“Green acres is the place to be
Farm living is the life for me
Land spreading out,
so far and wide
Keep Manhattan,
just give me that countryside. ” – Green Acres
For many people, buying land in Nashville is sometimes part of a long-term dream to live out of the city and experience a quieter pace of life. For others, buying land is part of an investment portfolio in the hopes that it will appreciate one day and be sold for a profit. Right now, buying land for either reason seems like a good idea. After all, areas around Nashville continue to grow at a rapid rate. So, if you’d like to grab a few undeveloped acres for yourself or for speculation, now is the time!
Considerations for buying land
There are a few factors to consider with land purchases. For those planning to build a home on land later, these are especially important as they could cost a lot more than expected after closing. Here’s what to consider:
- Zoning requirements – Check zoning ordinances in city, county and state to be sure that you can build what you want on the land. Also, be sure to ask about any future zoning plans that could change the land surrounding yours. If your goal is privacy and seclusion and a large shopping center is planned next door, you may want to find another parcel.
- Utilities – You’ll need water, electricity and (most likely) cable services. Find out in advance how difficult and costly it will be to install these. And don’t forget sewer or septic. Knowing how the wastewater gets removed is crucial.
- Road access – Before any utilities can get to your house, you’ll also need to make sure a builder and work crew can access it. Having road access from a major road could be harder than it seems, and you may need an easement from a neighboring property.
- Appraisals – Unlike a home, which usually has multiple houses for appraisal comparisons, land appraisals are much more complicated. Here is an overview of different approaches and how they work.
Buying a land in Nashville, or one of its surrounding counties could be a great fit for the right buyer. The untouched beauty of the area is undeniable and the potential is enormous. However, knowing what research is a big part of making the right purchase. If you’re interested in buying land in or around Music City, contact DeSelms Real Estate today at 615.550.5565 and let one of our award winning agents help you find the perfect parcel!