4. Access to Utilities
Before you make an offer on a plot of land, confirm whether the necessary utilities are available, or if you will need to install them, which can be costly. Here’s what to look for:
- Water supply: Ensure the plot has access to a reliable water supply. If not, you might need to dig a well, which can be an expensive process.
- Electricity: Make sure the property has access to electricity. If utility poles are far from the site, extending power lines can add thousands of dollars to your budget.
- Sewage and waste management: If there’s no municipal sewage system, you may need to install a septic tank. Check local regulations for septic installation and maintenance.
- Internet and telecommunications: In the digital age, high-speed internet access is critical. Check with local providers to see if the area has reliable connectivity.
Factoring utility access into your budget can help prevent unexpected costs after you purchase the land.