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checklist for touring a vacant lot for purchase

Pre-Tour Preparation

Research the property history and zoning regulations.

Gather necessary documentation (maps, surveys, etc.).

Schedule a tour time with the property owner or agent.

Prepare a list of questions to ask during the tour.

Site Inspection

Assess the overall condition of the lot.

Check for any encroachments or easements.

Evaluate the topography and drainage of the land.

Look for signs of environmental issues (e.g., contamination, flood zones).

Identify access points and road connectivity.

Utilities and Infrastructure

Verify the availability of essential utilities (water, electricity, sewage).

Check the proximity to public services (schools, hospitals, etc.).

Assess the condition of existing roads and pathways.

Determine the feasibility of future infrastructure development.

Neighborhood and Surroundings

Research the demographics of the surrounding area.

Analyze property values and market trends in the vicinity.

Observe nearby amenities and services (parks, shops, etc.).

Consider the overall safety and appeal of the neighborhood.

Legal and Regulatory Considerations

Confirm zoning classifications and permitted uses of the lot.

Review any restrictions or covenants that may affect the property.

Check for outstanding liens or legal issues associated with the lot.

Understand local development regulations and requirements.

Post-Tour Follow-Up

Compile notes and observations from the tour.

Discuss findings with your team or stakeholders.

Follow up with the seller for any unanswered questions.

Evaluate the potential of the lot in relation to your goals.

Make a decision on whether to proceed with an offer.

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