When you’re looking for house and land packages by Hotondo Homes, whether it’s to build your home or create an investment property, there are several mistakes that you don’t want to make and avoid doing at all costs. These are the things that can hurt your search, make the process longer, and cause you more stress than you need to have when looking for land in the area that you want to live in.
Real estate investing can be difficult if you don’t know what you’re doing, and it can be very costly if you don’t get the most out of your property. To make sure that you don’t make any mistakes when looking for land, keep these three tips in mind and save yourself a lot of time and money in the long run!
Not doing your research
Just because an acre of land costs $1,000 doesn’t mean it will grow $1,000 worth of crops. You need to find a piece of land that will allow you to produce your desired crop, which could be due to soil quality, water availability or climate. If farming isn’t going to work out on a certain piece of land and you buy it anyway, your bottom line will suffer. Research what options are available in your area before starting your search.
The first time I looked at the land, I was young and green. I didn’t know what questions to ask or who would have good answers. Asking questions is essential when buying farmland—it helps you figure out if something is right for you before you spend money on it. And don’t just stop with your realtor; talk to farmers in your area about their experiences as well as other local experts like bankers and attorneys.
Be sure to ask about anything that seems confusing or risky so there aren’t any surprises later down the road. There may even be some things that turn up during your research that make a particular property less desirable than another one—and that can help narrow down your choices even more!
Whenever you start looking at land, it’s easy to get impatient and settle on a piece of property that doesn’t make sense—or worse, start working with a seller who turns out not to be trustworthy. So take your time and do your research. Talk to other landowners and local experts; attend land auctions; discuss pricing with real estate agents (and don’t just choose one because they seem nice). In short, approach buying land like it’s an investment in your future happiness—not something that can get done fast. Remember: Your new home is going to be around for decades, so getting what you want is well worth waiting out.
Focusing on the wrong details
When buying land, it’s easy to become distracted by small details that may or may not be important. It can be tempting, for example, when searching online, to zero in on a property that looks perfect but isn’t actually within your preferred location. Look past these kinds of details and focus on bigger issues like distance from schools, urban sprawl and access to a strong job market and public transportation. After all, it doesn’t matter how pretty your house is if you have trouble getting there every day.