Buying land is no small matter; it is an investment you will hopefully get to call home for many years, particularly if you are building a custom home. Do not by any means jump into looking for land without knowing the ins and outs of it, which you can gain by reading the Shore-Line Construction blog. We can especially help you out if you seek water-related property in Maryland. Being here shows that you are already on the right path to buying smart; here are red flags to know when buying land.
Unreasonably Cheap Land
Cheap land is not necessarily a scam. However, if the cheapness is obviously unreasonable, then something is amiss. For example, it would be unheard of to see 500 acres listed online for $35. The best way to check is to look up the company selling the land and read its reviews.
Undesirable Deed Restrictions
A deed restriction is a rule for what you cannot do to develop your property. You might not be allowed to block a scenic view shared by neighbors, build anything outside the historic style of the neighborhood, or even use chemicals like pesticides or fertilizers.
Soil quality matters immensely for construction, gardening, and farming. You must have an accurate assessment of the soil quality to know what you are working with. For instance, if the previous owner failed to control erosion, all the soil’s nutrients might be gone and the soil unworkable.
Seller Trying to Rush a Deal
In many cases, the problem might not have to do with the land itself but with the people selling it. If the seller makes it appear like many lots are selling fast or getting you to commit in a rush, don’t be phased. It might be a scam and the lot hiding undesirable details.
Lies or Misleading Facts About the Property
Speaking of which, the lot might not be as advertised. It might have drainage issues, sinkholes, poor soil quality, etc. The seller might also promise a refund, but give you a hard time if you do try to refund. It is best to check the real estate company’s reviews.
Undesirable Surrounding Properties
Check out what the surrounding land is like and what its zoning is. Are you purchasing residential land in a commercially-zoned area? Are there a lot of vacant lots? You might not like the future commercial construction plans next door, and long-standing vacant lots could signal a higher criminal activity rate.
BUILD YOUR WATERFRONT DREAM HOME WITH SHORE-LINE CONSTRUCTION!
At Shore-Line Construction, we know that your home is a reflection of you. That’s why we strive to make each home we build as beautiful as the family who will live there. We work with each of our clients to design a home that fits their needs. The end result is a durable, energy-efficient custom home that the family will enjoy for generations to come. Shore-Line Construction has been serving our customers for over 25 years, and we look forward to the opportunity to help you!
If you’re interested in learning more about what Shore-Line Construction can do for you, check out our website or give us a call at 410-574-6623. Keep up with all of the latest news by following our blog and social media pages on Facebook, YouTube, Pinterest, and Houzz!