Buying Cheap Land Can Cost YOU Thousands
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- Опубликовано: 8 июн 2024
- Buying cheap land can literally cost you thousands more than you anticipated. Most people that know nothing about buying raw land are unsure what types of surveys and other requirements needed to get a piece of land prepped for a home actually costs. In this video, I cover everything you need to know about the costs of buying land for a new home build, whether it be for a modular home, manufactured home, mobile home or tiny home you'll need to know the pitfalls of buying land for cheap. That way you can budget accordingly.
🏞The Biggest Mistakes When Buying Land: • BIG Mistakes When Buyi...
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Kristina Smallhorn, Your Real Estate Whisperer kristina.smallhorn@exprealty.com,info@yourrealestatewhisperer.com
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*_How Much An Acre Is It Your Area?_* To Watch Mistakes People Make When Buying Land ruclips.net/video/Cjpwv9IBNbs/видео.html
I think buyers are very vulnerable. I almost bought a piece of property that was protected wetlands! The realtor didn’t tell me, I found out when I ordered mulch before closing - the mulch man told me! I would have been in serious trouble if I tried to do anything with that land.
Someone thinking of buying land also needs to consider what that land was used for in the past.
Where I live, on eastern Long Island, a lot of people bought land that was formerly used as farmland, which meant that it was poisoned for decades with all kinds of pesticides...which meant that the water table was also poisoned. Those who bought the land either had to have a filter system for their water installed or pay to have their houses connected to municipal water, which could run into a lot of money if the land is far from the municipal water pipes.
There's also the idea of building a home on such polluted property...especially if you plan to raise children...but once you've bought it, you're stuck.
Yes your so right I always tell people to go to the local 4hcenter they can give you a topicalgrahic survey they also can let you know if there were any dump areas on that property ....it also can tell about soil in that area it's rather cheap to get the paperwork from the 4hcenter
Basically, if you're the buyer you pay for everything, in every situation lol.
I'm currently looking for a small plot of land for a manufactured home and your information was very helpful!
Hi, Where are you looking?
Me too, in Florida 😊
Thank you i really want to buy some land. I didn't know none of this thank you.
Interesting you brought up Colorado. What's actually known by very few are property taxes. Many people in Colorado buy a cheap piece of land with the intent of having it as recreational use. But what in Colorado, property taxes on undeveloped land are in the range of 28%. And you can't always get a permit for a well.
You forgot to add running electric. It is expensive to run electric to your property if it doesn’t have electric line running to it. We have family that inherited 20 acres broken up into 5 acre lots and the two that got the really pretty land in the back are mad because it’s going to cost them a fortune to run electric back to it. Having the power company run electric costs a lot more than water and gas.
How do you go about finding out the "plans" for properties around or behind your land?
6:06 This is absolutely true. I work for a soil engineering firm and I conduct the soil compaction tests for foundations for new homes. I've ran into some that were not compacted enough and people are asking for trouble with a foundation in poor shape. Great video.
always have land perked before closing a deal, also, it's now possible to determine whether or not your potential dream home will be built over a sink hole , pay a little extra , save your life ...
Hi. What's perked ?
I'm glad I found this video
@@josalynnb6921 A perk test is done on vacant land that does not have access to a public sewer system. The test determines the ability of the land to absorb and process the material from an onsite septic sewer system.
@@josalynnb6921 also known as a percolation test.... hope that helps.
I have a guy who says most (99%) will perk it’s how much you want to spend on your septic. Hire a soil scientist 👩🔬 skip the county if you love the land
@@eddiesmallhorn4021 Totally 🎨
Just closed escrow last week on a commercial piece of land next to my 3,000 sf commercial building. Now that we have half an acre I can add storage.
👏🏽👏🏽👏🏽
Thank you for sharing this information. When I tried to click on the Amazon link to the book, it just went to Amazon's home page. I can just type in the title and author, but just thought to let you know about the link. Thanks again!
Wow. You right investigate and do research. Didn't realize all the surveys for land. Thanks
Thankfully I had help from a company to do all of this that was putting a house on the property I wanted
I saw a phone booth size tie outlet in Tokyo. I think property there is sold by the square inch. That would make a cool video, by the way.
KRISTINA!!! This was so helpful! Thank you!
Useful information. Thank you for sharing this with us.
Learn something new everyday. This one was a biggy.
Thank you Kristina!!! Gold mine of instant info! Thanks for putting it together
check on mineral and water rights
Great video Kristina! Thanks do much!
Really appreciated this!
THANKS KRISTINA!! MOST HELPFUL!!
Thank you for watching.
man these test will equal or exceed the price of any property id like to buy either way if you keep getting unlucky you will run out of $ just from testing each land but in the end will have nothing to show for your money spent. Thanks for the info now probably won't ever go impulsively buy a property.
I can thank you enough for all the information you put out there! I have been looking to buy since 2020 in CO, but the prices are so high that it has been impossible to buy. Anyway, is ok because that gave me a chance to study the market and what I really want, Thanks to you it has been better to know all the stuff you need to know when buying land, a house, etc. Thanks very much.
Great information! I just placed an order on Amazon for the book you mentioned
You won’t regret it. It’s an awesome book.
Please post the book name one more time. Thank you!
