Buying land in DFW to build a new home on can be a great alternative to purchasing an older property to either renovate or tear down.
Not only does this give you a “blank slate” to build your new home, but it also can provide you with much more acreage to do whatever you’d like with (as long as it’s zoned properly – but more on that later).
However, before buying land in DFW – or anywhere for that matter – there are some important things to consider. Land is almost always a sound investment, but before you make the big purchase, it’s a good idea to make sure everything is in order.
To help you out, I’ve created a list of the top 7 things to consider before buying land in DFW – take a look through the list below and let me know what you think!
Location, Location, Location
Before making the big purchase, be sure that you’re completely sold on the location. This goes for any real estate purchase really, but often times land parcels are further out of town. This can be great for privacy and space, but can also come with challenges so just be sure about it.
Zoning – Can You Do What You Want?
Building an equestrian facility or clearing a bunch of land to create an open field for farming might sound like a dream come true, but the dream could end very quickly if the property you purchase isn’t zoned properly. Double check on this before making a land purchase.
Who Owns the Mineral Rights?
If you’re new to the DFW area, this one might sound odd. But, did you know that you can purchase a property and not own the mineral rights? It’s true, and actually quite common. This may or may not be important to you – just be sure to check it out so there are no surprises.
How Will You Set Up Utilities?
Utilities are often something that we all take for granted when purchasing a home, but they are something worth looking into when purchasing land. Check to see where you’ll get your power, gas, cable, internet, water and sewer services from – and also check for cell phone reception.
Look into the Surveys
Land surveys are important because they show the elevation of the land, giving you a two-dimensional look at the property. This can help you get a good lay of the land and discover the best place to build your home, and can also reveal any existing utilities or site features.
Scope out the Layout of the Land
Speaking of getting a lay of the land, it’s also a good idea to walk through the property to check for hills, trees, ponds, etc. A site survey will reveal most of this, but it’s not a bad idea to take a walk through the property to get a better idea of where you might place everything.
Covenants, Restrictions, and Conditions
Covenants, restrictions, and conditions are often set in place before homes are built on empty lots to regulate the appearance and general use of the property. These are often enforced through HOAs, so be sure to check into them before purchasing and building a home.
Should You Consider Buying Land in DFW?
Absolutely! Purchasing a piece of land and building your own home can be a great way to put your own unique stamp on a property for years to come. Just be sure to check the details so you don’t run into any unexpected surprises down the road.
So, are you ready to purchase land in DFW? I have some great properties available in the area – take a look here and give me a call at 972-971-6901 or email at firstname.lastname@example.org to schedule a showing today.