Key Factors to Consider
Land Buying Tips in Chatham County
Intended Use
Determine the purpose of the land, whether it's for farming, housing, business, hunting, investment, or timber. Investigate if the property aligns with your intended use.
Amenities
Assess the presence of amenities such as ponds, fences, streams, septic services, or pastures on the land. These features can impact the suitability for your specific needs.
Topography
Evaluate the land's topography, considering its levelness or steepness. Steep land may pose limitations for installing a septic system or hinder commercial development due to the need for expensive leveling.
Size
Clearly define the land size required based on your intended use. Keep in mind that even a relatively small property, like five acres, can be suitable for specific purposes like cattle farming.
Easements
Research existing easements on the land, such as public roads, gas lines, utility easements, neighboring septic systems, or train tracks. Understanding these easements is crucial for planning and avoiding unexpected limitations.
Value Comparison
Compare the land's intended use with its overall value. For instance, while a plot near a highway might be ideal for commercial development, it may not be suitable for residential purposes.
Utilities
Determine the availability of essential utilities like sewer, water, natural gas, broadband, and power. Access to these utilities is vital for any land usage.
Tax Exemptions
Investigate potential tax exemptions for the land, such as those applicable to timber use or farming activities. Determine if you qualify for any exemptions that could benefit you.
Deed Restrictions
Check for any deed restrictions that may limit or regulate your desired activities on the land. Understanding these restrictions is crucial to ensure your plans align with the property's legal framework.
Local Restrictions
Be aware of local restrictions related to streams, building setbacks, endangered species, and zoning regulations. Compliance with these restrictions is necessary to avoid complications during land development.
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Looking to purchase land in Central North Carolina? Realty World Carolina Properties is here to assist you throughout the entire buying process, providing guidance and ensuring you have a clear understanding of each step. Contact us today for expert assistance in finding a property that aligns with your budget and is properly zoned for your specific requirements.