It seems like almost everybody when deciding to buy Boca Raton real estate or any other real estate area considers buying vacant land looks into the possibility of buying vacant land. There are a few things to keep in mind as you consider that possibility.
If you are looking at a lot in a subdivision which already has quite a few homes including homes on each side of the lot and it is a landlocked lot you would want to know if municipal sewer and water are available to the lot. If the property does not have sewer lines available you would need to get a septic tank. When you buy Boca Raton real estate is pretty well expected on resale that the property has a sewer line available. It is also quite well expected that you should have water that is city water available to the lot. In the event when you buy Boca Raton real estate you don’t have either of these available you can plan to not only have a tough time selling the lot or the house and lot you will also not get the market value of a comparable property that does have sewer and water available. Something else to consider is whether or not the lot is stable enough to support a home. In many parts of the country and even in the South Florida area things can be dumped on a lot and be covered by sand over the years. There could also be water which creates mock in the property to destabilize it. For these reasons it’s good to get a soil test before buying Boca Raton real estate. Of course you don’t want to spend the money for inspections but it can be well worth it so you actually know what you’re buying for your money. Another thing you’re going to need is a survey. Okay it’s another $400 give or take but again it’s money well spent on buying Boca Raton real estate. This the survey will show exactly where your home lies on the lot and if there any encumbrances such as your neighbor’s fence going over the side lot line into your property. The survey will also show possible easements on the property. Users are somebody else’s right to trespass on your property. Normally the power company has an easement which is not unusual but it’s still good to know if and where they exist on your property. Another reason to get a survey is because certain exceptions on your title policy can be deleted if the survey is reviewed prior to closing. Another reason to get a survey is you may get a reduction in your flood insurance should you be in a flood zone.