investing in vacant land

Investing in Vacant Land? Be shrewd when buying ‘raw’ land

Bankrate

Getting electricity, water and septic services to certain remote plots can be quite a challenge. Look to a home building consultant or landscape architect who is well-versed in topography, drainage, road access and utility easements. Many would-be buyers make their purchases contingent on the land’s ability to accommodate a standard septic system because custom systems can cost up to five times more. Environmental issues are a concern, particularly if the land was farmed and there are old fuel-storage tanks and pesticides present

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Be Aware when investing in vacant land

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