ไม่สามารถเล่นวิดีโอนี้
ขออภัยในความไม่สะดวก
Don't Get BLINDSIDED By The Cost of Buying Land
ฝัง
- เผยแพร่เมื่อ 2 พ.ค. 2023
- If you're planning on buying land, there are a lot of things to consider before making your purchase. Beyond just the location and type of land, there are hidden costs that many people don't think about.
NEVER Buy This Type of Land • NEVER Buy This Type of...
NEVER Buy Affordable Land Without Knowing This • NEVER Buy Affordable L...
MUST WATCH Before Building a House • Worst Mistake When Bui...
In this video, we'll discuss the most common hidden costs associated with buying land so you don't get blindsided by unexpected expenses. From surveying fees to zoning restrictions and everything in between, we've got you covered. Don't make the mistake of underestimating the true cost of buying land - watch this video before making any decisions.
Keep Connected with us...
Home Page: www.wayneturner...
Facebook: / turnerrealestategroup
Instagram: / therealwayneturner
LinkedIn: / wayneturner333
Twitter: / wayneturner
Pinterest: / wayneturner
TikTok: @therealwayneturner
DISCLAIMER The contents of this video are for strictly educational and entertainment purposes. This video is not intended to provide financial, accounting, tax, or legal advice. For financial or legal advice consult with financial advisor or lawyer.
Here in eastern PA most people are not aware that once a property switches from well to city water that they lose their rights to the ground water. They can never go back to well water.
Can never go back-- seems like that could be took to court this whole video just lays out what people know is that permit/permit out your tale is just government keeping track of you and a screw over money dump
Sounds unconstitutional
under the table
Best of both worlds; You will be stuck with paying basic water utility service charge and continue using well water. No one can walk on your property and stop you from using the well water. During the time of drought switch to the city water, when the well fills up, switch back to the well water and while at it, keep filling your rain barrels too.
Never? How would they know?
I’m a real estate lawyer. Listen to what this guy is saying. I have to add please use a local real estate lawyer and a local surveyor and a local engineer and Architect to advise you what you need to build what you want to build on this property.. best surprises are no surprises.
Thank you!!!!
Best surprise is a free case of a million dollars tax free
How much would they all cost to come to your land and help with all of that ?
Me too
You need zero of those. Typical lawyer trying to rip people off.
Great info. Selling property and not telling the new buyers you still have mineral and timber rights is highly unethical, people should get sued over that.
Its is. Those riggts will be on deed
@@GenghisKhan311 yes and I’m sure most sellers and agents would disclose this in the real world as it could lead to lots of problems.
That's why you hire a lawyer to go over the contract. Your lawyer would have to drop the ball for that to happen.
Any buyer should read all documents related to their purchase, status of the water and mineral rights will be included in deed.
That would have to be disclosed somewhere, the buyer must do their diligence.
I bought 2 acres from a builder, with architectural plans - it was a mini-development of 5 homes. All the items you mention, we covered.
A few years after I moved in I was walking in the front yard and fell into a sink hole. I had specifically written into the contract that building materials, tree stumps, etc would be removed from the property before closing - nothing buried on site. They buried all kinds of refuse on site. I had to have the area excavated, regraded, and soul brought in to make up for the hole that was left from decomposed materials.
Wow, that’s crazy!
Did you sue?
What’s crazy is that a lot of places don’t have actual laws against burying things on property, so if it’s not in a contract, you could very well end up being entirely liable.
Wow! That's SCARY. Florida?
.
I hate a lot of these misleading listings that advertise acreage only to find out 75% of it is conservation land or include pictures of property that isn't actually for sale.
this is typical for out of area flippers and weekend sellers like wayne
Also check the sale history of the property to see if it has been resold multiple times recently. This could be a red flag that people buy it without realizing it has problems and then resell it.
says who? Learn your market to understand that land is the same as baseball cards, silver and anything else used for resale profits. You sure scare easy
One piece of land I looked at was a great deal, except the utilities were nowhere near it. The owner planned to split their land up and sell the furthest partition first in order to have utilities/road run through the rest of the partitions (at the first buyer's expense) to get even more money for the remaining plots.
Another way of wording it is; The owner deeply discounted the furthest lot, rather than asking for X amount of dollar, they discounted your lot at X/2 while the rest will sell for X which in effect should raise your property value instantly. Would you be happier if it was worded as such?
Ever hear of well water & septic systems, and all electric instead of gas? Where is this located that you can't run electricity? You could even go solar and have a rainwater reclaimation system.
@@HappyBuddhaBoyd At that time, we were looking for a specific type of property. Now, yeah this would make sense. In fact, I am thinking if we just sat on it, possibly turned it into a campground/farm, we would have come out ahead.
Oh that dirty snake in the grass!!
City’s will also try to do that with fire hydrants
Good advice because any number of things can go wrong with a land purchase. I bought 244 acres, had it surveyed and broken up into lots and parcels. After selling most of the property, I come to find out that one of my lots could not be provided power unless the owner of another property across the road gave an power line easement. Fortunately, I still owned that piece of property. I could have been stuck with almost a worthless piece of property.
