Are you in the market to buy land in Wisconsin? As a land specialist, I have seen many buyers make costly mistakes that could have easily been avoided. To ensure that your land purchase is a success, it's important to avoid these "7 Deadly Sins" of buying land in Wisconsin.
- Ignoring Zoning Regulations Zoning regulations are in place to ensure that land is used appropriately and safely for the surrounding area. Failing to abide by these regulations can result in hefty fines, legal battles, and even having to tear down structures that violate zoning laws. Always research zoning regulations before making a purchase.
- Failing to Research Easements Easements give other people or entities the right to use your land in certain ways. Failing to research easements can lead to surprises down the road, such as utility companies having the right to dig up your land whenever they please.
- Not Checking for Environmental Hazards Wisconsin land can be home to environmental hazards such as wetlands, floodplains, and contaminated soil. Failing to check for these hazards can lead to costly cleanup efforts and even health problems for you and your family.
- Not Getting a Survey Done A survey is a crucial step in ensuring that you know exactly what you are buying. It will identify property lines, easements, and other important features of the land. Failing to get a survey done can lead to disputes with neighbors or unexpected costs down the road.
- Overlooking Access to the Property Access to your land is important not only for your own use but also for emergency services and other visitors. Overlooking access can lead to problems with getting to and from the property, especially during inclement weather.
- Failing to Consider the Cost of Improvements Buying raw land can be a great investment, but it's important to consider the cost of any improvements you may want to make. Failing to budget for these improvements can lead to financial stress down the road.
- Being Overly Emotional Buying land can be an emotional experience, but it's important to keep your emotions in check. Making a decision based purely on emotion can lead to overlooking important details or overpaying for the property. Take a step back and consider the purchase from a logical, business-minded perspective.
In conclusion, buying land in Wisconsin can be a wise investment if you avoid these "7 Deadly Sins." Before making a purchase, do your research, get a survey done, consider the cost of improvements, and keep your emotions in check. By following these steps, you'll be well on your way to making a smart and successful land purchase in Wisconsin.
If you need help navigating the land buying process or have any questions, don't hesitate to reach out to a qualified land specialist in your area. Good luck on your land-buying journey!