Buying land in Canada can be an intelligent idea both as an investment and to use as a location to one day build a house. There are all types of land to consider purchasing.
Land can be situated on small lots or range up to thousands of acres for just one property. Depending on your current or future use for the land, what’s also important are the zoning requirements. Some land is zoned residential, while others is zoned commercial and industrial.
It’s rare that one kind of property can be built on a piece of land zoned exclusively for another. The best way to go about buying land in Canada is to seek the help of a professional real estate broker. They are the true experts in the land acquisition and selling business.
They can greatly help you find all types of land once you give them your search parameters. They have large listings of computer stored land descriptions in all areas of Canada. These brokers can also help the prospective land buyer in all the areas concerned with buying land, including obtaining financing, paperwork and contracts, lender selection, and legal and escrow elements necessary for the closing of the land sale.
When you’re considering buying land, you need to take certain steps to safeguard your potential investment or future home site. You need to first get an appraisal on the property. This is to make sure its list price is in line with its true market price. You don’t want to pay more than you have to for any piece of land.
Then you should get an inspection of the property. There are private inspection companies that will come out to it to inspect it from end to end to see if everything is as it should be. This includes examining it for an adequate water supply, proper electrical connections, and appropriate drainage and sewage systems. Measurements of the property boundaries will also be taken in a survey so the eventual land owner knows where his property lines extend to.
If you have a family, you’ll want to only buy land where the school systems are superior. And if you commute to work rather than work at home, you’ll need land with close access to adequate transportation.