This blog discusses the important points before purchasing a lot in Maryland.
There are significant factors to reflect on when purchasing a lot in Maryland. Buying a vacant land differs from purchasing a property with an existing home. However, constructing your perfect home from scratch can also be exhilarating. This blog discusses the important points before purchasing a lot in Maryland.
Define Your Goals
The first step to purchasing a lot in Maryland is defining what you want. This includes budget, location, and the features your proposed piece of land should have. For instance:
- Do you plan to live on your property full-time, part-time, or not at all?
- Are you purchasing the land for investment, recreation, or to build your custom home?
- What features are critical to you, such as proximity to views, urban centers, or possible land uses?
Purchasing a Lot in Maryland
Size and shape are two minor factors when examining a lot. Ensure you inspect the following issues before purchasing a lot in Maryland:
Zoning and Legal Issues
A given piece of the lot might be subject to title disputes or back taxes. Receive professional assistance to investigate and resolve these issues. It might be worth a trip to gather information regarding future construction projects scheduled in the area to give you an insight into the lot’s long-term value. In addition, check with your local zoning department whether the land is marked for residential, commercial, or mixed usage because these have different restrictions, taxes, and fees.
Soil and Site Inspection
Evaluations should sometimes be conducted on a piece of land you intend to purchase, mainly if the land is not part of a pre-planned subdivision. The test examines your land’s topography and other factors to determine the best area to install a septic system.
Utilities and Property Assessment
If utilities already exist at the property, you must pay the county to tap into them. There are additional costly fees if the utilities must be brought onto your property.
Of course, there are some issues you should consider before purchasing a lot in Maryland. Meeting with Robin Ford Building before you buy the land can help you save time and money in the long run. Call us today at 410-239-8850 for any questions or to view any of our lot inventories!
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