1. Warranty Deed : A general warranty deed is a type of deed where the seller guarantees that he or she holds clear title to a piece of real estate and has a right to sell it to the buyer. This is the best form of ownership and will guard against future title issues.
2. Buildabililty: Is there a current perc test available? This is short for percolation test. It is a test which measures the absorption rate of the soil where a proposed septic system will be installed. If there isn't one available, one should be done to determine the buildability of the lot.
3. Boundaries: Is the lot flagged? You should be able to walk all of the boundaries so you know exactly what you are buying. The deed will also refer to the boundaries, which should be 100% accurate.
4. Utilities: If it's a new subdivision, know when the power is going to be installed. Is there public water or sewer? Is it a public road or private? What will the homeowners costs be to maintain the road if it is private?
5. Building: Is there a builder tie in? Minimum square footage? Architectural review? Do you have to build in a certain time frame? Think about the type of house you want to build, will it fit into the existing neighborhood. This will protect your investment.
6. The lot itself: What is the exposure of the lot? Trees? Is it wet? How sloping? This slope might give you great views, but your driveway costs will be higher. Think through all of things before you purchase and work with an agent who will guide you.
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