Land investments can be made for any number of reasons; to build a home on, for weekend escapes, investment purposes, in preparation for retirement, pure enjoyment and for revenue production.
After an approximate area is selected it is a good idea to spend time getting generally familiar with the various terrain and water features and the locale in general. Approach it as a fun discovery effort. Drive around, sight see and talk to area people where you have developed an interest. I do recommend seeking the advice of a professional real estate agent who should be able to pass along important information on and existing limitations of land in that area. Their expertise may prove to be quite valuable in researching and negotiating on specific properties as well as supervising the transaction to closing. If you are considering building it's a good idea to speak with a local contractor or architect. They will be able to discuss with you any limitations the land may have in your future plans and bring together rough building estimates influenced by terrain and sub-surface features. Any offer of course should be dependent upon a survey.
Again, in referring to building lots; topics where you want to make sure of will be in zoning classifications, existing easements, building restrictions, fencing prohibitions, landscaping rules, height and roof considerations, availability of utilities, septic planning, unusual deed restrictions, association fees or rules as well as potential future taxes associated with outstanding views.
These are some of the important considerations prior to purchase. Land is something where an out of state buyer definitely wants to "cross all the Ts and dot all the Is". It is also my opinion that the inherent natural resources and quality of life present in the Lakes Region of New Hampshire will only grow in their appeal to others in less well blessed and over taxed states.
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