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Things to Consider Before Buying Rural Property

 In Real Estate Law

In today’s fast-paced world, it isn’t surprising that more people are searching for a rural retreat to escape the daily grind. Investing in rural property can be a rewarding experience, but it can also be a nightmare if you don’t know what you are getting into. Rural property has unique characteristics, and there are many things to consider before signing on the dotted line. Here are a few key considerations:

  • Future Plans for the Surrounding Property
  • Access to the Property (road, easement)
  • Easements on the Property (adjoining owners, conservation, utility)
  • Boundaries & Lay of the Land (drainage, water features, flood plain, environmental concerns)
  • Utilities on the Property (electricity, water, sewer—preexisting or requirements to obtain if not preexisting)
  • Zoning (agricultural, commercial, industrial, residential—what is allowed on the       property?)
  • Environmental Rights (timber, mineral, water rights—are there any and do they come with the sale?)
  • Neighbors (how do they use their property?)
  • What Comes with the Property (fences, barns, silos, equipment, etc.)

It is a good idea to hire a buyer’s agent who specializes in rural property to help you find the perfect rural property that suits your needs. It is also a good idea to contact the County with any questions about easements, utilities and zoning. If you have property-related issues on rural land you already own, it is a good idea to contact an attorney to ascertain your rights and discuss your options. At Shipman & Wright, we have the property, real estate, and land use attorneys for the job, who are ready to resolve your property-related issues, so you can go back to enjoying your rural retreat. Feel free to contact us for a free and confidential consultation and case evaluation.

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