Thanks for sharing!
you created the problem becausee you have no idea how to develop land properly. You're on here complaining about your own ignorance
People need to fight back on all these permits and impact fees. Why buy anything is someone is going to tell you what to do. I've passed on several properties for this reason. Its insane
Wake up idiots. 😢 Uncle Sam owner your life, land and property. 😮
@GenghisKhan311 it depends what others are going to do. Dump oil from oil changes, raise animals , slaughter animals, large house, anything that encroaches on enjoyment of other peoples' property
🤡 @@AlphaOmegaSigma07
@@jjohnsengraciesmom There are plenty of bogus perrmits, like permit to keep chickens (even one), repair socket, recharge a/c, paint a wall, etc.
@@sepulkariyyeah we needed a permit to build a small shed.
not only just do your due diligence, don't trust the listing or agent. I was going to buy a lot that the listing said had sewer, cable, gas and electric utilities available. I knew this was untrue as I lived next door to this lot and knew cable wasn't available. The sewer and gas stopped a quarter of a mile up the road.
I brought this up to the listing agent that her description was wrong and I know because I live beside the lot. The old gal changed the listing to all utilities available. Some agents are just in it for the commission.
Is that not false advertising? Pretty sure it is.
@@TheJMBon , I would think it would be. I never thought to report her to the licensing board but doubt they would have done much. This town here is screwed up. Too many agents in a little pond. Never use the inspector recommended by the agent. When I bought this house, I found the three important things in the real estate game: commission, commission, commission.
Agents like that are the true lot lizards, because at least with a prostitute you'd mostly know what you're gettin into. And I wouldn't call em snakes either cause that'd be insulting to an actual snake.
Some? ALL agents are in it for the commission.
I would reported them and get their license taken away. They cannot false advertise and the buyer can sue especially when they have proof of it.
We bought a lot in southern Michigan near the Indianas border. We question the township government offices about our intensions and most of the policies, laws or whatever was pretty much off the top of their heads. They new our intensions was to park our RV on the property while we cleared the land. We had a power pole dropped in and also we connected a sewer line to the city sewer system at the street. The city was fine with letting us park our RV on the property until a new engineer was hired to bring all the rules up to date. Althugh we had a 14 day permit for our trailer and were told that we could just renew it every 14 days but the new engineer said nope, it was only a tempearary permit. The engineer said if we want to continue to park our RV on the property that we would need to have a contract in our hand from a home builder. We told the engineer we were only going to be on the property for a few months while we prep the land but wasn't going to build a house until next year. Our plan was to ready the property with power, driveway, mail box address, sewer hookup, construct a drive =way with gravel. The engineer said no that we must have house contract and ask how soon we can get off our property. We sold the lot and moved on. We were not ready to sign a contract with a builder that year. So even if the city gives you permission they can also change their minds. It was a big cluster Funk.
What a nightmare! I'm sorry to hear. This is great knowledge, and a lesson to learn.
What a prick.
People just told you what they remember and did not go check their memory....wow due diligence is noted here
I shouldn't be required to build a house on my property. The contractor was correct in telling you what is required by the city/state, but the laws behind it are nefarious at best and downright malicious at worst.
Sorry but that was naïveté on your part. Rules and laws are continually updated, it’s common sense. And honestly, you should not have been allowed to use a temporary permit as a way to avoid building for a year. It wasn’t that anyone “changed their minds” and it has nothing to do with you personally. It’s called a temporary permit for a reason.
I don't know how this video made it on to my feed, but I'm glad it did. I'm not even in the market or industry but this was a very informative video. Your pace, elaborations...just fantastic. Well done!
Great overview. We purchased 13 acres in Southern NH in the early 1980's. This was back acreage that had recently been subdivided. That was fortuitous in that we had an accurate plot plan. Agree wholeheartedly with walking the land.
1) This was New England back acreage so it was common for folks to use to use it as a dump for household trash. Nothing dangerous but it took many trips to the local dump by myself and wife to remove it, but we did end up with a nice collection of glass bottles. However other areas of the town were not so lucky as we have the dubious distinction of being home to multiple Super Fund sites.
2) Find out about zoning ordnances. We moved a mobile home to the site and lived in it for couple of years while we built a house. Make sure you are allowed to have two structures on the property at the same time.
3) Here in NH we have something called Current Use taxation. To maintain as much open space as possible large parcels can be put into Current Use. The parcel is then taxed at its productive potential: farm, woodlot etc rather than its speculative value on the market. In NH the minimum amount of land that can be put into Current Use is 10 acres, so you need enough land in addition to that to build on. If the land is taking out of Current Use there is a substantial fee so that is something to be aware of.
4) Electricity was mentioned but for many of us internet access is also important. We had Landline telephone and DSL for many years. Recently fiber was deployed in our town so we now have much higher internet access speed. Our house is about 600 ft off the road. The utility company provides one free pole. We were all excited until we found out due to how the poles were located along the road the first pole was at the end of our driveway and we needed to pay for two more.
5) Site development is costly and well and septic system cost can be hard to control. We moved a used mobile home to the property so when we built our house later those costs were already taken care of. Living on site worked out well while building the house we were able to work on it at night.
6) Schools and local governance, when we lived in the city we (or at least I) had a romanticized notion of rural life. Now that we live in a semirural area I like to joke the only difference between urban and rural areas is there are fewer crazy people per square mile in rural areas. How well the local government works can have a tremendous effect your situation. We have been lucky our town has managed pretty well with the changing situation over the years.
One things he didn't mention was HOAs. They can be an additional, gigantic pain in the ass and cost additional thousands of dollars per year on top of your property taxes. HOAs can be extremely restrictive as to what you can even do with your own home, right down to exterior paint colors
All true, but I don't know of any HOAs in rural, open land areas. They're usually in urban areas.
