Important Factors To consider When Purchasing Farm Land
Written By: SW Ranch Sales on Jul 29, 2012
Important Factors To consider When Purchasing Farm Land
There are many factors that should be put into consideration when buying land, whether it is raw acreage, farms, ranches or just recreational land. Many problems associated to acquisition of land can be remedied by taking a little care and sealing all loop holes that can occur. You will be saved from headaches in future just by taking due diligence before buying land. Problems that are discovered while still less can be easily resolved.
The following are some important factors to put into consideration when buying land:
Location. Location of the land with respect to vital facilities is a major factor to put into consideration. The location of the land should have proximity to your target market and should be easily accessible. Check the types roads leading to the land and the quality should be of course well. The roads should also be wide enough to accommodate equipment that you are likely to bring on the farm. Also check whether the main road cut cross your land as this important if you are likely to raise livestock on your farm and they will need to cross the road at some point.
Security. Check on the security of the place you want to purchase so that you avoid theft issues concerning your crops, equipment and livestock. You should consider such factors as the distance between the farmhouse and the field, and whether the farm land has fencing to enhance security. If you intend to keep livestock on the farm then you must ensure that where the animals will be kept is properly fenced.
Availability of water. When buying land you need to check the availability of water in the place as well as the history of flooding in the area. Also check if there are water sources that are adjacent to or near the farm land. Consider also the condition of the land and the health of your property on the land before buying the land.
The type of land. There are basically two types of property. There is the land that is developed and the one which is undeveloped. The one that is developed has utilities brought to the site and roads built. If you consider buying undeveloped land then you have to utilities to your home, built and maintain roads into your property. Definitely each type of land has its own pros and cons. Your budget will help you determine the best type of land that suits you
Building. It is important that you note if you can build on the land. Not every land is suitable for construction and some lands might require a lot of money to prepare the construction site. The type of soil and the topography of the land are two important issues to take into consideration and if possible you can get specialist to help you analyze the two factors. Definitely poor soils will affect the concrete footing size and the cost of constructing a building.
For more tips for buying farm land, check out SW Ranch Sales.