Before You Buy Land in Alaska, Read This First!




Are you thinking of buying land in Alaska? The process of purchasing land is generally more simple compared to a home purchase. Buying land can also be more lucrative as an investment strategy.

Your purpose for the land

Determine what you’d like to do with the land. Is it for the purpose of investing or do you plan to build? This will greatly affect what and where to buy.

There are many factors to consider if you are going the investment route. If you are building a home, be sure to study the comparables in the neighborhood. Is it more cost effective to buy versus build? Are you set on having a custom built home? What suits you and your family’s lifestyle? We can help you work through these thoughts and come to the best decision – call us at 907-720-4663.

Understand local zoning requirements

Check with your local city hall’s building department about zoning ordinances in the neighborhood. Be sure that they allow for building of the type of property you want before committing to anything. The city hall can also inform you on future growth plans in the neighborhood. If the zoning board at the city is currently working on approval of a large shopping mall a mile away, that might affect your decisions today! Lastly, some parcels of land are sold with planning permission already granted so be wary of any restrictions that may affect your plans.

Investigate the land's history

Learning the history of a property site is vital. You will want to know how it's been used in the past and determine if anything could potentially affect your plans for the use of the land. We recommend an inspection by a third party environmental site assessment company to thoroughly safeguard yourself before going through with the deal.

Learn the amenities and public utilities connected to the land

Be sure to check if the land is easily accessible for utilities such as water, sewer, drainage, electricity and gas for future use. Check potential hazards like flood risks, fire, etc. How about its elevation? Is the land likely to move? How's the smell and noise of the location? Do you have easy road access?

Get help from a pro

An experienced real estate professional will help you navigate the finer details of purchasing land without stress. Let us handle the negotiation to get you the best deal possible and make your experience a joy.


We are always available. Call us (907) 570-6757 or 907-720-4663. 

Comments

Post a Comment

Popular posts from this blog

Alaska Real Estate Market Update as of December 8th to December 14th 2018

Image
Here's Alaska real estate market update as of December 8th to December 14th 2018. Still, on the top of our list is the  Anchorage market . During this week, 489 are currently active listings where 11 of which are new listings. 22 listings were pended and 36 were sold. Next is  Wasilla market , 369 are active where 22 are of which are new, 19 pended and 16 were sold. Compared to the  previous market update , you can see that there are less active and pended then more sold listings in Anchorage while more pended and same were sold listings in Wasilla for the week. See full report: If you want to know more on the latest real estate market update and is interested in buying or selling, give me a call (907) 570-6757 or 907-720-4663.
Read more

Before You Renovate or Buy a New Home, Read This Post

Image
Most people at some point reach a real estate crossroad whether to renovate your existing home or buy a new one that will fit your current and future needs. To answer the question, you'll have to think of many factors. This is not a one-size fit all answer but answering the following questions may help you make the decision. 1. What can you afford? Extensive and realistic budget planning is an essential factor to make your decision. You need to know the renovating vs. buying costs. Is it cheaper to buy than to renovate your home? Whether one is cheaper or not, will it fit your budget? And if you do have the budget, will it be worth it? 2. Will there be enough space? One of the common reason people need to move or renovate is the need for expansion. Will there be enough space for you to expand if you are going to renovate? How about adding a 2nd story? You need to know if the home's foundation can support additional weight or it will require reinforcement. Also, is
Read more

Your 2024 Guide to Buying, Selling, and Market Trends

Image
As we usher in 2024, it's time to demystify the real estate market for everyone, whether you're buying, selling, or just curious about what the new year has in store. This guide is crafted to give you all the essentials, packaged in a simple and easy-to-understand format. 1. 2023 in Review: A Quick Recap of the Real Estate Market Housing Prices: Last year saw a steady rise in housing prices in many areas, although there were regional variations. Interest Rates: Interest rates fluctuated, impacting mortgage rates and affecting both buyers and sellers. Market Demand: The market witnessed a high demand in suburban and rural areas, a trend that emerged during the pandemic. 2. Buying a Home in 2024: Strategies for Success For First-Time Buyers: Start by getting pre-approved for a mortgage to understand your budget. Look for areas with growth potential but lower prices. Shopping Smart: Research neighborhoods for future development plans. Inspect properties thoroughly and conside
Read more