When buying land in Arizona, it can be easy to get caught up in the process and potentially overlook essential characteristics of the property. Understanding the factors that drive the current value on the market can help you keep your focus as you buy land for development, your own personal use, or to build your real estate portfolio. In this post, we’ll share the Top Things to Watch For When Buying Land in Arizona.
When buying land in Arizona, don’t overlook the property’s location. The placement of your property can make all the difference in your plans for the land investment, retaining long-term value. For instance, if you’re looking for a remote piece of land, you’ll want to make sure you can actually access the parcel. Or if you’re searching for commercial land, be sure to check if it’s located in a profitable area. You can get quite a bit of information from maps and photos, but we always recommend that you or a trusted representative physically walk the property to ensure the details you have on the property are accurate. Professional investors like those at Southwest Land Deals consistently keep an eye on local government happenings to keep our investors aware of upcoming zoning changes and plans for improvements down the road in Arizona, as this data can heavily influence values.
Another thing that tends to be easily overlooked when buying land in Arizona are the features of the property. Sure, you found 40+ acres of land, but is the lot an irregular shape? Or maybe you found land in an up and coming development, but did you notice the dirt road that runs right though the center of the property? Perhaps you’re planning to develop a commercial project, but did you check the zoning of that perfect piece of land you found? It’s all these land features that could end up making or breaking your plans. That’s where we come in. We check all those details to give potential buyers as much information as we possibly can.
Once you’ve found a great piece of vacant land, you’ll also want to make sure you’re not walking into a host of hidden expenses. Check to make sure there are no back taxes on the parcel. It’s also easy to overlook the HOA/POA fees and restrictions when buying land in Arizona. Finally, double check the current zoning of the property so you’re not looking at the costs involved in changing it. The professional investors at Southwest Land Deals thoroughly investigate each property we list so we help you find the best piece of real estate for your plans.
When buying land in Arizona, something else you can overlook is a reasonably priced property. When there’s competition for available properties, you may not always get a rock bottom price. However, by assessing the long-term outlook of your plans for the real estate, you can still get the most out of your investment. The professionals at Southwest Land Deals take pride in the fact that we sell land in Arizona and the southwest area for the best price. And we’re happy to work with potential buyers to offer financing options to help you get the land you want.