There is no better place than Texas Hill Country to invest in large tracts of land. Aside from investment potential and growing opportunities, you get to own a piece of the hill country’s renowned beauty.
Land has more to it than meets the eye
Land is a solid investment you can benefit from for ages. The land, however, can be deceptive and hide numerous problems, existing or otherwise.
Buying large tracts of land comes with its own set of challenges. To avoid any mishaps in the future, exercise due diligence with your real estate agent and watch out for these factors that might affect the sale.
- Zoning classification
Right here is a tract of land, but what can it be used for? Is it strictly for residential use? Mixed use? Commercial? Agricultural? Your best bets in getting accurate information is from the local planning and zoning department. This way, you’ll know what the best use of the land is, and whether or not it fits your needs.
- The previous uses of the property
Despite the zoning classification, sometimes land wasn’t used for what it’s meant to be. Other times, there are footprints or leftovers from its previous use, such as environmental contamination (for commercial properties). Getting know what the land was used for will make sure you won’t inherit any problems in the future.
From where you stand, the land you’re surveying may seem like all plains—which isn’t always the case. When it comes to land, there will always be unpredictable rifts or elevations, like hills, ravines, valleys, and even cliffs! The topography of the land also affects its build-ability, so researching is a must.
- Available public utilities
Water, electricity, sewage, gas, and phone are some of the basic utilities that increases a property’s livability. In fact, they are considered staples and also affects the build-ability of the property. Knowing the public utilities available (and unavailable) in a certain tract of land will help you invest in one that fits your needs.
- Usage restrictions
It’s not uncommon for municipalities in America to have plans regarding how they want different sections of their land to be used. Land will always have zoning requirements and usage restrictions, so be careful and do your research diligently to avoid investing in a parcel of land that doesn’t fit your intended purpose.
- Is it located in a flood zone?
Land located in a flood zone are notoriously expensive to insure, and this is one reason why you’ll want to know if the property is prone to flooding. Being located in close proximity to federal bodies of water can also pose an array of challenges.
- Ease of access
Access to easements or roads is an important consideration when buying a large tract of land. Unclear boundaries and no road access come with ramifications, legal or otherwise. You’ll want to invest in land that has established boundaries and legal, recorded easement/s.
Are you ready to invest in a tract of land?
Contact Landmasters Real Estate today to get to know your real estate opportunities in and around Llano, Kingsland, and Buchanan Dam.