Things To Know When Buying Land
- In Alberta a variety of
zoning laws that have often been put in place for land that is far from
existing cities because of planning for future development. It is important to know what the
zoning is on a parcel before you consider making a purchase.
Buying wide open acreage is a tempting prospect for many people,
but part of the due diligence in the process is making sure that you don’t end up with land that you can’t use the way you want to. If you put up a building that violates zoning requirements, the municipality or province can require you to get rid of that building at your own expense.
2. Typically you'll need to put down a larger down payment and pay a higher interest rate for a plot of land than you would if you were getting a mortgage on a home since the risk for the lender is higher.
For More Information Contact
RE/MAX Platinum Realty