2019 Idaho Real Estate Blog

7 Questions to Ask Yourself When Searching for Land in Idaho Main Idaho Real Estate Insights

Build Idaho receives a lot of Land inquiries and wanted to share some questions we tend to ask clients.

Idaho Land Search Questions

Here are some questions to ask yourself as you start looking at land for sale in Idaho

  1. Is there an HOA?
    Some do not want to live in a community with an HOA. Maybe they have had a bad experience or maybe they want to be able to do as they so choose. Just a reminder, if you do not want an HOA, nor will your neighbors. It sounds great to do whatever you want but when neighbors start collecting old cars that are rusting away and will some day become part of the land, in the next 80 years. HOA's are a great protection. HOA's are there to help protect everyone. They protect the way homes look, what neighbors are allowed to do. They can require others to not let their property become an eyesoar.
     
  2. How much land do you really want?
    Thinking about land and how much you really want; think about the purpose. Do you really want 10 acres or just privacy? Many times it is about find the right piece of land and not buying more land.

    Also, think about this property 10 years from now? How much land do you want to take care of. If you intend to have animals take care of the land, meaning mow by eating, animals are expensive and also take a lot of work.

    Part of determining how much land you 'need' may be how you are going to use the land. As we mentioned, find a piece of land that works for you is a better solution than finding a bigger piece. It is like throwing money at a problem.
     
  3. What is your budget to purchase land?
    First, realize that land is expensive and eats away at your budget fast. One of the first things you need to do is ananlyze the market and figure out how much land you can truly afford. Part of this is may be determining where your land is. There is a vast difference in the price of land in Boise compared to Parma. The further land is away from the city, the less expensive it tends to be.

    Realize this, many times you get what you pay for. If land seems far less than market value, there is probably a reason. It may have to do with the actual viability of the lot.
     
  4. Verify zoning
    You should verify that it is zoned appropriately. If you intend to use it for something other than what the approved land use is, you will need to consider this in making an offer. You may want to put contingencies that allow you time to verify that it can be changed. If you need help finding someone that can help you change the zoning, ask us.

    Whenever you buy land, you should allow time to do your due diligence. Talk to a builder about your lot and see if your vision makes sense.
     
  5. Well and septic are expensive
    If the land you are interested in will require well and septic be added, be awrare that this is a red flag if you are on a tight budget. Here are two short stories:
    1. Client is looking at land in the foothills and in doing their due diligence they met a well driller on a nearby lot. That well driller was on their second attempt to find water. The first hole was 500 feet deep and $50,000.
    2. A builder was finishing a custom home and learned that the home needed a secondary filter as the well had too much sediment in the water. All of a sudden, the cost went up $6,000.

      If you are on a tight budget, buying land can be a troublesome deciosn to commit to. If something comes up, will an additional cost paralyze your ability to complete your home or project.
  6. Foothill Ordinances
    Buying a lot in the foothills is not like other pieces of ground. You will definitely need to do your due diligence. What will it take to build the home you are thinking of? You need to talk to a land engineer to understand what is required by the local agencies and how much it will cost. There are many factors that go into this, the biggest being the home and the second being the steepness of the homesite.

    When it comes to choosing a builder, experience cannot be overlooked. Also, don't let someone talk you into their services without specific understanding of their experience. You do not want your home slipping fromm the place it was originally built!
     
  7. Fencing is and additioanl expense
    Many time clients want horses or cattle and have a little ranchette. They want to start from scratch and develop the land and build their dream including horses and cattle. The final step of this dream is putting fence around the property. Any idea how much it costs to put a fence to hold the cattle in safely? It is a lot to fence about 10 acres. that is nearly a quarter of a mile of rails or barbed wire fence.
 
Posted by tlangford at 12/30/2018 10:06:00 PM
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Michelle Penick, Build Idaho Client Real Estate Services

Michelle Penick

Client Care Team
208.629.0217 | Info@BuildIdaho.com

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