Common Mistakes in Buying Land in Kansas
With vast acres of farmland and premier whitetail, duck, and wild turkey hunting, Kansas beckons those looking to enjoy land ownership on their terms. But as with any real estate purchase, it’s important to understand all the nuances of rural land for sale before committing. That includes due diligence like property access easements, legal descriptions, and surveys, plus evaluating surrounding land uses, water rights, and development restrictions. Also, make sure to ask about mineral rights transfer and deed filing procedures as well as zoning regulations.
With latent demand outpacing current supply of cropland for sale across some North Central counties, common mistakes in buying kansas land are considering purchasing their own piece of Kansas. Yet while the allure of spacious prairies and the prospect of a quiet vacation home may spark interest, such purchases often bring complications around utility access, tight-knit agricultural community assimilation, and resale liquidity.
Avoid These Common Errors in Kansas Land Deals
Investing in proper inspections and screenings can save a buyer tens of thousands later on. Environmental assessments can reveal past mining or industrial hazards, while topography maps and aerial photos help establish potential flood risks and construction cost estimates. Title issues such as liens, easements, and unknown heirs can also derail even the most idyllic of land transactions. Inquiring about a title policy during closing could reduce risks to the tune of a few hundred dollars upfront.
Many of the same considerations apply when a buyer wants to build on their land as well. Veterans of land sales recommend contacting local utility providers to obtain written statements confirming their availability at the location of the planned building site, as well as getting quotes for installation costs. In addition, verify whether a parcel is currently enrolled in a reduced tax program; failure to re-enroll can incur penalties when the time comes for an appraisal.…