3 Things to Know About Buying Land

Sometimes living in the city can be a little too much, and you need to get away. Maybe you have a dream of building your own home on your own land, or you want to start a farm. Maybe you’re just particularly outdoorsy and the idea of having multiple acres in which to sprawl out appeals to you. However, the decision to buy land should not be made lightly. It’s not all sunshine and green grass, and there are some things to consider before you sell your apartment in the city and buy a few acres of land in the country. But if you’re prepared for everything that comes with it, buying land can be incredibly rewarding.

The Further You Get from the City, the Cheaper Land Will Be

Real estate is always at its most expensive in the heart of the city, so it’s common sense that the further you move from the city, the more affordable real estate will become. This goes for land. While buying land and building your own home will probably be more expensive than buying an existing home, land purchased well into the country will be considerably more affordable than land purchased right outside of the next city. However, this distance brings with it expenses of its own, like commuting costs to work or school that may make up the difference.

Take All Expenses Into Account

There are the obvious expenses to buying land: the cost of the land itself and building supplies for the new home. Then there are the expenses that creep up on you after you’ve already settled into the land. Commuting costs will almost certainly go up if you have business in the city or kids that need to be taken to and from school. And the more land you have, the more maintenance will cost to keep it in good shape. Property taxes will vary, of course. All of this should be taken into account when you start to budget and save for your land purchase.

With Land, You’re In it for the Long Haul

Many homeowners enjoy buying a house, flipping it, and selling it again to get a return on investment (ROI). This is easy enough to do in the city suburbs, but it’s not a very realistic goal to have when buying land. You can profit from being a landowner, but it takes a much longer time to do so, sometimes as long as 10 or 20 years. Especially if the land is vacant, you have to consider how long it will take you to get through all of the paperwork and approval to build property. If you’re buying land, you should be interested in living there for some time. This is why it’s convenient if you’re considering going into farming, or creating a family home...but not so convenient if you think you might be moving out of state in a few years.

Brazos Valley is an excellent place to buy land. There’s a wide variety of beautiful acres to choose from, and it’s within close enough distance to cities like Houston and College Station that you’ll be comfortably secluded without being cut off. Before you buy land, make sure you’re prepared for all the benefits and challenges that come with it. Talk to your local realtor to help you know what to expect. 

Lot For Sale in College Station

Sarah Miller, your RE/MAX realtor bryan-college station can help you discover a lot of great tips for making a profitable sale of your home. Call Sarah Miller at 979-255-1904 for your real estate needs in Bryan-College Station and the entire Brazos Valley!