Buying a plot of lots for sale in Fort Worth to build your home or commercial building is a good alternative to purchasing an already built property, which you’ll either have to renovate or demolish.
Other than that, you’ll have the opportunity to build your property from the ground up and more free space for gardening or any other activity.
If you’ve seen lots for sale in Fort Worth, and you’d like to buy one, there are a couple of factors you should consider first before doing so. Investing in land is always a good idea. However, before you make the purchase, it is wise to make sure that there are no hidden issues tethered to that plot. Below are a few things to consider before buying land in Fort Worth, Dallas.
Location
Make sure that you truly like the location before purchasing that piece of land. The same applies to buying real estate, but in most cases, the parcel of land available for sale will be located further out of town. This can be great as it offers you more space and privacy, but also expect to face some challenges brought by the location.
Zoning — Can You Do What You Want?
Consider the zoning bylaws of the area where the piece of land is located as they dictate what you can or cannot do with your property. For instance, clearing land to create an open field for farming or building an equestrian facility might sound like a dream come true, but if the property you purchased isn’t zoned properly, the dream could come to a crashing end. Therefore, confirm what the bylaws say about this matter before purchasing land.
Who Owns the Mineral Rights?
Texas is rich in oil, so don’t be surprised when oil is found in your property. However, in some states, the fact that you own the property does not mean that you also own the rights to mine minerals found in it. Therefore, you need to know what the law says about mineral rights ownership.
How Will You Set Up Utilities?
Most people don’t think about utilities when buying an already built property, but when it comes to land, you should really look into it. Before making the purchase, confirm where you’ll get your power, water and sewerage, internet, cable, and gas services from. Also, don’t forget to check the area’s cellphone reception.
Other things to consider include layout of the land, land surveys, and covenants, restrictions, and conditions.
