It might seem at first glance that the purchase of raw land might be easier than the purchase of a home. After all everything would be new when completed, right? Below are some items to consider when looking at property. The list is by no means all inclusive but is intended to give you starting point in your search.
- Tax map or preferably a survey.
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Has the property been perc tested?
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What is the zoning for the property and does it fit your needs?
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How much site work needs to be done?
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Does the price reflect the amount of site work that needs to be done?
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Does the property abut a farm or wilderness area?
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Are there any easements or right of ways on the property?
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Are there any permits in place?
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Are there any covenants or restrictions in place?
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Will you have to drill a well?
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Will you have to install a septic system?
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Where is the nearest power and what will it cost to bring it in to the site?
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Does it have to be logged? Is that a possible resource?
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Is there a lot of ledge?
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Is it on a town maintained road?
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Is there an ancient Road running through the property?
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How is it going to be in mud season?
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What are the zoning setbacks?
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What are the waterway set backs?
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Do you need to go through act 250 for a commercial use?
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Is the piece of property land locked?
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Any subdivision now requires a survey of the entire property, both what is being sold and what is being retained.