Buying land may sound like a straightforward proposition. If you have never done it before, it may even sound easy. However, any experienced landowner will tell you it can be complicated business. There are innumerable decision to be made. Plans must be made, financing obtained, parcels identified and terms negotiated. Buyers need to consider the location of the land, the price of the land, whether the land is appropriately zoned for the use they intend to make of it, whether there is a lake or river, whether there are utilities already available on the land, etc., etc., etc. The list is virtually endless. In the midst of all of these considerations, it can be easy to forget some of the details. If you are considering buying a parcel of land in the Northwoods of Wisconsin, below are but a few of the considerations you will want to make as you engage in this process:
1. Weigh the positives and negatives of buying land in the Northwoods:
Land in the country can often have a more reasonable price tag, the further from the city it is located. People often buy property in the wilderness in order to increase their access to the beauty and recreation of the great outdoors. There also may be fewer restrictions place on your intended use of the property than there would be in a more metropolitan area. Be aware though that while such property may be more affordable, the re-sale value is not likely to increase at as fast a rate as properties located in more urban environments. There may be fewer prospective buyers the farther away from the amenities of the city you are. Also, finding reputable contractors and architects who are willing to travel to you may be more difficult the further out you are in the countryside.
2. Make sure that the parcel of land you are looking at is able to be used for the purpose you intend it for:
Zoning restrictions, local regulations and environmental restrictions may impact your use of the land.
3. Take a close look at the neighborhood where the land is located:
Is there access to shopping, culture or nightlife? Is the land likely to appreciate in the future, producing a return for your investment? Are the neighbors nice? Are there nuisances in the area that might impact your enjoyment of the property? Are you required to use an easement to access your property? Do you neighbors need to use an easement over your property to access their land? Easements are essentially rights over another person's property. If there is such an easement, you will want to make sure that it is properly recorded to protect your access to your property in the future.
4. What's the price of the land?
Finding comparable land sales in an area can be difficult due to the unique characteristics of different parcels of land.
5. What sort of buildings are on the land?
Are they in a suitable condition for your intended use? Have a certified building inspector conduct a thorough inspection to make sure there aren't substantial hidden repair costs.
6. Consider the natural resources of the property and access to pre-existing utilities:
The anticipated costs of connecting up with utility lines must be factored into your development costs so that you have a clear understanding of how much you might need to spend to improve your land.
These are all big picture considerations. It can be easy to lose sight of the smaller details where you are in the process of purchasing a parcel of land. One such detail is whether the land is bordered by county or state owned property. Property owners with little experience may wonder why you would worry about whether a property was bordered by state or county owned land. Professionals will tell you that buying property bordered by county or state owned property can be a huge benefit for property owners and may even allow for greater re-sale value of the land in the future.
Imagine this: you spend some money to acquire a relatively small piece of land in Wisconsin; a place to build your dream home. You build a cozy cabin in the woods and settle into your new life here. It's a lovely property with majestic forests and maybe even a small lake, but it's small. Imagine if you owned this property, but could walk right out of your backdoor for the next twenty years and access hundreds and maybe even thousands of acres of additional, unspoiled land for hunting, hiking or other outdoor recreational pursuits. It's almost like buying thousands of acres for the price of a few. While it may be difficult to secure such a situation, it's not unheard of. Parcels of property bordered by county or state-owned land are ideal for those seeking access to additional land for hunting or other recreational pursuits.
In Wisconsin, there are many parcels that allow landowners the benefits of living adjacent to county owned property. Some parcels may even be situated so that they are bordered by county property on more than one side of the property. While the county owned property will generally be used by the public at large, the additional access to acreage can be ideal for hunters and other fans of outdoor recreational pursuits. Property owners will also have some assurance that their neighboring property will not be utilized for purposes that will damage their enjoyment of their land, or its future value.
Similar benefits can be obtained by purchasing a parcel of property adjacent to a conservation easement. A conservation easement is a legally binding agreement between a landowner and an organization who is granted an interest in making sure the landowner uses the land according to the terms of the conservation easement. Frequently, these documents are put in place to help protect the lands from overuse, development, and/or the depletion of native wildlife habitats. While conservation easements may allow some development of the property, the landowner will be required to conform to specified terms protecting the land from damage. Frequently, landowners are willing to enter into conservation easements because they have an interest in environmental conservation. There may also be state and federal tax incentives associated with entering into a conservation easement as a landowner.
There are a multitude of benefits associated with owning a parcel of land bordering county or state owned property, particularly if it is county or state owned parks and/or recreation land. From access to additional acreage to assurance that the property will not utilized for industry or commerce, land bordered by county-owned land can be ideal for residential property owners. If owning a parcel of property bordered by a conservation easement or county-owned land sounds like a pretty decent proposition, why not contact one of the real estate experts at LandBin.com today? Such a professional can both help you find the perfect piece of county-bordered property here in the wilderness of Wisconsin and help you purchase it as well. Browse the listings at LandBin.com and see what properties might be available. Then call one of our professional agents today because land bordered by county-owned property will not last long here in the Northwoods!