Factors to consider before buying land:
Zoning Requirements :
Check with local authorities in Miami to determine zoning ordinances and whether you can build the type of home you want before committing to buying the land.
Utilities :
Water is important. Not all water is potable. Sometimes water rights don't "run with the land," which would mean you could not dig a well. It can be costly to bring electricity, telephone or cable services to the property if they are not already established nearby.
Appraisal :
In Miami, It's common to pay cash for land. If you're not planning to finance the land purchase through a conventional lender, which will require a lender appraisal, then obtain your own appraisal to determine an appropriate price before making an offer. Comparable sales are sometimes difficult to find when buying land.
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