Land Loans

It's important to examine the soil to see how well it drains. Poor drainage can make building a foundation and setting up a septic system more challenging.

Certain plots of land might not be fully developed, and you may need to make improvements such as adding roads, power lines, and water supply. These upgrades can get costly, so it's important to keep your budget in check.

While the land may seem perfect, it's important to be aware of potential zoning restrictions imposed by the city or town, which could hinder your construction plans.

When considering the purchase of land within a subdivision, it's essential to explore the neighborhood's specific regulations. These guidelines cover aspects like architectural style, setback requirements from the road, parking allowances, and more.

Think about easements and access rights, which are agreements between neighbors allowing access to parts of their land for things like reaching waterfronts, roads, electricity, and more. It's important to know if the property you're interested in, or its neighboring properties, have any access agreements in place.

A survey will determine and validate the boundary lines of the property and what improvements may need to be made before a home can be built.