Buying land in Arizona is an excellent investment choice, but do you know what to look for? In this post, we offer 5 things to be aware of.
Whether buying land for investment, for recreation, or to build a home in Arizona, you will need to know as much as you can about the land before making the purchase. Here are a few things to look for when buying land. We also always recommend that you have a land feasibility study done before you buy to ensure that the vision you have for the land is a reality.
1) Zoning Restrictions
The zoning that covers your particular piece of land will directly determine what you are able to do with it. Your property could be zoned residential when many nearby properties are commercial. The zoning may say you cannot build a specific type of property or go above a certain height. When buying land in Arizona, make sure that the zoning allows you to do what you want to do with the property.
2) Soil Types
The last thing you want is to buy a piece of land, only to find that you aren’t able to build on it as you had wanted to. Some types of soil are great for building while others are not. Clay-based soils are often more sturdy than lots with a lot of sand. You’ll also want to know if there is fill dirt or if the soil is original. If the land has been filled, you may have to take some extra steps before building.
3) The Area
While land can often be purchased sight unseen, it’s best to get a first-hand look at the area before deciding to buy there. Most of our properties are located in more remote, often off-the-grid areas. So while we do recommend seeing the land before you buy, sometimes that’s not always a feasible option. We try to post as many photos as we can as well as links to google maps to help potential buyers get a good sense of the property.
4) Future Development
When buying land in Arizona, it’s important to know what is happening in the area. Are there homes being built? Retail and dining? New roads? All of these things will have an effect on your property value. Check with the city to find out about recent permits and plans that are in development. This will help ensure you are buying land in an area that makes sense for you. If an area is up and coming, it may be your chance to find a diamond in the rough, turning it into something big!
5) Clean Title
You’ll need to check the title for the land before you buy it. You don’t want to find out later that someone else has a claim to the land. Make sure the land is free of liens and that the person selling it has the legal authority to do so.
When buying land in Arizona, it’s important to conduct a feasibility study to ensure you have all of the information you need about a piece of property. This will help you to make sure that everything you have planned for the land can actually become a reality. The feasibility study will let you know what to prepare for and what you are getting into so you can guarantee the success of your investment.