24 Jun 2019

Buying a Colorado Home with Land

by | posted in: Buying, Land, Property Research | 0
Colorado home with land

Introduction

Do you want to buy a home in Colorado? Once you have made the decision to invest your hard earned money in a home, you need to decide if you want to live in the city near all the amenities and neighbors nearby, or would you love a Colorado home with your own private lands surrounding you instead? Finding properties that include either a large or small amount of land will take some research and determination.

You should first decide why you want to own a house with land. Have you always dreamed of creating a farm with chickens, llamas, and horses? Do you want to grow your own food and other plants? Are you looking for privacy away from the stresses of the city and crowds of people? Once you have determined your purpose – you can begin searching for the perfect home. 

Finding homes with land

Colorado is known for some of the most beautiful and scenic areas in the country. People flock to the area in search of homes and you need to know where to look and how to find the best deal. As of 2018, there were over 380,000 vacant parcels of land. If you are hoping to build a house – one of these properties might meet your needs. You can also use a variety of other sources to find properties with a house and land included. Some of the best places to start searching include:

Researching the area and neighbors

Before purchasing a property, you need to compile some research on the neighborhood. Find out if the home and property are included in an HOA. If there is a fence or trees on the property, make sure you understand where your property line reaches and whether the trees and fence belong to you or your neighbor. If you want to plant a garden or own farm animals, make sure you are allowed to do what you want with the property before buying. Find out if there have been any previous disputes between neighbors and whether your neighbors own their homes or if they are renting. 

Owning land and expenses

In addition to the regular expenses of buying and owning a home in Colorado, if you are also buying property – there will be more costs. You need to determine how much property tax you will pay and what is the assessed value of your home and land. You will also need to figure out how much it will cost to maintain the property. You might need a larger lawn mower and if your property includes outbuildings, like a barn or greenhouse – how much will it cost to keep them in good shape.

Conclusion

Overall owning a home with property in Colorado can be very rewarding. Once you have determined if there are zoning laws or covenants, codes, and restrictions, you can spend some time researching neighbors and expenses and find a wonderful home for you and your family.