What should I consider when buying Florida land for sale?

Buying vacant Florida land is similar to buying a house. You should always consider location, location, location. Once you have made the decision where you would like to purchase property, you should consider asking the following questions:

Is electricity available?
Verify electricity is available for the Florida land you are interested in purchasing. In some cases, you may be responsible for paying the electric company to run power lines to your property - which can be expensive.

Do I have to pay for the electric company to bring power to my Florida land?
Each community and each power company have various policies regarding who pays for bringing power to your lot. Ask your sales representative for details and/or call the power company to verify the costs associated.

Is water and sewer service available at my Florida land?
Depending on where your FL land is located, water and sewer services will vary. For FL lots located in rural settings (outside of city areas), you will most likely need to have a well dug for your water and also have a septic tank installed for sewer service. Both well and septic tank installation are usually included in the price a builder will quote you when you are ready to build your home. For FL lots located closer to city limits, the local government has installed water and sewer lines for the homeowner's convenience. Usually, the new homeowner is responsible for the connection costs associated with building a new home. Again, your builder can answer any details involved with setting up service.

Are there any hidden costs?
You should inquire to find out if there are any homeowners' association dues or maintenance charges associated with the property/lot for sale.

If I finance the property, what can I expect to pay each month and are there any closing costs?
Your only cost in addition to your monthly payment of principal and interest is your annual county real estate taxes and the cost to record your deed, mortgage and title insurance. These costs vary according to the purchase price and are usually estimated on your contract. Be sure to ask questions if you are unsure of any charges presented at the time you enter into an agreement regarding the Florida land.

Do I have to build within any particular time frame?
Some communities require you to build within a certain time frame. Be sure and verify with the sales associate if there is a time limit on when you will have to build on the Florida land for sale.

Are all lots legally platted?
All property/lots in the U.S. are platted and recorded in the county records where the property/lot is located. Legally platted property/lots insure each land/lot owner of the boundaries of the Florida land he or she owns.

Who maintains the roads?
If you are purchasing Florida land where the roads are not paved, be sure and ask your sales representative who is responsible for the maintenance of the road. When developers divide the land and plat each lot, they also build the roads. In some cases, the roads may be private roads and the cost to keep the roads in good condition will be the responsibility of the land owners. This could obliviously increase the associated costs of owning the land/lot. Most developers and communities deed the roads to the local government and the maintenance is provided by the city or county. The cost of the maintenance is then absorbed by the local government.

We are here to help!
Please feel free to call upon us when you are ready to purchase your piece of Florida land. We will be happy to assist you and make your purchasing experience easy and enjoyable!