1) Is the land zoned for what you want to do? If not, can you get a variance? Don't take the owner's word for it that you can--ask the county itself.
2) Are there any moratoriums on building that will affect you? (For example, in our state if property is converted from Forestry to Residential, there is a several year moratorium on building on it.)
3) Are there any critical environmental areas which would prevent you from using the land? A bald eagle's nest creates a 100' radius circle around that tree in my county. Salmon streams require 100' set-backs, regular year-round streams require 30' setbacks. Steep slopes are another critical area governed by law, here.
4) Does the property have wetlands? I categorize this critical area by itself, as wetlands are a very common problem and one that makes life a big pain. Make sure if there are any questionable areas you ask, first.
5) Is there a well or water system hook up available? If not, is there room for a well, and is it likely you'll hit water, based on other wells in the area? Does your county have any limits on the number of wells in an area, or are they prohibited by an owner's association, and if so, can you buy a water share--how much is one?
6) Does the property perc? Is there actually room for a drainfield? (A bunch of properties just became unbuildable here in our county because the drainfield requirements just got stricter and unless you have a large enough lot, there just isn't enough room.
7) What encumbrances are there on the title? We looked at lots of otherwise interesting pieces of land that had easements for neighboring access right through the center of the property. On the piece of land we just bought, we were able to extinguish a pipeline easement that went right through the middle. It's one thing to buy 10 or 20 acres, it's another to find that you own one chunk of a few acres on one side of a road and another chunk on the other side of the road...
What are the future development plans of the county, state, and your neighbors? Are there any businesses or activities that are going to prevent your enjoyment of the land? We rejected a parcel because it was kitty corner to a gravel pit (not readily apparent until you looked at the satellite photos, or went out there on a day they were crushing rock), and others because of jet noise from the local Navy base. Is the county zoning likely to change on the land you're considering?
9) Has a survey been done? Does the property include everything the current owner says it does?
10) Is there road access to it now? If not, how much to get it? In Washington, state law says there is no such thing as a land-locked parcel (if you cannot negotiate access the state will "negotiate" for you) but that may not be true where you live. Likewise, can you get power, telephone, etc., out there for a reasonable amount?
11) If you have to finance, can you do so? I was surprised how difficult it was for us to find a lender.
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