Purchasing a plot of land is like purchasing a blank canvas. Whether you're looking to build your dream home, open a business or grow a tomato crop, purchasing raw land is quite an open-ended process. Use the tips below to help get you started in your search of land for sale in New Jersey.
DECIDE HOW YOU
WILL USE THE LAND:
As mentioned, a land purchase can be for a variety of purposes; building a home, opening a business, farming or livestock. Determining what the land will be used for is crucial, especially if you’re planning to get a loan.
Location goes hand in hand with the use of the land no matter the order of the two. Once you are certain of one, decide upon the other. What demographic does your business target? How’s the local school district? How long will your commute to or from this plot be? There are so many factors to consider when looking at land for sale in New Jersey so it is important to have an absolutely clear idea of what's important to you.
NJ land for sale is divvied into zones that are deemed for residential or commercial us. Commercial buildings are to be kept out of residential areas and vice versa. Contact your local planner to find out where each of these zones can be found. Searching the name of your city or state followed by the word “planning” should quickly bring up the info for whom to contact. You may also want to consult with a land use attorney to make sure you are aware of and compliant with all zoning laws.
PREPARE TO TALK
WITH THE SELLER:
Purchasing a piece of land can be similar to purchasing a home but can be different in a lot of ways as well. Compose a list of questions in preparation for your conversation with the seller. For example, you’ll want to know if there is an existing water source because the installation of a well is quite costly. Your land use attorney will be a big help in deciding what to ask.