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Monthly Archives: July 2017

Ideal Plot Of Land For New Home

First, figure out exactly what you want out of your house. How many bedrooms do you need? How many bathrooms would you like? How many people will be living in the household on a daily basis? Do you have guests stay with you from time to time? This will help determine the amount of interior square footage you will need. Once you have a rough estimate of your interior household’s design and square footage, begin working on the exterior estimate for your home. Will you be installing an in-ground pool? Will you have a guest house? Will you have a 3-car garage? Will you have a garden? Take all of these ideas into account so you can determine what type of land will be friendly toward your endeavors, and exactly how large of a lot you will need (when combined with your estimate of the interior square footage).

Next, you will want to decide on the architectural type of house you’d like. Will you be going with a more modern home that uses large, open spaces, large windows, and high ceilings? Or will you go with a more traditional home that consists of just the opposite? Why does this matter? For example, if you choose to go with a modern home, you’ll want a lot that will be exposed to a lot of light and you’ll want to have good air flow around your home.

Lastly, you’ll want to ask all the natural questions you’d ask yourself about a piece of land. Will this plot be exposed to lots of flooding? Is it a disaster if an earthquake comes through? Are there too many trees close to my house? Will a hurricane be likely in this area? Don’t forget the simple things as well as the “disaster” scenarios. How close are you to amenities? Will you have access to city/county water lines, sewage and electricity? Is the area exposed to a lot of crime?

By answering these questions, you should be well on your way to picking a lot that is ideal for your home. There will always be different types of questions to ask in different regions, but these should generally guide you along the right path. Once you’ve selected the right plot, you’ll want to begin the appropriate paperwork to get the lot transferred to your ownership.

Find Cheap Land

One thing to keep in mind with land is that like all types of real estate, location is everything. One tenth of an acre in Manhattan could cost millions of dollars, but travel a few counties away from the cities and you can get many acres often for a few thousand dollars. The sweet spot is when you can find an area that’s close enough to a metropolitan area to be desirable, yet far enough that you can find a great deal.

The best types of sellers for cheap land are the ones who have a reasonable expectation of what their land is worth. Oftentimes, people have owned their land for decades and expect to be paid market value or higher just because they’ve paid taxes on the property for all these years. These are not the sellers you want to do business with.

Unfortunately, many of the properties listed on the Realtor’s MLS fit this description. They think their property is worth X amount because so-and-so down the street sold it for a big amount back in 2007. But Mr. Seller doesn’t mention that his neighbor’s property is twice as big, has several potential building sites, and a beautiful stream running through it! Yes, sellers tend to forget these details and have expectations out of touch with reality.

If you are looking for the best land deals, it is in your interest to seek out a land expert. A professional real estate investor who focuses on vacant land often gets great deals by buying properties in bulk, and then passes the savings on to you in order to unload the property quickly. These deals are often from sellers who inherited the property, or are very behind on property taxes, or just don’t want the land for whatever reason.

If you are looking for cheap land, the best things you can do are 1) establish a relationship with a land investor and 2) be able to buy quickly. The faster you can buy, the better the deal you will likely receive from the investor!

Tricks To Subdivide Property

Survey The Land

Survey the perimeters and boundaries of your property. A preliminary survey is performed as a fundamental step of your buying process, which will be conducted by a certified land surveyor. In this phase, the surveyor looks into their findings, dimensions and measurements next to the county records to find a blue line survey that will provide an officially authorized description of your property. In case you already acquired the property, you need to you need to survey only the portion of the land you want to subdivide from the rest of the property you own.

Identify The Division

Decide on how you want your land or a portion of your property to be subdivided. If you want to split the whole piece of real estate into single lots, you have to work with a land survey specialist all over again. To make the measurements, have a look at the individual lot sizes. You need to identify where the streets would be situated and how much space you want to divide each plot. Furthermore, provide an area for right of way, utility easements, drainage areas or park areas.

Plat The Property

Once you and your surveyor subdivided the property, you have to plat the property once you have finished the development plan of your property displaying all the subdivided parcel of land. Then, file the plat in the county tax office. This process is also a way of informing the tax office that the land is being developed and will be altered from being taxed as acreage to individual plots assessments in the upcoming years.

Sell The Subdivided Property

Once you finished the previous steps, you can now begin vending parts of your real estate. A title company can help you out with the legal paperwork and real estate agent can assist you in marketing the property.

About Property Easements

THE BURDEN ON THE PROPERTY OWNER

Regardless of the type of easement, property values could suffer because of the potential for unsightliness and inconvenience. In addition, easements don’t typically come with expiration dates, so even as a new owner of a property you’re still inheriting the previous owner’s responsibility to observe the easement holder’s rights and privileges. It’s also important to note that no matter the percentage of land under an easement, property owners are still obligated to pay taxes on the entire parcel.

HOW TO FIND EASEMENT INFORMATION ON A PROPERTY

Given the potential headache an easement can become, it’s crucial that you’re fully aware of any restrictions and requirements tied to a property before proceeding with a sale. Thankfully, there are several options available to you in order to determine the number and type of existing easements.

If you are purchasing a home, typically you would obtain title insurance along with that purchase. As part of the title insurance process, a title company conducts a search to ensure that the title is legitimate and will also generate a report that details any and all issues associated with the property, including easements, outstanding mortgages, liens, judgments or unpaid taxes.

If there is a suspected issue concerning easements on your property you can hire a title insurance company, or private title searcher, to perform a search for easements on the property in question. Depending on the complexity of the search, they may charge a fee for their services, but a good title company will provide you with a comprehensive report.

The deed to the property is another source of information and will have the easements listed and defined as part of its legal description. If a copy of the deed isn’t readily accessible you can obtain one from the county clerk or recorder. Be sure to have the address, parcel number, and current property owner’s name when making the request.

Similarly, the county or city zoning/mapping department is often in charge of keeping records of surveys and plot maps. These documents will contain information on a specific property’s easements, including the exact measurements of the portion of the property considered the easement.