2016 $52 k asking , my price 3/2021 with survey from seller $28 k. This 13,000 sf lot meant nothing to anyone but me :) the neighboring property. Commercial. Near Sedona arizona. The old building GI bough was $125 and 4 yrs later doubled . It’s now a medical clinic.I’m having fun.
Ty for your great videos. I amm buying the book you showed.
Thank you for your Help,I am looking for buying land on Florida right now.
😀 Sunshine Beanpole dog, 18 2/3 years old, crossed the rainbow Saturday on Spur dog's 9TH birthday month! Question: How much real estate home improvements or trading are expected in the future? 😀
Watched a few videos of yours tonight. Getting a home on decent land is starting to feel less and less easy even more so after hearing some of this.
Can you do a video on deeds and type of ownership?
You're awesome!!
Thanks for saying so!! I needed that today.
So helpful
I could add another dozen grans for driveway and parking space.
Kristina - just wanted to say THANKS for all your wonderful, informative & even humorous videos. Why not have a little fun along the way, right? I live outside Dallas TX, getting ready to either buy a house & possibly raw land in addion to the house in Washington state. I've learned so much from you! Keep up the great work you do.
depends , on the water $25 million , west side of town $100 K
Smallest piece of land on Christopher St. & Grove in Manhattan I stood on that walked passed that for years when I worked down there in NYCs Greenwich Village never realizing I stood on a piece of NYC history.
Thankyou.
Love you💯👍
Is there the option of actually selling the timber to a logger in order to mitigate the costs?
You can sell the timber, you will just need to find that company ahead of time.
Look at the going rate of lumber at local mills. In my region they post that online. It’s then your responsibility to see about getting g the wood to their mill. In some cases I’ve learned of folks who have had tree services do all that for them and, in times like these especially, have made some significant money. Literally thousands per tree.
Do you just tell the surveyors to go to the property in question?
Is a soil test is the same as a perk test?
Could it be more economical to purchase land with a run down home on it and have the old home removed and new manufactured home placed where the old one used to be?
Love this video! I’ve always wanted to buy a 5 acre land & build a neighborhood on it
we bought our house through a real estate agency . Now our neighbors across the road is claiming that our house needs to be moved but won't show any proof that they own anything over here
There are no $100 surveys. In CO they have mortgage location surveys which aren’t really surveys. They might be $100. They are worthless and they “surveyor” might not get out of the truck. Otherwise boundary surveys can range from $1,000 to $10,000 depending on your state and if it has been surveyed before. The biggest factor in cost for a land survey is if it has survey markers already and has been surveyed before recently.
Had lake lot in MN surveyed. Next door neighbor had their lot surveyed. Their survey said they owned 10x120ft of my lot. Sued my surveyor.
How do you find the right land realtor? Because the one we found won’t take pictures of the property, can we choose who to go with along the lines of a realtor, and how much do they usually charge?
@BibleTalk101 great thanks.
Hey, I came across your channel while researching myself. I didn't realize you were from Louisiana. Ha! That's where we are from, interested in some land in and around breaux bridge/Henderson area on hope rd.
I’m outside of Baton Rouge. Nice to meet ya. 🙋🏻♀️
@@KristinaSmallhorn Hey🙋♀️, we are trying to buy some land is there anyway you can look into it for us? The realtor that we have is not really helping much.
@@PeaceWithGod1986 Can you contact me by email, my contact email is info@kristinasmallhorn.com
I didn't catch the issue with the land in Klamath, OR.
How much would it cost to build a 4 bedroom house around 2,500 square feet
So they put in a parking lot?
Well vs. rain catchment; Septic system vs. composting vs. outhouse vs. outbuilding above ground septic system vs. grid sewer system check legalities before purchasing;; Wells can cost WAY!!! more than $15k depending on area and if you actually hit water the first time a hole is drilled. More, the water table may be tainted with chemicals and/or bacterial contaminants.
Why can't you keep a few trees for shade?
Wow. Your a firecracker, I love your energetic videos. Stop wearing black on exterior shots.
Can you make purchase contingent on survey and soil test?
YES! You can have that written in the contract.
@@KristinaSmallhorn great! Thank you!
So if a piece of land is zoned “agricultural general” which is the least restrictive.. and there is no HOA (covenants) do you have to get a water permit if you want to make a small lake? And am I able to plant any trees without the fear of them ever being cut down legally? Since it is zoned agricultural general do I need the timber rights? If anyone knows please let me know ASAP :)
Check with Your County & Realtor to know what ritghts on land You'll have.
I wish the well was that cheap. Ours will be a min of 20k
I have a family member who wants to gift me an acre of her land. I will need a septic tank, but all other utilities are at the road. I wonder how much it’ll cost to connect electricity and water from the road to the home?
Generally the farther from the hookup points the more it will cost which can vary from area to area and whether or not you do it yourself or hire someone else. I had an acre lot which was narrow but long. I believe it was around 102' wide X 400' deep, the road was in the front and the utilities were in the back at the property line so I opted to put the home near the back to have shorter power and water lines which I ran myself (the septic system was included in the lot price) but the driveway was long and I did it in gravel just in the spots where the tires roll.
Buying expensive land also costs YOU thousands.