Buying a plot of empty land and building your own abode is like a dream come true for many. However, that dream can quickly become a nightmare if you learn something unpleasant about the land after the purchase. It's best to be proactive and learn as much as you can before you sign a sale contract. Here are four specific things to check for.
1. Get your own survey done.
- As a homeowner, there are a lot of different expenses you will have to face that come along as part of owning a home. For the most part, these expenses are manageable. However, there can be some expenses that can bring about a bit of a financial burden for some, and property taxes are a good example. When you purchase a piece of real estate property, you will have to pay property taxes every year to the local governing agency in most states.
- Science and home buying aren't generally two subjects that go hand-in-hand. However, when it comes to buying a waterfront property, it's a good idea to rely on science as a bit of a guide. Waterfront properties are beautiful, but some waterfront properties come along with risks. Learn about some of the environmental factors that you should consider to help you choose a waterfront property. Body of Water Not all bodies of water are the same — more specifically, there is saltwater and freshwater.
- Whether you are hoping to lower your interest rate or you just need access to some of the equity in your home for other projects, a refinance of your current mortgage could be the answer. Before refinancing, though, use the following four tips to prepare for the process. 1. Check Your Credit Before calling up lenders, get a copy of your credit report from each of the three major reporting agencies.
- Are you outgrowing the apartment you live in and need a larger rental property? You could always begin looking for home properties for rent in this situation. A home for rent is likely going to provide you with more space and a lot of other great benefits. If you are interested in finding a home to rent, here are several things you should know as you start searching. Determine What You Want and Need in the Property