HOAs are usually to maintain curb appeal in suburban neighborhoods. If one house looks bad it brings the value of all the other houses down.
If you buy land. Are you forced to some how join HOA? Can you not Criminally Tresspass them!
@@prophetseven728 If you buy property that's already part of an HOA, you're in the HOA. That's part of the purchase disclosure. But I don't believe you can be forced to join one later. And note most HOAs are in urban neighborhoods. It would be rare to find one in a rural area.
@@prophetseven728Most rural land wouldn't have an Hoa but no most places that do you have to agree to the Hoa rules as part of the purchasing process I believe
I lucked out and found 3.5 acres of vacant land 2 years ago. It is close enough to our subdivision that I could walk to it, but yet it's considered "county" so there are no restrictions. The sellers were 2 daughters who inherited it from their late father after he died. At one time the father had a mobile home on the land so there is water, septic and electric already on the property. I have not done anything with it and do not know what it would take to register the water meter or get a permit to use the septic tank. Right now I am just thrilled to have it. I will retire in a couple more years and that's when I plan on putting in a new drive / access road and building a metal garage there as we are currently in a different state. Oh there is also a pond on the property that I plan on using to water a garden and plants after we get everything setup. Anyway good video and some great pointers to consider. Having land, even 3 or 5 acres is a dream come true for a lot of people including myself. There is a lot of satisfaction in knowing that this is all yours as you walk around your little corner of the world. I can't wait to retire and get to work on it.
In similar boat, is fun walking around on it
@@CjplusLj Yes it is for sure. How many acres did you get and what do you plan to do with it? I have a lot of ideas but have not committed to anything other than a place to burn brush and have a garden and a workshop there.
@@dirtwhisperer658 I got 16, I’m building a small house singlehandedly (with very limited previous building experience) and planning on trying to produce 50-75% of my food, plant nut trees, etc. Want something worthwhile and fulfilling to do, tired of living in the city
Also, do soil samples in several areas of the property.
If we did not have the graft and greed going on in the cities, counties, etc, which includes the excessive permits, and the landowners more people would be successful in this endeavor. As much as I would like to build my own on a piece of property. I shy away from it. On the other hand buying an existing house has its own risks and financial losses. I have owned 3 homes and the previous owners have lied about damage to the structure each time.
The money pit was actually a documentary.
All good advice. If you walk the property, look at the age of the trees (if there are any). Young trees could be a sign it was previously used for farming, or had been clear cut and there is no timber value left currently on the property. It could also be a sign that the property had other commercial uses in the past. This is why walking the property is so important. You are looking for any signs of commercialization from its past.
Something else to notice when walking the property and why you walk it. Slope, elevation, and natural water access. There is a house under construction now that is literally being built on the flood plane of a creek that borders the property in my area. As the foundation was being built, you could tell by the depth dug for the foundation and the concrete base that the foundation now rests on that the builders knew they were dealing with drainage issues on this property. They also brought in a truck load of top soil for the front and side yard because this area is a natural low spot that collects water. In short, the front yard would be standing water after each rain if they hadn't brought in a bunch of dirt to try to raise the land and redirect the runoff more towards the creek.
I shake my head at this because this parcel is the last piece of real estate you should be able to build on. And some unsuspecting future homeowner is going to get a surprise later on when they realize their home sits on the low spot of a natural flood plane.
Even if you live in a town, if the town doesn't have water runoff drainage mains, odds are the town uses traditional drainage ditches to redirect rain water. And all of that water goes somewhere. So whoever has the low spot on the street, is the catch all for that very run off. If you own that property, your yard stays flooded.
But I say this because if you don't walk the property prior to the sale, you have no idea what you are facing. You could have a steep slope. You could have property on a flood plane. You could also realize that the bulk of the property is exposed rock and growing, planting, or even digging on the property isn't a viable option. So no septic system without blasting through hard bedrock.
This is where its really good to talk to the neighbors, if there's anyone with in a stone's throw of the area.
They'll be able to tell you very quickly which part of a property is flooded horribly in those once-in-a-decade storms better than any maps and research could.
Heck, they might even have the property caught pictures if its particularly egregious flooding
@@Bird-wz7nxI say buy the neighbors coffee or lunch and dinner and have am in depth talk with them.
Houses are built in flood planes all the time.
Speaking of septic systems, be sure to find out where any septic tanks or leech fields are installed as well as where any old leech fields may have been installed. Similarly Fuel Oil tanks, Propane tanks, and other reservoirs can be installed underground and abandoned. This could conflict with future building desires.
These videos are so informative. There are pitfalls I would have never imagined.
I was lucky, I got a house with 40 acres back in 2015. No complaints. :) It was dirt cheap (compared to the prices, nowadays.)
Whereabouts ?
that is why I moved to Wyoming. We still have some freedom on what we can do with our land
How do you get water out in the middle of knowhere though? I cam get a couple acres in one spot but it kight only be 100 feet by 300 feet in a different place but at least water is easier
@@TheAnnoyingBoss drilled a well. 180 ft for water
Been through just about everything your talking about on a 5 acre parcel I bought in CO ten years ago. Built our dream home, but learned many lessons the hard way.
What are some of those lessons? Or do you have any tips?
What area in Colorado? I’m looking to build in San Luis Valley.
Please make a video.
