Guide to Researching a Specific Property

When you’re researching a specific property, it’s important to keep in mind certain factors that will impact your finances and quality of life.  Here’s a quick guide to get you started:

Job


Real estate is all about location. When researching a specific property, you should make sure that you’ll be able to make a living at (or from) that location. For example, can you get a job there or within a reasonable distance? If you’re looking at property located in a rural area, it can be hard to get a job in that community if you’re not from there, since most of those are reserved for local residents.

Tax Liens

You don’t want any surprises when looking at a home or land to buy. When you research the title, make sure that you look into any tax liens on the property. Otherwise, you’ll be responsible for paying the taxes owed, which can be burdensome in some cases.

Restrictions

Before you sign a purchase agreement, find out all you can about any restrictions on the property, including those resulting from zoning laws. For instance, would you be a part of a homeowners’ association, and if so, what can or can’t you do on your property? Can you keep livestock or do the zoning laws prohibit it? If you run your own business, can customers come to your property or not? Knowing the restrictions ahead of time will save you headaches and neighborly conflicts in the future.

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