Acquisition of Land

Land acquisition (buying land) is different from buying a pre-existing home or business. For obvious reasons, before you buy land you want to be clear on what the purchase is going to be used for. Your decision will impact whether or not a certain piece of land can be bought and used for its intended purpose. It would be a shame to buy your perfect property for the intention of building a house, only to find out it’s zoned a different way. There are a lot of special considerations to think about when buying land, and we want you to be well informed before making any decisions.
For our purpose as contractors, we’re going to assume you want to build something. There are seven basic steps to take as you find yourself on your land acquisition journey. In many cases, these steps will apply for both commercial and residential construction.

7 Steps to Buying Land

1 – Determine its use
2 – Budget
3 – Hunt for land
4 – Considerations for Due Diligence
5 – Make an offer
6 – Financing
7 – Close