We're still waiting for your response 😂
Great advice Wayne, thanks to your experience. Mark Twain said, "Success comes from experience, experience comes from failure" 😮
Many years ago we almost bought a property. Glad we did our homework before making an offer. Upon doing some research we found out the trees around the property were infected with oak wilt. Not sure if the seller knew about it but we ended up passing on the property.
One other item to be sure of is that you can access the property. I've seen a couple of occasions where people bought a landlocked parcel, only to discover there's no legal easement, or that the designated easement wasn't usable.
I've seen some stuff like that on zillow and I was just thinking. How the fuck are you supposed to get there without trespassing on someone else's land? Lol
Law students everywhere shiver in fear at this very question
I had an uncle that bought a parcel like that and everything was fine for several years until he got into a feud with the guy whose land he used to cross to access his. That was the end of his access.
@@25jaimie Helicopter
If the seller split his land to sell the landlocked parcel you could have an implied easement over his land to get to it. Might need to go to court to get that proven so you don't get wrongfully arrested or shot. Even then, you will have a neighbor who hates you. Better to talk about it before buying
I bought 80 acres in February. When I looked at it the snow was so deep i could only walk the the front 40. It was too good of a deal to pass up. Creek on 3 sides of the property. I'm only using it for deer and bear hunting. 30 min from my house. Great advice though.
My dream. Good job man!💪🏾
This is the dream. I have 120 acres about 40 minutes away from me. Only problem is you have to drive through meth city To get to it and EVERYWHERE surrounding my land is completely trashed. I’ve been out hunting before and suddenly a bunch of cracked up dudes come storming through on 4 wheelers, walked into my favorite stand to find a gut pile under it, even find gut piles outside of season
@@bullgravy6906 man that sucks. Mine is right next to the county fire department in the county. Mine has been open to the public for the last 19 years so I closed it but I’m sure I’ll have company until word gets around. It’s sad that no one respects other people’s property. My land is 35 min away from my house and 5 min away from my parents and 5 min away from my brother. Good luck this year and hopefully you can keep the crack heads off of it.
@@ehderguyyashootadeerorno2313one neighbor had the fear of government put to him, the .45-70 variety. He came storming through, heard 405gr’s wiz past him, he hasn’t been back. Thought that’d quiet the rest of them but looks like I’ll need to keep calling on the only government I trust.
There also can EPA survey on the property and may be a natural spring in your proposed building site. In my area there is also deep water table and the water often has a high salinity and most people opt for a cistern because of the cost of drilling and the often low quality drinking water.
That’s great information
Spring water is better for drinking, I believe. What part are you from?
@@ridgehilljillie9429 There is no one type of "spring" water. Some springs have good water to drink, other springs can have minerals that are unhealthy like sulfur, salts, etc.
Aces , I learned all this on my own and this internet generation is very fortunate to have your input.
Another "gotcha" to be aware of are endangered species restrictions. As an example, a lot in an already developed community turned out to be unbuildable. It seems an endangered species of a bird that nests on the ground was found in the area AFTER the other homes on the street were already built. Now all new construction was halted. Another is fees to the county for putting road or services in. I found a beautiful lot on a dirt road but the fees for a road extension and fire hydrants and fire road access were prohibitive.
Just want to point out, at least here in Florida. Due diligence periods on raw land are often significantly longer than 14 days. Normally is 30-45 days due diligence with a 45-60 day close. UNLESS youre a developer who dosnt need all the DD on the front end because they have multiple projects in mind or they will just sit on/flip it at a later date
Mr. Turner, do you have a list of questions to ask that we can print out or which video do we listen to create our own list?
Also check for Natural gas sites near... they fk up all the ground water. Ive zoomed out of several properties because they had fracking going on near. Also you can see by the uniformity of trees if places have been farmed for timber. If you pick a piece of land near that hasn't you still can have the ecological impact of them raping the land near you... If timber farming has not been done properly the land can suffer from many issues making a homestead hard or impossible. Hog farms are another thing you don't want to be near. I lived near a woman who loved horses and had about 80 on her 25 acres... when the wind blew you could smell horse shit. Wasn't too bad most of the time plus she gave us dozens of eggs when ever we wanted. Also look for neighbors with tons of junk through satellite views... I wouldn't want to be next door to that. You can off grid diy most things but lots of places won't let you do your own septic and can require you too have it. If you like to fire pew pews some place require a certain amount of acres to do it. I hate how this world and all its rules and regulations still want to mess with those trying to live free. Unless you get an Allodial title you will never be living free... tax man will not allow that.
So much my son and I will have have learn about before being ready to make that purchase happen. Thank you for providing all these details. I bet a lot of people are not aware of everything you spoke about. Really appreciate uploading this awesome video.😊
I love that you tell people walk the property. Have always believed in it. Also did as a r.e. attorney on a couple of deals that sounded sketchy to me and I was proved right. Helped a friend dodge a real bullett.
All i need is the land from the sky to the center of the earth. Im goin completely off grid.
Go!
Off the grid, but on the internet.
@@mr.mr.4772 yeah i need that my passive money is made on there.
@@mr.mr.4772starlink...
City Impact Fees can kill a project..
I went to a local city building dept ..
Water, sewage, sewage treatment, parking, traffic, facilities ( police and fire), and more $80k
I lived in rural USA and everything was 30+ mins to nowhere. sure the high school was literal stones throw away. Unless you wanted just the basic necessities. You are driving to get the ingredients for that special meal, or ordering online. No just popping down to the big grocery store.
