were yours
are not and that they're actually
someone else's these six and probably
one of the most important questions you
want to ask is will the rights in
interest convey with the sale of the
property so what does rights in interest
actually mean well I'll explain when
you're buying land you probably want to
own everything above it on top of it and
below it but that's not necessarily how
land can be sold for example sometimes
they may only be selling you everything
on top of the wind like the grass trees
and any structures that are part of the
land
however the rights to any gold oil or
other minerals below the surface may
belong to someone else so if those
rights are important to you
make sure the land you want to buy
includes all those rights and interests
the seventh question you want to ask is
is there any water features on the land
and what I mean by that is are there any
rivers streams lakes oh well if there's
water on the land you definitely want to
know about it because water is
essentially a very important asset when
you have water on the property it makes
that land that much more valuable so
it's really important to know ahead of
time if there's any water on the
property you plan on buying the eighth
question you want to ask is are there
any known environmental defects or
issues with the property if there were
any chemical spills oil spills or other
pollutants to the property you
definitely want to know about it
the ninth thing you want to know is are
there any public utilities around this
is a pretty important question if you
plan to build a house or have some type
of structure where you're going to need
access to electricity gas or running
water if there are public utilities
around it makes it a lot easier to bring
those services to your property and it
also makes it a lot cheaper if they're
very far away it could be very expensive
to bring those types of services to the
property that you on the 10th question
you want to ask is what is the current
owner using the land for if the current
owner is using the property has a coal
mine and you want to build a farm it's
probably not the right property for you
so question number 11 adds to that you
want to know what are your neighbors
using their property for if the
neighbors are using the property for an
industrial use and you want to
a residential house on yours and you
didn't know that you're probably going
to regret it because now you're gonna
have a residential house next to you
know a big industrial area which could
be pretty loud so ensure you also ask
that question the twelfth question you
want to ask especially if it's a big
property is are there any trails or
roads on the property this is beneficial
to know because if it's a large property
you want to be able to commute and
travel within it pretty easily so if
there are any trails and roads built in
it it makes your job in your life a lot
easier if that's already there the
thirteenth and last question you want to
ask is are there any potential
government actions against the property
and what I mean by that is is there any
potential for eminent domain in minute
domain essentially means the government
can take your land away as long as they
pay you the fair market value of the
land for those living on our southern
border with Mexico they know all too
much about this given the attempts to
build a border wall land has to be taken
in order to build the wall on that land
so a lot of people are experiencing this
eminent domain threat and it's really
important to know because at any point
if the government deems it necessary to
take your land for whatever public use
it could be an issue that you'll have to
come across so ensure you know ahead of
time if there's any potential like that
being threatened against the land that
you looking at you're looking to buy I
hope you found this video useful if you
did please like and subscribe to the
channel and also click on that
notification button and good luck on
your quest to buy some land
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