Owning a rental property is a great way to develop your net worth and earn some extra income. It comes with a lot of responsibility and can be intimidating especially if it is your first time owning
Before You Buy Land in Alaska, Read This First!
Dated: September 27 2018
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
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
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.
Vanna has called Alaska home for the past 15 years. As a mother, real estate investor and previous business owner, Vanna brings many different perspectives when working for her clients. She has been a....
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