Things to Consider When Buying Land for Sale Ohio
Buying commercial land for sale Ohio? Your first priority is to get organized! When buying commercial property, especially vacant lots and land, it may seem as if there is less to worry about since you do not need to worry about things such as structures and tenants. However, buying vacant land is a very complex decision, which requires a great deal of thought:
- What will you build on it?
- What codes will you have to obey?
- What costs will you face after the initial purchase?
- Will you use the property as a long-term investment?
Are you starting to realize all of the decisions in front of you? Well that is only the beginning…
While there are a number of elements to consider when buying land for sale in Ohio, consider this your top three:
Surely you’ve heard it before: “Location. Location. Location.” When it comes to Ohio real estate, this may be the most important concern you will be faced with – and the most basic.:
- Decide the general location for where you want to be
- Explore the area and see what is available
- Consider talking to a real estate broker about your options and the benefits of your desired location
Remember, it isn’t only about the area, but the access. Local highways, exit ramps, and local streets shouldn’t be an afterthought.
Be prepared to spend much more money than just the purchase price of the property. This should factor into the kind of initial investment you make on the land for sale Ohio. Get yourself organized and make a list of the kinds of costs associated with owning a piece of land, such as::
- Legal expenses
- Building costs
- Service fees
Once you have your Columbus real estate
and outlined the costs involved, what can you do with it? In order to truly know what you have, you must become knowledgeable of the local zoning restrictions on that land for sale Ohio. Zoning laws in a state or town govern what you can and cannot do with your new property. Certain areas are zoned for residences and certain areas are zoned for commercial buildings. You will ideally want to figure this out before you purchase your land.
Although this lists your top 3 concerns, there are many others you should also be aware of – from permits to utilities, and all the way to choosing the best real estate developer
. Are you ready to go into commercial real estate alone? Fortunately, in Central Ohio, you have The Robert Weiler Company.Call 1-614-221-4286 and let the firm, founded on honesty and integrity, go to work for you – helping facilitate the land for sale Ohio
has to offer.