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Buying vacant land may seem simpler than purchasing an existing building, but there are some substantial risks to consider before making an offer. For instance, you might not be able to use the property for your intended purpose, or the description of the land might not match the results of the boundary survey. Whether you’re planning on building a home or a new commercial facility, the tips below will help you find the right lot.

3 Tips for Buying Vacant Land

1. Check the Zoning Laws

Even land just outside of town may be subject to zoning laws that describe how a property can be used. The land might also be under the protection of an environmental agency, with restrictions that make it essentially unusable for your purposes. While a real estate agent may assure you that the land you’re considering is perfect for your intended project, it’s best to verify that information yourself.

2. Commission a Boundary Survey

boundary surveyA boundary survey tells you exactly where the property lines are, ensuring that you’re purchasing the same piece of land you’ve looked at. Otherwise, you might plan and build a home, only to find that you’re encroaching on a neighbor’s land. In this case, you might be forced to demolish the building, potentially resulting in big losses.

3. Consider the Utilities

If the land isn’t connected to municipal water, sewer, and power lines, the cost of extending utility services can add thousands to your budget. You may need to install a water well and septic tank, which may require additional geological surveys, soil testing, and expensive filtration equipment.

 

Before buying land in Lincoln or anywhere in Southeast Nebraska, let the professionals at K & M Land Surveying provide the detailed information you need. They’ve been serving homeowners and builders throughout the area for over 25 years, using state-of-the-art GPS technology to deliver the most accurate boundary surveys possible. Visit their website for more on their array of services, or call (402) 476-3020 to discuss your project and request a quote.

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