Buying vacant land can be an exciting opportunity—whether you’re planning to build a home, start a business, or hold it as an investment. But unlike purchasing a house, there are many factors that aren’t immediately obvious. Before you commit, here are 6 key considerations:
- Zoning and Land Use
Land zoned for residential, commercial or agricultural use comes with different restrictions. Check local zoning laws and verify with the local planning department to ensure the property can be used for your intended purpose. - Road Access
Not every vacant lot is created equally. Some lots are easier to get to and others may not have legal access at all. Google map or county parcel map may offer a rough idea. Check with local planning department to be sure. - Utilities
Utilities are more readily available in the city but could be difficult to connect in rural areas. Power lines and utility pedestals are signs that utilities may be nearby. Be sure to verify availability with the local utility companies. - Environmental Concerns
Some properties may be subject to flood zones, protected habitats, or contamination issues. Use online resources and check with local or federal agencies for more information. - Property Boundaries
Never rely solely on pictures, old maps or verbal descriptions. A professional survey may cost some money but it helps you to verify the exact boundaries, easements, and rights-of-way attached to the land. - Financing
Most banks do not offer land loans. If there are any land loans available, they often require larger down payments and higher interest rates than home mortgages. Seller financing is a viable option if you need financial assistance.
Vacant land offers flexibility and potential, but it requires careful due diligence. By researching zoning, access, costs, and long-term risks, you can make sure your purchase aligns with your goals—and avoid surprises later.