When buying land in Virginia, there are a few things that you need to know. You will want to find out if a survey has already been done. A survey is used to determine the boundaries of the land as well as look at any landmarks to decide what's a piece of land is worth. In the survey is where you find out what the downfalls and the perks of a piece of land are. Raw land or undeveloped land is most often sought after in Virginia for a variety of reasons and uses. These pieces of land might be bought for things like agricultural use, Farm operations, Estates, subdivisions, conservation estimates and its tax benefits, equestrian activities, or even a dream home.
Requesting a study
When buying land in Virginia, you have the right to request a study. The study time frame allows you to find out exactly what you need to know about a piece of land. According to what you need the property for, You can look at things like a soil test. This test will find out if the ground will be able to hold a sewage system or drainage system? You can also have a well and water test done. This test is to see if a water well can be placed on the property. Builder visits let you know if the land is suitable for building a home. You can also find out what the financial burdens to the land would be.
You will also want to find out what is happening with the surrounding land. Are they selling it off to companies that would be building significant structures around you or do they intend to sell to individuals who are looking for a quiet spot to retire? Another thing that you will want to ask is how do you access the property. You will want to make sure that right away are provided in the survey. You might also want to know if the property can be divided. Though the only way to ensure this is to speak to the county.
Dependent upon what you intend to do with the land you might also want to know what it was used for in the past. You can check and see if a hazardous material has been used on the property in the past. If it has, you can find out if a remainder of it is still in the soil. What are the real estate taxes that go with this property is something else that you might want to find out before you decide to buy the property? You will also want to know if the property qualifies for land use taxation. Land use taxation's vary from County to County. In some counties, if the land is used for certain things a tax cut is applied to lower your overall real estate taxes. For instance, Albemarle County Virginia has the following criteria at least 5 Acres of your land must be used for agricultural uses. Or you must use at least 5 Acres for Horticultural uses. There must be a minimum of 20 Acres which have standing Timber and trees on them, and you must have at least 20 acres of open land. You will need to know this and so much more.
Here at Commonwealth land; we can help you navigate through all of this. We will help you find the best property for the best price now and in the future. So come to visit us at Commonwealth land. Com and let the search begin.Buying Land In Virginia
View Larger Map
We welcome your comments!
GET UPDATES ON TOP PROPERTIES.