Building a home might seem more daunting than simply buying it, but it gives you the chance to create a home that’s truly custom-built to your wants and needs. If you have a clear vision about where and how you want to live – and you’re willing to put in the time and resources to bring that vision to life – then buying land may be the best option for you.
Typically, raw land can be bought at a price three to four times less than you would pay for it after it has been developed. This means buying real estate at a cheaper cost per acre. Of course, there are limits to what the land can be developed into. Local county authorities can provide you with the county’s zoning ordinances so that you know what’s allowed.
Raw land tends to be found in more rural areas. This means that you will want to double-check a parcel’s access to power, municipal water, telephone lines, and so on. If this is something that you will need to have put in, then you will want to make sure that you add the cost estimate to the price.
This is typically not an issue if you’re buying a lot in an established neighborhood or development, but it won’t hurt to double-check as well.
New land cannot be manufactured, so land will always be a great choice for an investment.
Tips on buying lots and land in Arizona
- Make sure you know that the land has a clear title. The title company you hire will do a title search to ensure that the land does not come with encumbrances such as liens, back taxes, or other issues.
- Rural land in Arizona is typically accessed through dirt roads that must be maintained by the owners. The county will not maintain these dirt roads. Easements may allow others to build roads through your property.
- Weather varies greatly all over Arizona. Depending on where in the state you are and the elevation of the land, the climate can range from wet and cool in forested and mountainous areas to warm and dry on cactus-filled planes.
- Most of the rural zoning in Arizona is AR36, which is a minimum of 36 acres of land to be used for residential or agricultural purposes.
- Survey the land and make sure that you see the property before buying.
Arizona lots and land real estate
Arizona is a great state to find vacant land at a reasonable price.
The most expensive location to buy rural land is in the area surrounding Phoenix, so proximity to the metro area will usually mean higher prices. Lots within Greater Phoenix, particularly lots for sale in Scottsdale, come at a premium.
North Arizona offers plenty of raw land options as well and these typically have a lower price tag.
Contact the Fusco Team today and find lots and land for sale in Scottsdale, Peoria, Glendale, Surprise, and the rest of the Phoenix metro area. Learn more about your options here by calling us at 602-370-4510 or sending us an email at patty(at)fuscorealty(dotted)net. You can also drop by our office at 9132 W. Cactus Suite N, Peoria, AZ.