Welcome to Tea with DidiFeb 18, 2020
Sauer Pereira posted an update 9 months, 1 week ago
If you are looking to get land, there are lots of important items to consider.
Is there a price of the land? If I pay $1,000,000 for 10 acres to build a shopping center does that cost fit in doing my budget? Or perhaps is $500,000 one of the most I could pay and have a profitable project?
Does the location benefit the intended use? For instance when someone is wanting to build convenient store is the site in the high traffic area? Or if perhaps someone wants to build expensive homes will be the location suitable for big homes or possibly it too near to commercial uses?
What jurisdiction is the land in? The town Limits? Would it be in the Extra Territorial Jurisdiction (ETJ) with the City? Can it be in the County? The jurisdiction that this residence is located in will dictate which rules and regulations need to be followed. It could be advantageous to be a certain jurisdiction (City A vs City B) rather than another. You may also have state and federal laws that will impact the property as well.
In the event the property owner in the City, is there a zoning category used on the exact property? The zoning category dictates the land use allowed on the property. If your property doesn’t always have zoning or maybe if a zoning change shall be requested then that will improve the time and cost. Something to make note of is that zoning change requests are not always approved.
Deed restrictions are private agreements and restrictions specific to the land involved. These are noted inside the deed, and restrict the application of the property somehow. Deed restrictions may be attached to property whether it be zoned residential or commercial and therefore are along with local, federal and state rules. Deed restrictions could be more restrictive than other governing rules.
Have utilities been extended towards the site? Utilities would come with water, wastewater, electricity, propane, telephone, and cable tv. Water is the most important. Water and wastewater are normally the priciest utilities to supply into a property. There are other ways to get water service for example drilling a well and for wastewater creating a septic system. But these solutions also involve ongoing maintenance as well as a limited lifespan.
Is any portion of the property within a floodplain? If that’s the case then this build-able or develop-able part of the property will appear reduced. This in turn typically will reduce the value of the property.
Which are the topographic conditions in the land? Can it be flat or is there slope on the land? The more steep the slope the harder you’ll cough up to formulate the land as a result of necessary cutting and filling with the soil. Generally speaking flat land is preferred although a hillside place for a home or office provides a really nice view.
Can there be roadway access to the property? In that case perhaps there is a current driveway and curb decline in place or will this have to be permitted and constructed? How likely do a permit can be acquired as of this location or possibly there already a driveway nearby which could diminish the likelyhood? May be the roadway in a condition of disrepair? In that case then do you know the chances that the roadway will be repaired and how might this affect my planned use?
An easement is really a right in law to use another’s land for a specific purpose. What are the easements about the property that might restrict you aren’t unduly affect my ability to improve the property? Instances of easements include public utility easements that allow utility providers to install and maintain utilities. Easements can be the method of providing usage of properties that won’t otherwise have roadway frontage.
A lien is definitely an encumbrance one person’s property to find a debt the house owner owes to an alternative person. Before purchasing property it is important to determine with the Title Search and Commitment process if there is an outstanding lien around the property. It is best to have the house owner take care of liens prior to buyer closes around the property because it’s easier to leverage a lien hitting theaters.
Have you been considering a land purchase? Which are the specifics of the exact property? What happens to look for, what to avoid, what things to provide you with with the land when you purchase it?
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