Click Here For More Specific Information On:
By Martin Webbster
Buying rural land is the dream of many families and investors. Almost everyone would want to break away from the noisy city to settle in some remote, quite area where they can be able to do all they want in total peace and quiet. For these reason and others, rural land has become an attractive investment vehicle for many people.
Whether for investment or relocation reasons, you will have to take note of the availability of services and minimal infrastructure in the rural area you want to relocate. Foremost, you will have to consider access to potable water. Where there is none available you should be prepared to make extra investment into providing the service yourself. This may call for drilling and installing pumps to draw the water. Power is another consideration. Is the area well connected? If not you will have to provide alternate sources of water. In many instances the new owner may have to provide a generator or install solar panels. At times, the nearest power source may be miles away. In this case you will have to consider how much it will cost to draw power from that distance to where you are.
One big issue that seems to affect many rural land owners is the legal issues of Ingress and egress. Simply put these terms refer to the legal implications of passing through somebody property in order to get into yours. You may occasionally find access road leading to your property but they may turn out to be somebody’s property. In the future if the owner intends to put up structure on that road, you may be have difficulty reaching your site. There are legal processes to manage these types of occurrences but it is prudent to check with the area about possible ingress and egress and how to handle them before they become problematic. If you are intending to sell the land after some time, you will lose a lot of value if your land island locked, that is if cannot be access without trespassing someone’s property.
Communication is of great importance in assessing a land in the rural area. You will want to find out if you have reception with your phone. Many providers are in the process of installing land lines in the most remote part of the country where traditional phone lines are not available. So in the vent of non availability, you will consider a special service such as satellite phones which may comes at an extra cost.
Buyers of rural land will have to be aware of the issue of easements of land. This law primarily states that you must have a certain amount of fencing around your home to protect it from cattle otherwise the cattle have the right of way if they stray into your land or compound. Check with the local authorities about the existence of this law so that your farm crops or other property are not destroyed for not fencing your property.
As you negotiate the price of the land or seek out which property to buy, discuss with your agent about what use you want to put the land. Every locality has restriction on the type of structure you can build. You will want to find out first than to buy a land unfit for a purpose.
Lastly, involve your lawyer in the transaction. Land issues can be quite tricky. Your lawyer will be able to advise whether the type of land you intend to buy may spark off legal trouble or not. In many cases, a freehold may infringe on local government regulations as to what you can or cannot do. Checking out all these in advance will relieve you of disputes and injunctions as you go about your land development.
About the Author: Martin Webbster is a writer for Horse Clicks – horse property classifieds of land for sale, farms for sale, ranches for sale and other horse real estate. Martin is also a featured author at ArticleKing.com
Source: isnare.com
Permanent Link: isnare.com/?aid=306635&ca=Real+Estate