That is a problem? Nah, sounds perfect to me.
Man you are truly a blessing. Thankyou for all your knowledge and help answer questions
I can see this being a TV show on home and garden
Make sure the land you buy isn't in a private lands conservation program by the government or the land doesn't flood during the winter.
Great information as always. Thank you for taking the time to make these videos.
Family bought a house half the side yard has trash and about 5ft layer of wood chip buried. It was discovered when a simple trash pile burn turned into a week event were the fire wouldn’t go out.
Whew, that could be scary.
Always call the county and record the conversation or get it in writing that you can do the things you have planned before you buy. I am off grid with no ties to anything city or county related with a composting toilet, rain water collection, and solar set up. As for permits, limit your interaction with county officials as much as you can and instead of building a cabin, buy a prefabricated one that is on skids. That's a temporary structure technically and in many places require no permit because it was built to code and inspected already before you buy it. Folks in my area thought a person needed a minimum of 5 acres to have a homestead but ai have 1 acre. They have asked and I laugh and tell them no, the county has no such rule, it's just strange to see someone with less than 5 acres in the sticks. Most homes in towns or cities are on less than .3 of an acre and that's a decent yard with a 3000 sq ft home lol. What I do recommend is buy land with an address already established. If it has no numerical address, insist on the seller getting one before you buy. That and a driveway with drainage will save you a lot of hassle. Never buy land with no address.
What's the danger of buying land with no address?
It was easy for us to get an address for ours. Just submitted a form with our local permitting office for free, and someone came out and found our marker we left for them and put the location in the 911 system and soon could find it in online maps.
@@Cannibal178I'd like to know as well
I bought my dream property years ago. I just didn't understand the cost of putting in utilities like well septic and electric. And I didn't know well depth.
May I ask what the well and septic cost was?
@@co4x4 The well was just over 10 thousand dollars. 5 inch. 160 feet. The septic was 6900 dollars. So 17 thousand dollars total
@@gregorylyon1004 thanx for the fast reply! Some of my preliminary research shows that wells around where I want to purchase land (West Colorado) are all around the depth of 350 feet...ouch!!! Cheers!!!
I feel blessed to have found this. I am a few years off from purchasing land of my own and our own for our family-
Knowledge is Power and you definitely just dropped some knowledge about the subject.
Many thanks! 👍
66 55-gallon drums was a little too specific there, pal 🤨
wayne stays up late thinking of problems to discuss on his next corny video
Bought a great 5 acre parcel. Cleared it myself. After a 500' water well, septic and power I am another 60k in. Taught myself to run a dozer and chain saw to save money. Then the mine spoils were way deeper than I thought. The mineral rights were a fight as well, not for the value (former oil field consultant, 6th gen) but I wanted control. Land is fun but 2x purchase price to get to building
I bought 50 acres of property and there were some unique challenges I like to advise.
1) Location! I live 15 minutes from a town with 1 major grocery store, a local doctors office, small restaurants and hardware store. The nearest city is 35 minutes away with Costco, Grocery stores, major restaurants, large hospitals and etc... I was lucky to find this property that close, but this is an exception.
2) Keep your land maintained. I have 4 riding mowers I share with my family and we constantly have to trim and mow to keep it maintained. If you let it get out of control for ~ a year, then you have to deal with cutting trees and wildlife. During the summer I mow twice a month and each session takes about 2-3 hours.
3) Utilities and Internet! Check to make sure you have broadband internet available in your area. Our internet company only comes to the road and our house is 1/2 into the property. We negotiated with the internet provider to provide the drop 100ft into our property off the road. It goes into a shed where I installed myself a directional Wifi Antennas to beam the network down 1/2 into my house. Our property also does not have a gas line so our home is 100% electric. We had to pay the electric company to install poles into our property so we can have electricity at our house. No water and sewage, so we paid a well company to drill a well and install a septic tank.
Fortunately I hired a really good agent and confirmed we retained mineral and timber rights.
My whole purpose in buying rural land is I don't have to do SQUAT ! Not interested in mowing anything !
Also, check if the land has sewer, water and other utilities.
The cost for septic can be high and you may have to dig your own well.
I was interested in a piece of prime acreage in a nice area. It was the only parcel left which was odd and found out when I looked at the plat map that almost half of it was classified as wetland, which would be a headache getting approved if you needed to build on it. Don't just walk the property, check the plat map.
Yes! Absolutely have to verify all of that information during your due diligence period
Wow! You are a walking encyclopedia. I appreciate your knowledge. Thank you.
Excellent info. Thanks!
I couldn't agree with you more. However, I did find an agent randomly who was pretty good. When I was set to buy the lot next door, she worked up the paperwork before I had even done anything else on it. Probably wasn't too much work on her part but very helpful too when I went to the bank. Since this was "bare land" the bank doesn't do a mortgage on something like what I was buying. She did help with facilitating moving it along to the point of sale.
This is more than I can say for the ole gal who was supposedly representing me when I bought this house I have now. They had put a new furnace/heat pump in and I had stopped to look at the paperwork. Being a guy, it was mechanical and was like "Oh, shiny. Me like." The old gal was ahead of me, had went threw the other four rooms on that level and was out the door never realizing I wasn't behind her.
I later learned that she gave me busy work to keep me from finding stuff out like the house ran on two electric meters. She was after the commission. I hate her to this day. I do look forward to buying more real estate in the future that she represents and being able to proudly say during closing "My, you got fat, Christine."
