Buying your first piece of land is an exciting step toward owning a piece of the world, but it’s not a decision to take lightly. Whether you’re dreaming of building a home, starting a farm, or simply securing a slice of nature for the future, it’s essential to approach this process with care and a solid understanding of the key factors involved.

Here’s a guide I made to help you navigate the complexities of buying land and ensure you’re well-prepared for your investment.

1. Clarify Your Purpose

Before you start shopping for land, it’s important to understand exactly why you’re buying it. Are you interested in building a home, running a farm, or holding onto the property for long-term investment? 

Your intended use will influence factors like location, zoning, utilities, and access. Having a clear idea of your vision can help narrow down the properties that will best suit your needs.

2. Know Your Location

The location of a property plays a major role in its value and potential. Consider the surrounding area’s accessibility, amenities, and future development plans. A plot of land that seems peaceful and remote may be in the path of urban expansion or a future highway, which could affect both its value and your enjoyment of the space. 

Researching zoning laws, land-use regulations, and potential growth trends in the area will help you make an informed decision.

3. Understand Zoning and Land Use

Zoning laws determine how the land can be used and can vary dramatically depending on the area. For example, agricultural zoning may allow you to raise livestock or crops, while residential zoning may limit what you can do with the property. 

It’s crucial to check with your county’s planning department to understand any restrictions that may apply to the land you are considering.

4. Evaluate Access to Utilities

Not all land comes with readily available access to utilities such as water, electricity, and sewage systems. If you’re buying land for building purposes, consider whether the property has existing hookups or if you’ll need to install your own systems. 

The cost of installing these utilities can add up quickly, so it’s important to factor in these potential expenses.

5. Check Property Access

Ensure that the land has legal access, meaning there’s a clear, legal path to get to the property from a public road or easement. If the land is landlocked, you may face challenges accessing it or may even need to negotiate an easement with neighboring property owners. 

Confirming access before buying is a must to avoid any future legal headaches.

6. Land Topography and Soil Quality

The terrain of the land can have a big impact on what you can do with it. If you’re interested in farming, the soil quality and topography should be considered. Look for areas with good drainage and fertile soil for agriculture. 

Additionally, check if the land is prone to flooding or other natural hazards, as this can influence both its usability and insurance costs.

7. Budget for Hidden Costs

The cost of purchasing land isn’t just about the price of the property. Additional expenses, such as closing costs, property taxes, land surveying, and even land clearing or fencing, can add up. 

Make sure you budget for these hidden costs so your dream property doesn’t become a financial burden.

8. Hire an Experienced Land Agent

An experienced land broker, especially one familiar with rural and agricultural properties, can be a valuable resource in your land-buying journey. They can help you identify suitable land, negotiate with sellers, and guide you through the legalities of land transactions. 

It’s worth investing in professional help to ensure everything goes smoothly.

9. Perform a Land Survey

A professional land survey is an essential step before buying land. It will define the exact boundaries of the property and identify any potential encroachments or disputes with neighboring properties. 

It’s an additional cost upfront, but one that can save you headaches and expenses down the road.

10. Have a Long-Term Perspective

Land is a long-term investment. While it can appreciate in value, especially if the area experiences development or increased demand, it may take years to realize that return on investment. Be prepared for the possibility that it may take time to make your vision a reality.

Buying land is an exciting and rewarding endeavor, but it requires careful planning, research, and attention to detail. By considering the factors above and taking a thoughtful approach, you can ensure that your purchase aligns with your goals and sets you up for success in the future. With patience and knowledge, you’ll be well on your way to owning your own piece of land.

If you’ve got more questions about buying land, get in touch with me at DillonS@NationalLand.com or reach out to your local Land Professional.