Have you ever wondered about this thing called ‘unrestricted land’ in the world of property investment?
I’m Nate Hen from NH Real Estate.
I’ve navigated the sale and purchase of countless properties across the USA.
Today, I’m here to break down the concept of unrestricted land in simple terms.
Unrestricted land is like a rare treasure in the world of buying land. It’s special because there are no rules on what you can do with it.
Imagine a piece of land where you can build anything or use it in any way you like. That’s what unrestricted land offers.
Unrestricted land is rare. Most lands have some rules or limits.
These can be about building types, what you can do on the land, or even the colour of your house. That’s why it’s important to be careful and check everything before buying land.
Sometimes, people think they are selling unrestricted land, but they might need to learn all the details. That’s why you need to do your homework called due diligence when buying land.
This means checking all the rules and limits to make sure they fit what you want to do.
Even with restrictions, it might still be okay for your plans.
For example, if you want to camp or have animals on your land, you might not care about other rules. So, it’s all about what you need and want to do with your land.
In the end, knowing all about unrestricted land and other rules helps you make the best choice when buying land.
Remember, the key is to understand and check everything about the land you’re interested in.
Stick with me for just a few minutes, and I’ll unveil what this means and how it can shape your investment journey.
Let’s dive into this exciting topic.
Zoning Restrictions:
- Zoning Restrictions set rules for land use and future development.
- A residentially zoned property is limited to residential use, not for industrial or commercial development.
- Even if the land is sold as ‘unrestricted’, zoning laws may still apply, preventing certain types of buildings, like condos.
- It’s crucial to check the specific zoning rules for a property to understand permitted uses.
Deed Restrictions:
Deed restrictions are important to understand as they set specific rules for your property.
Here’s a summary;
- Deed Restrictions define the type of structures you can build.
- They specify where on your property you can build these structures.
- These restrictions can also affect whether you can have animals like livestock and pets.
- They might limit business activities at your home.
- They can be detailed, affecting aspects like the number of bedrooms in your house or how many cars you can park.
City or Municipality Restrictions:
City or Municipality Restrictions are less frequent but still crucial:
- They’re less common than other types of restrictions.
- They cover unique rules not specified in zoning, varying by town or area.
- For example, a municipality might require a certain land size for specific installations, like a septic system in Colorado City, Colorado.
Easement Restrictions:
Easement Restrictions are a bit complex but important;
- They’re only sometimes easy to spot but crucial for property use.
- They cover aspects like where you can build and how you use the land.
- Easements include rights for others, like city workers or neighbours, to use parts of your property for specific purposes, like access.
HOA or POA Restrictions:
HOA (Homeowners Association) or POA (Property Owners Association) Restrictions can be quite specific.
Somethings for you to know:
- They are sometimes similar to Deed Restrictions.
- These restrictions can govern details like a mailbox or fence colours.
- They might set rules for activities like camping duration, tree removal, or parking an RV.
- While these rules are specific, it’s important to know them to ensure they align with your property use plans.
Unrestricted land offers freedom, but remember, your neighbours have the same freedom.
This could affect your property’s look and value, and it’s out of your hands.
I hope this guide helps you in your land-buying journey.
If you’ve got questions or thoughts, please share them in the comments.
I’m here to help. Stay updated with us for more land-buying advice.
Thank you for reading, and best wishes on your land investment journey!
Nate Hen, NH Real Estate
