On the surface, it seems like it should be very simple and easy to purchase land right? There is no structure to inspect or to worry about. So what’s the problem? There can be many in fact.
If you are considering getting into land investments, you will want to look for these 5 signs of a bad land deal in Houston.
Feeling Rushed to Purchase
Should someone make you feel pressured to rush the process of investing in land or be pushing you to sign quickly, this is a key sign of a bad land deal in Houston.
This is a very large investment so you will want to take your time to ensure that there isn’t an unforeseen problem with the land, such as encroachment or pending zoning changes that could prevent you from fulfilling your plans.
The last thing you need is to be dealing with impending legal boundary disputes.
Bad Zone Classification
If the seller focuses on building your expectations and seems to want you to avoid learning about the zoning of the property, this is a sign of a bad land deal in Houston.
Investments such as these carry high consequences both financially and timewise.
Value in land investments comes through the ability to use the land for the highest and best purpose for the specific area, regardless of the current user.
In order to properly value the land, you must know the local market intimately while being aware of any legal issues that control the use of the land to its fullest extent.
A quick call to the county planning and zoning department can help to guide you in both the intended use of the land and examples for your consideration.
Viewing
You will want to be aware of problems that could prevent your plans from coming to fruition, such as low lying floodplains or other unbuildable or uninhabitable lands.
These are signs of a bad land deal in Houston. you will want to utilize the benefits availed to today’s real estate investor by online viewing of the topography map, quickly showing you any signs of concern in the area in which the property is located.
Be sure you’ve done your research on the local, state, and federal laws for the property you are interested in purchasing.
Some landowners have been prevented from developing property due to the presence of protected species of either animals or plants.
Taxes and Assessments
If you intend to hold onto a property for any length of time, beware of a super high tax bill relative to the actual value of the property.
As you may have heard, taxes are one of the certain things in life.
you will want to investigate properties that carry unusually high property taxes or have upcoming assessments for improvements causing many owners to unload, there are signs of a bad land deal in Houston.
Utilities
The lack of access to common public utilities is a sign of a bad land deal in Houston.
While you are busy dreaming of just where you will place your new home on the property, you need to confirm that your electric, water, sewer, and any other services you envision are available.
These would include cable television, telephone service, or internet providers. Problems like these could prevent you from ever building or using the property.
We have covered just a few of the possible complications that can arise in the purchase of land.
Want to avoid a bad land deal in Houston? Let our experience guide you and make it simple. Sell Your Homes Houston will help you find the best land, we know these signs to watch for and many more! Send us a message or call 832-535-2034 today!