OUTSTANDING!!!!!!!!!! This is JUST what I needed to hear. Thank you Wayne!!!!!!
Don’t ever excavate and make your own pond or lake or you’ll risk having that section of your property condemned as future flyway or nesting area for migratory birds that use your pond/ lake. My buddy did that many years ago on his 5 acre property and lost 2 acres of it as “ un-buildable” because of conservation and waterfowl habitat laws, he only built the pond to control water runoff to keep other neighbors property from flooding. He was planning on filling in the pond he built and building a home for his parents- nope- county said no permits because of the migratory laws.
Can we really every truly own our land?
you'd need your own military for that. but owning your land in the conventional sense is still better than renting it.
Ask every cultural throughout history starting with native American Indian.
No. You don’t. You’ll loose it once you stop paying property taxes
Nope
No. You spend all this money buying a home and maintaining it and building a life yet if you don’t pay your taxes they will take it right out from under you in a heartbeat. It’s the sad reality of the world we live in
My neighbor bought 200 acres and only really decent site for building a home was about mile from the powerlines. Entergy wanted 25,000 dollars to bring power to him. He is off grid.
Yeah I’m not tryna buy some property that was a native burial grounds, not really tryin to hear the west drums at night when I’m trying to sleep
If the land purchase and development is for business reason of developing a plotted layout to sell then all these aspects of development have to be prioritized based on the expense on each type of development and how much does it add value to your land per unit. Activities like setting up drainage system, bringing electricity with poles and transformer for the plot buyers, developing park, setting up street lights and so on need money, time and effort but also bring up the final selling price per unit to the buyers. Working out these calculations for final profitability of the project along with constraints on money, time and resources availability is the key to success of the project.
I am into it right now.
Building permits, impact fees not included, were $21k for a normal size house in my area of IL.
That in itself is criminal.
In my area of IL. No any fees, no permits, no restrictions beyond Septic and Well permits and inspections from the health department. Finishing up my New Pole house 2400 sq feet for a hair less than $55,000 total. Built a 12 acre small lake, a 5 acre pond and a 1.5 acres pond last summer Zero Permits or fees or permission needed, EPA included. Every 4-8 years they throw zoning out in the County on the ballot and every time it gets shot down hard.
Who did your polebarn house? What city?
South Elgin. That was 4 years ago. I can't imagine what the fees are now. They were also charging school impact fees for a while. I'm not sure if this is still happening. The fees were so expensive I decided not to build.
@@RBart-os6sy Southern IL. in one of the Counties with No Zoning, Permitting or Restrictions.
Thanks Wayne for your many smart advices.
He guy, i have a good one i found on YT.
It´s not around it´s in France, but the same shit can happen elsewhere.
The guy had its new builted house in a small village, all surrounded by existing house.
For heating he choose geothermal. An experience contractor start to dig the hole through soil, then rock then hit overpressure underground water. That water with that new hole went inside rock formation on top. That rock acted like a sponge and now all surrounding soil went up. Big cracks in road pavement, many houses around with big cracks in foundations, walls up to the roof.
Now who´s responsable and will pay. Total bill will be a fortune.
At the begining it was just a hole with a pipe inside. Nothing to worry. You never know what´s below your feet...
I vehemently want to avoid, to the maximum extent possible, having to get PERMISSION from any branch of Big Brother to do stuff on MY LAND. I understand and appreciate it for a VERY few things, such as drilling a well for water, and installing a septic systems. Both of these interface with the greater environment, and thus it needs to be ensured that they're done properly. But that's about it. NO "permission" for ANYTHING else. And I do NOT want to be suckling at the Utilities' tit. I want my land to be well and truly FAR away from any electrical poles, water, sewer, gas, etc.
Enjoy living in a fantasy world then.
Tell Frodo Baggins I said Hello, because The Shire is pretty far away into fantasy land. Every one of those homesteaders returns to the grid at some point. It's never 24/7 and 365 you gotta come back at some point or buy supplies from society at some point
Idaho is full of off grid properties. You'll run into land that already has a 1 person cabin and nothing for miles regularly there. But it's not cheap to live there.
Good advice, but sometimes while you're doing all that someone who doesn't care about that will buy it.
I bought 10 private acres lakefront lakefront in N.W PA. I am landlocked to one side via a ravine. All in all I got it and the house for just under $140k. I love it.
yeah now im researching after looking at 5 acres for only 10gs, its practically inaccessible, no poles in sight, near a wash, i imagine what it will be like when it rains
But how? How do you do everything needed during a 2 week scramble? For example, If you need the fire marshall to review an application and judge if you need a fire hydrant installed prior to building, they are not going to drop everything to meet your deadlines. I tried to get an eval of an existing soil test and I couldn't get anyone to even look at it!
That is the thing. You have federal, state, county, and possibly city guidelines. Which is one of the reasons this very podcaster mentioned rural property. Rule of thumb, if water and sewer is available to the property, you fall under some city's rules. Fire hydrant's should only be a question if the property is on the very outskirts of a city line and the city simply hasn't seen the financial reason to put one out their themselves. Yes, some cities will do this for you, but on their time table. Which isn't going to be yours and one branch of local government is saying they will eventually get around to doing it while another branch is telling you that you can't do any building on the property until it is done. So the city is hoping you will pay for it so they don't have to and you and your future neighbors benefit from your expense.
I find it annoying when a middleman buys a large plot of woodland then splits it up into smaller plots trying to sell them as unique lots.
