6. Utility Services The land might not come with access to city water, electricity, cable lines or sewage systems, which would seriously affect its value. Check the city limits to see if you’ll have to invest time and money into building your own septic system, water well or electricity access. Don’t forget to check your cell service, too, when you visit your potential purchase. 7. CCRs CCR stands for covenants, conditions and restrictions. These are rules imposed by an HOA or local government that could affect what you’re allowed to do with your property. The land may be perfect for your flamingo farm, but if the CCRs restrict the breeding of pink birds for some reason, you’ll need to look elsewhere. Step 2: Make sure you have enough money to buy land. This is where the reason you’re buying land really comes into play. That’s because the amount of money you should save before buying land depends on whether you plan to build a home, use the land as an investment, or start that flamingo farm. And by the way, you’ll need to save some cash on the front end either way. If you’re trying to figure out how to buy land with no money, that’s a terrible idea. Buying land (or a house) with no money down is a major financial risk. So, how much money should you save? Let’s take a look.
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