Key Differences Between Buying Land vs. Buying a Home
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Financing is Different – Land loans require higher down payments and shorter terms compared to home mortgages. Seller financing or cash purchases may be options.
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Zoning & Restrictions Matter – Not all land is buildable! Zoning laws and deed restrictions determine what can be built and how the land can be used.
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Utilities & Road Access Aren’t Guaranteed – Many land parcels lack water, sewer, electricity, or road access—you may need to install these yourself.
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More Due Diligence is Required – Unlike a home, land requires surveys, soil tests, and environmental checks to confirm it’s suitable for building.
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Investment Potential is Unpredictable – Land value depends on location, development potential, and market demand, making resale less predictable than a home.
Land Buying FAQ's
Not exactly. Traditional mortgages are for homes, but you can get a land loan, which usually requires a higher down payment and shorter loan terms. Some sellers also offer owner financing, or you can buy with cash.
You’ll need to check zoning laws, deed restrictions, and local regulations to see what’s allowed. Some land may not be buildable due to soil conditions, flood zones, or easements. I can help you research this before you buy.
It depends! While land itself may be affordable, developing it can be costly—adding utilities, clearing trees, and meeting local building codes all add up. I can help you compare options and costs.
The process is similar to buying a home, but you’ll need to include contingencies for zoning approvals, surveys, and feasibility studies. I can guide you through making a smart, informed offer.
Still Have Questions? Let's Talk.
Coldwell Banker Avenues
500 Libbie Ave, Ste 1C
Richmond, VA 23226
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