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Buying Rural Property

One of the keys to getting a really good deal on rural or mountain property is knowing the market. By doing a lot of research online and in the newspaper, talking to agents and driving the area, you’ll get a good sense for market prices. This means that when you see a good deal, you’ll know immediately. When a property is listed for sale at a great price, it won’t last long. That’s why it’s so important for you to do your upfront research so that you will recognize it when you see it.

Once you find a potential property, there are some things that you want to be on the lookout for from the beginning. First, make sure that property is really in an area where you want to spend time. If you’re going to live there and work somewhere else, you do need to take into consideration your commute time.

Make sure that you understand what the water source is for the land. Some people are completely shocked and upset when they purchase property without realizing that it is serviced by a well or will require thousands of dollars to bring water onto the property. In fact, there are many counties in the country that will not give someone a building permit unless and until the property owner can prove that they have a good water supply.

Another thing to be mindful of is access to the land. You’d be surprised at how many people try to sell property that is basically landlocked. For instance, you want to check and see if you’re going to have to share a main driveway with any other property owners. If so, find out who is responsible for maintaining the driveway. This can often be a source of contention between property owners.

Finally, when buying rural or mountain property, make certain that you know if there are any specific regulations or covenants that govern your property. If it’s a smaller piece of land surrounded by other properties, there may be certain guidelines that you have to follow. While this can protect you from looking at junky properties around you, it can also prohibit some of the things that you may have wanted to do when your property such as storing an RV or putting up outbuildings.