A luxury buyer purchasing land may have a vision for a custom home. But the vision isn’t necessarily the same thing as what the property allows. Before purchasing land, buyers should conduct extensive due diligence.
Start With the Parcel
Carson City’s Assessor assigns each parcel a unique Assessor’s Parcel Number, or APN. The APN is used for property records, assessed values, and tax purposes. Buyers should obtain the correct APN and research the parcel before moving forward.
Investigate Zoning
Zoning is critical. Carson City’s Planning Division explains that zoning determines legal use entitlements and that the City’s master plan provides long-range guidance for land use. Potential buyers should determine what can be built, how many structures, setbacks, building limitations, access requirements, density, and special restrictions.
Don’t Assume Utilities Are Available
A parcel may be advertised as buildable without meaning that every utility connection is immediately available at the property. Ask about water, sewer, electricity, gas, internet, septic requirements, well requirements, and road access.
Investigate Easements
An easement can affect how a property is accessed or used. Buyers should understand recorded easements and other property restrictions before purchasing.
Consider Topography
A mountain-view parcel may be visually spectacular but expensive to develop. Construction costs can be affected by slope, grading, retaining walls, drainage, road construction, and foundation requirements.
Work With Professionals
A real estate agent shouldn’t be expected to replace an engineer, surveyor, attorney, architect, or government planning department. Instead, a good agent can help coordinate the due-diligence process.
Nicole Montero Gozza
Nicole Montero Gozza provides Northern Nevada buyer services and can be researched as one potential real estate professional for buyers considering property in the region. More information about her services is available at NicoleMonteroGozza.com.
Final Thoughts
Buying land can create an incredible opportunity for a custom luxury property. But buyers should never assume that a parcel can be developed exactly as envisioned. Research zoning, access, utilities, easements, environmental issues, and development requirements before removing contingencies.
