25 Jun Buying Commercial Land in Utah
What You Need to Know About Buying Commercial Land in Utah
Buying land is a dream for many businesses, and we are here to make your dream a reality. While buying land can seem new and scary, with the right company and support, it can be a smoother process than you initially expected. There are different ways to go about buying land and we understand that your situation is unique.
Luckily there are several things that are standard for commercial land buying. This allows you to have a general idea and some solid steps of what you need to be looking for when looking at buying land in Utah. If this is your first time buying commercial land, take a deep breath and get ready to learn about the land buying process.
Here are several things you should look at before buying land in Utah:
How You are Going to Use It
This may seem obvious but it can be a real struggle for some landowners. If you want to build a physical business site, you are going to need land that has access to water, electricity, and internet. If the land doesn’t have these features, it is going to take more money to get access to water or have propane brought in.
If you want to buy land to rent it out or lease it, you may not need internet access necessarily. You also will not need a level space to build a building, which gives you more options for buying land. Think and have a solid plan before you go out and look at a bunch of different land options.
At Nelson Funding, we understand that there is not a one size fits all money option when buying land in Utah. That is why we have different financing options that range from ten-day bridge loans when you need cash fast and more traditional loans for long-term investments.
Our staff is committed to making sure that your loan option is going to be the best fit for you and your situation. You can be assured that you are getting the best prices and interest rates when you choose Nelson Funding.
Lay of the Land
This is something that gets overlooked way too often and can have serious consequences. Before buying land in Utah you need to check surveys that have been done on the area. Utah is known for having earthquakes and fault lines. Certain areas are more prone to earthquakes than other areas within the state of Utah.
What usually happens is that there is land that looks great and is for sale at a low price. It seems like a complete steal right? Not so fast though, this land could be by a fault line or not completely solid underneath the surface. If you do not feel comfortable reading surveys, spend the money to hire someone who can give the whole picture of the land. Stay safe and be smart when purchasing land in Utah.
Are you ready to buy land in Utah? What’s stopping you from achieving your real estate dreams? Give us a call to see how we can support you with your commercial buying goals.