Although a home is most likely what comes to mind when we think about real estate, land is just as prevalent in the real estate world. Buyers who are looking for something move in ready, are most likely going to take the house route, but land has a lot to offer as well. As we all know a piece of land is going to take more time, thought and work to develop, but that might just be the way to go!
One of the best aspects of buying a piece of land, is that land is truly your oyster, to an extent. Yes, building is expensive, but if you can find a slot of land in your budget with room to build, you will have the ability to make your build as personalized as you would like.Whether you’re looking for land to build a home, agricultural land, land for a business, etc., the variety that raw land offers is an investment in itself. One component of raw land that many prospective buyers are seeking, is the privacy and seclusion that is hard to find these days.
JDRE TEAM & LAND
Here at the JDRE Team, we have agents that are very knowledgeable and specialize in selling land. When buying land there are many details and specs to each unique lot, so it’s crucial to have the right real estate team by your side. Lacy Carse, a licensed agent at JDRE, is passionate about selling land and is educated and everything you might need to know when it comes to buying land.
Here are a couple tips from Lacy:
When buying a piece of raw land there’s a few things to look forward to and a few things to look out for.
WELLS
1. “WELLS…. If your property currently has a well you’ll need to make sure to do a quality and quantity test prior to closing. The well can go dry and the worst thing that can happen is finding out you need to dig one later. A quality test will show you if your well has been contaminated by any unknown source, if so you’ll need to bleach the system and get it to pass with the local Health Department. If your future purchase doesn’t have a well and you’re wanting to drill one, a few tricks to see how deep you may have to go is by searching for the well logs of the neighboring properties because they have similar terrain and soil.”
SEPTICS
2. “Septics.. It’s a great idea to get perk holes done as part of your feasibility study. Perk holes will ensure you of septic placement and the kind of system you’re needing. If the property currently has a septic, you’ll want to have it pumped and inspected to ensure its working condition and that it’s empty prior to your closing. If you’re not needing financing and are using cash for your purchase, then you won’t have to get it pumped and inspected if you choose not to do so.”
POWER
3. “POWER…. power can get quite expensive when it comes to rural property. The location of the nearest power source is crucial to the price of your purchase. Depending on where the power easements currently are and how long the distance is to your build site, your power can cost $20,000-100,000.”
If you’re debating on buying a piece of land, or thinking about it in the future, hopefully Lacys tips gave you a better understanding of land and what to look for when buying land.
TRUST THE EXPERTS
It is essential in any market, especially when buying land, to choose the right real estate team. With years of experience and knowledge, JDRE is able to help you navigatethe market in the Columbia Gorge. We are happy to answer any questions you might have and help evaluate your concerns. We offer amazing agents who will be there with you from start to finish. We will help you make the best decisions throughout the buying process whatever the state of the market and will do our best to make sure any doubts you might have had turn into a realistic possibility of owning land.