Feasibility & Inspections

When purchasing land or property, performing a thorough feasibility and inspection process is crucial to ensure you make a smart investment. Understanding what can be done with the land, identifying potential issues, and planning for future development are all part of this process. This guide will help you navigate the key steps.

1. Preliminary Research
   Before committing to a property, it’s important to conduct preliminary research to assess whether it fits your needs and goals. Consider the following:
   

   • - Zoning and Land Use: Check the local zoning regulations to determine what can be built on the property and if your intended use is permitted. Ensure the zoning aligns with your plans, whether it’s for residential, commercial, agricultural, or recreational purposes.

     

   • - Utilities Access: Investigate the availability of key utilities like water, electricity, gas, and sewer connections. If utilities are not available, you may need to budget for alternative solutions like wells, septic systems, or generators.
2. Title Search
   A title search is essential to verify ownership and ensure that there are no liens, encumbrances, or legal issues tied to the property. A clear title ensures that you can purchase the property without complications.
   
3. Surveying the Property
   Hiring a licensed land surveyor can provide you with an accurate understanding of property boundaries and dimensions. This step is vital, especially for:
   
   • Boundary Disputes: Ensure there are no disputes with neighboring properties regarding land boundaries.
   • Easements and Access: Identify any existing easements, such as access rights for neighboring properties, utility companies, or public roads.
4. Environmental & Wetland Studies
   Environmental assessments and wetland studies can help determine if there are any protected or sensitive areas on the property. These studies will check for:
   

   • Wetlands: If the property includes wetlands, there may be restrictions on development or a need for environmental permits.

     

   • Flood Zones: Properties in flood zones may require special insurance and could limit certain types of development.
   • Soil Conditions: A soil test can reveal whether the land is suitable for building, especially if it requires foundation work.
5. Septic System Feasibility (If Applicable)
   If the property lacks access to a municipal sewer system, you’ll need to investigate the feasibility of installing a septic system. A licensed septic designer can perform a percolation (perk) test to determine if the soil can handle a septic system, which is crucial for residential development.
   
6. Geotechnical Study
   For properties with steep slopes or potential land stability concerns, a geotechnical engineer can evaluate the site’s soil, rock, and groundwater conditions. This is particularly important for hillside properties or areas prone to landslides or erosion.
   
7. Water Rights and Well Feasibility (If Applicable)
   If the property requires a well for water supply, you will need to:
   
   • Check for Water Rights: In some regions, water rights are essential to access groundwater or surface water legally.
   • Well Feasibility: Hiring a professional to assess whether the property can support a well and the water quality and supply is critical.
8. Building Code & Permit Requirements
   Each jurisdiction has specific building codes and permit requirements that must be met. Contact local government offices to understand:
   
   • Permit Fees: These can include building permits, grading permits, or septic permits.
   • Inspection Requirements: Once construction begins, multiple inspections will be necessary to ensure compliance with local regulations.
9. Cost Estimation & Budgeting
   Performing a cost analysis of the following factors can help you stay within your budget:
   
   • Land Development Costs: Clearing the land, grading, and installing utilities.

   • Construction Costs: If you plan to build, get preliminary quotes from builders to estimate the cost per square foot of construction.

     

   • Permit and Application Fees: Include the cost of obtaining any necessary permits or studies.
10. Contingency Period
    When you make an offer on a property, it’s crucial to include a feasibility contingency period in the contract. This allows you to perform inspections and conduct due diligence before fully committing. If significant issues arise during this time, you have the option to renegotiate or back out of the deal.
    
11. Hire Professionals
    Feasibility studies and inspections are complex and often require professional assistance. Working with experts such as:
    
    • Real Estate Agents: A knowledgeable agent can guide you through the feasibility process.
    • Land Surveyors: For accurate boundary surveys.
    • Environmental Consultants: To handle wetland, soil, and environmental studies.
    • Septic Designers: To assess sewage solutions.
    • Builders & Contractors: For realistic cost estimates on construction.
    • Attorneys: For legal advice, especially when dealing with title searches, easements, or complex zoning issues.

The feasibility and inspection process is a critical step when buying land or property. By doing your due diligence and working with a team of experienced professionals, you’ll ensure that your investment is sound and that you can move forward with confidence. Contact me today to discuss your property goals and how we can guide you through every step of the process.