I'm looking for woodland but want a stand-alone plot about 5 acres but its expensive in the UK.
Hi Mark! We’re selling a 9 acre farm land (20 minutes away from sea and near the market road) here in the Philippines for only $11 per square meter (with clean title). If you want, I can show you around to check the area.
I'm thinking about buying a piece of land full offgrid, but I'm a little scared of the costs involved, I've already been to see the land and I really liked what I saw
It can get pricy to get it set up
I'm not sure if this is the same in the US (I'm in Canada), but you may not be able to get a mortgage on an empty piece of land. Banks are concerned you might simply walk away from an empty piece of land, they feel it is far less likely you will walk away from a home. I have a home on five acres. We live in a gold-bearing area and do not have mineral rights. This is the norm in Canada, where the government owns all mineral rights. The government could force us to sell them the home, then take the land and lease it to a mining company.
If you want to grow food you need a soil sample and some south facing land. Don't want to be on the side of a hill facing away from that precious sun.
Finding the best deals is going to require some digging and networking. I don’t know of any sites or databases that compile that information
Why buy property if someone else can tell you what you can or can't do on it?
That’s with anything. If you think about it what do we really own? Nothing.
Because if you rent, someone else has even more say in what you can or can't do.
I've rented most of my life, because I have moved many times and wanted to avoid the cost of the churn. And there have been times that renting felt like a strait jacket. Now I own land, a piece of forest with seasonal streams and intentionally off-grid. There is a profound sense of relief and security being away from HOA's and much government regulation.
In Iowa I bought 10 acres for 60k back in 2020 during Covid time now it’s worth $300k ! Of course I invested about 15 k to ran water and electricity to land !
Only issue ive been seeing lately is a lot of land doesnt include mineral rights. I was looking at 40 acres and the comoany wasnt transfering mineral rights and the water rights were apparently going to be held by the County or State even after the purchase but we would be allowed to get a well.
And next year they are fraking all over the place and you can light up your well water.
I've spent a fortune traveling to town and back from my rural land. The washboard dirt roads have ruined my car.
Contractors want a lot extra to travel too
helpful as I've been looking at investing some cash in rural land (as opposed to having it deflate). Thanks!
So glad he mentioned solar , diy installing solar is such a great way to save on money and local construction beaurcracy. As long as you have a sunny easement , you don’t even need a permit in my county
Dude dropped "parish" Must live or know Louisiana well. You got my sub
Watch out for "Mineral Rights". In Northern PA fracking is big business - and the owners of the rights get paid by gas companies that are extracting gas. If "Mineral Rights" dont convey, I'd be passing on that. There as a scam recently where a real estate salesperson was gobbling up property - selling it to her boyfriend - and then immediately relisting it -without the mineral rights.
I never even thought of timber and mineral rights.
Power, water, waste disposal, building restrictions, plating agricultural restrictions, pesticide restrictions, hunting, animal husbandry, land improvement or approving restrictions. Vehicle storage. Try to get a lawyer who knows this sort of stuff like the back of their hand.
Something as simple as running 3 phase power may cost you thousands of dollars. something like 50k or more depending on where the nearest junction is located.
Y'all this was me
I was prepared to buy land here in Florida because I was ignorant. I had no idea that it costs over $10000 just to set up a simple well system and septic system. Plus the cost of clearing, oh and if your clearing it get the department of environmental protection to Verify how much you can clear because apparently you can get fined THOUSANDS of dollars if you cut down the wrong tree or mess up a burrow turtles nest. Oh and the permits of how you use the land which can get denied if it's not up to that counties rules. I just had no idea. I thought once you buy land boom done it's yours do what you want. Very discouraging process if your doing it unprepared and unplanned. This video is gold ASK questions and keep your head up ❤️
That was cheap for well and septic
In my fl county, when they put in city water and sewer , they pour concrete into your well pipe and cistern. AND $25,000 infrastructure lien on property tax. And of course, monthly charges for service
WOw ! What county is that ?
Man your videos have cleared so much up for me about buying land. Thank you so much! I do have a question though. If my plan is to get my electricity from solar panels and or windmills and use rain catchment methods to get my water do I still need permits? I would love to see a video on building on land and alternative energy sources.
I'll be honest, no one online will have the answer for you. All the different states and municipalities will have their own requirements for permitting. You need to either call the municipality that governs the land, look it all up yourself, or hire a realtor/later who knows all the applicable rules there. For instance in my state many municipalities don't require a permit for a shed if it follows the rules for set backs and is under 10'x14'. My specific county requires a permit for any size shed. Also, be aware that many of the people at the front desk of your permitting office may not know all the nuances.
You do not need permits on unincorporated land. BUT the moment you attach your property to grid system ( start using grid infrastructure ), then the nearest town can infringe on your property.
Great advice allowed to think about thank you so much
Always here to help.
@@TheRealWayneTurner I wish I could have talked to you 18 years ago before I bought my 20 acres of gorgeous mountain wilderness near Palm Springs, California. I paid $15,000 for 20 acres, with a properly done leveled building pad and a water meter and fire hydrant installed that the former owner paid over $7,000 to install back in the 1970s, back when they paid $50,000 for the parcel.
They got hosed!
They bought this from a developer who promised there would soon be paved roads and utilities. The developer was a shyster from the UK, who fled the USA with the money he got from buyers who thought they were getting a chance to build dream homes. Only 10 homes were ever built in this valley of about 5 sq. miles, so most parcels stayed undeveloped.
