Buying a parcel of land can be very different than buying a home. It can also be a bit more challenging: Financing the purchase might be tricky, and while new home listings hit the market every day, ...
Buying raw land feels like a big win. You finally have space to build, farm, or start fresh without the premium that comes with finished property. But what surprises most people isn’t the cost of the ...
Buying raw land is a risky prospect to lenders, so they often compensate by charging higher interest rates and requiring higher down payments. In fact, you may need to put down 50% or more if the ...
You may be able to use a home equity loan to secure a loan to buy — and potentially improve — a plot of land. A home equity loan might offer better terms and interest rates than other financing ...
Before construction can commence in the near future or somewhere down the line, there are a surprising number of things to consider in order to be sure the land you settle on will suit your needs.
Casey Bond is a seasoned personal finance writer and editor. In addition to Forbes, her work has appeared on HuffPost, Business Insider, Yahoo! Finance, MSN, The Motley Fool, U.S. News & World Report, ...