Now that cannabis is pretty much legal in California, we have squatters who build shacks on the most remote properties and are only here during growing season to tend their weed crops. They use very toxic herbicides, rat poison, and insecticides, which have killed off much of the wildlife I love, such as the brown bats and burrowing owls (a protected species). I don't care what they grow, but I hate how they are poisoning wildlife. This is a problem I didn't predict 18 years ago.
I don't regret buying it, now that I've lived here 16 years and have my off-grid triple wide home powered by solar and wind. It took over 2 years to get everything ready to bring the house here, so many permits and dealing with county inspectors who love having power over people's hopes and dreams, and it all cost much more than anticipated. I really hope people are listening to you because everything you are saying is spot on, 100%!
The toughest thing about living here is wildfires, which occur at least every 10 years so we are due for another. Our last one was in 2013, and my son and I weren't able to evacuate so we had to shelter in place completely surrounded by flames for over 3 hours. It was absolutely terrifying, and I developed pneumonia from the smoke inhalation. The previous fire in 2006 was even more tragic. My nearest neighbor currently had a beautiful home he built, which is the closest grid-tied electricity. During the Esperanza Fire engine 57 and it's crew of five firefighters tried to save his home but it cost them their lives, all five died. The home owner built a lovely memorial to those brave firefighters, and now their families and other firefighters from all over visit and even train here. Now when there's a fire anywhere on this mountain, several fire trucks park there as it's a good staging area. I'm the only house past that memorial and that's why two fire crews were here to help us in the 2013 fire.
Those paved roads were never built, so we have rough dirt roads we repair ourselves usually with shovels, sand bags, and sweat. Makes it almost impossible to evacuate in time. I keep a herd of goats to help keep the brush and weeds under control and they also saved our house in the last fire. Some neighbors weren't as lucky, so now my home insurance is triple what it used to be and only one company offers fire insurance; a state-run operation, and I have to buy a second policy for any other damage.
Because we have goats, we also get frequent visits from mountain lions, a problem I never anticipated! Last week we lost 2 goats during the night, but the puma came back the next day and grabbed another goat in the middle of the day, which is not normal behavior. I ran after it with my loud megaphone siren, and the cat dropped the goat and we saved her. However, I tripped and fell on my face, breaking my nose.
I need to seriously try to sell this place for as much as I can but I'll be lucky to break even. Insurance is very expensive, and our tax rate went up too thanks to the neighbor who built a $2 million dollar home near me, so his home's value is part of the comp used to raise the tax value on my home.
I just know I'm getting too old to keep doing this without help. My husband left me after that last fire and when the first mountain lion attacked (same year), even though he wasn't here during either time.
Great Advice! Government is out of control. Charging you for everything. Just so they can make money. That is wrong. Heck, the land can stay empty and they still charge you.
thank you Texas Pierce Brosnan!
Thank you so much for the info! I would've had no idea where to start 😅
This is a great start to my property research worksheet I’m building. Thank you, Wayne!
Hey Wayne, love your videos. Can you give us information on how the new Supreme Court ruling against the EPA wetlands authority affects us looking for property? Looks like they can’ not regulate any property that does not connect two Major bodies of water. Thank you in advance!
Pay a lawyer for an hour a
He answers your question at 1:33
Some places have requirements if you plan to have a temporary home set up... like septic. Some places have restriction on water catchment, too. I also want to know if there were any Sasquatch sitings in the area. That would be a deal breaker for me. 😱
Love that your putting this out but I hate that you have to. I get some people are greedy and sometimes less then honorable but the thing about counties, city's and states wanting to charge you before you even have something to tax is just wrong
Very informational! Unbelievablly glad to see information like such shared in easy access.
Thank you! 😌
Do a title search first,.. to make sure there is no leans or any other thing against the property.
You don't want to buy somebody else's problems.
The best is to go through a title company for the land, and skip real estate. Save yourself some money.
A title is only the description of said property, Like a book. It should tell you The size of the land and, what you can and cannot due on said property.
The deed proves ownership, other than taxes. Like tags for your car.
Owning mineral/timber rights is a must
THE TRUTH IS… in America. You don’t own property, you only open lease it from the government. Stop paying taxes, and you’ll learn that real quick. This is why you have to pull permits because you have to ask for “permission” from the real owners.
They want you develop it, and pay to build things on it because it enhances its value and it’s tax liability. Just more money for them over time.
That's what freed Americans from the kings of Europe.
In some states you can not be 'off grid' even if you do not use any electricity form the power company, you might still have to be connected..
well, at least that is my case in Polk County, FL.
Yes, Florida passed legislation a few year ago that all residences must be connected to the grid.
Thank you for this!!! shot sweet and very well receded just started looking for some land up here in WA this was very helpful starting is the hardest part
One of the most insightful videos i have seen on youtube in a very, very, long time, well done
You also need to make sure there are no protected species living on the property. A nest of Box Turtles can shut down a job site until they can be rounded up and relocated.
Who exactly spots the turtle?
@@Curious_Skeptic When they are clearing the lot they usually uncover the nest and have to report it. They send out someone to make sure the whole family gets relocated and they don't leave any behind. Sometimes takes them a while. Neighbors have been known to "find" some if they are unhappy about the lot next to them being built on. I wouldn't go so far as accuse them of planting a turtle on the lot, but ...
@@WileeC Do your own work, problem solved.