When it comes to purchasing land for sale in Colorado, LandLeader-partnered brokers are experts. Our real estate professionals have entire careers dedicated to finding valuable vacant land for their clients in Colorado and all across the United States. Here we will be breaking down a step-by-step guide on how to purchase your very own piece of land in the state of Colorado.
Colorado, nicknamed the Centennial State, is widely known for its gorgeous landscapes, wildlife, and an assortment of outdoor activities, such as hiking, climbing, and skiing. Land purchasers and lovers of the outdoors come from all over the U.S. to soak in all of the beauty that the state has to offer and often end up as residents. Like any state, there are a few factors that one should take into consideration when looking to buy Colorado property.
1. Available Water Sources
Unless you plan to use your land for recreational purposes only, you are going to want to ensure that you have available water access and resources if you’re purchasing in a more secluded or rural area. If your goal is to build a home then you will want to see if there are existing municipal water hookups nearby or if there will be a need for a well.
Additionally, you will want to be aware of if there is a sewer system in place, or if you will be needing to install a septic system. This installation process would call for a perk test on your land, and if your land did not pass the absorption test you would likely want to continue your property search.
2. Property Taxes
With all homeownership comes property taxes. But did you know that in Colorado non-residential and commercial land is assessed at a much higher tax rate than residential property? Meaning if you were buying vacant land in Colorado and planned to keep it undeveloped you may want to consider using it for agricultural purposes to lower your tax bill, or even building your dream home to dodge the bullet of higher taxes.
This may seem like a given, but especially when buying rural land in Colorado, there are a handful of factors to consider when choosing your property’s location. How close are you to key places like jobs, shopping, schools, etc? Essentially your location goes hand in hand with your intention for the land.
If you value recreational pursuits like hunting big game then you may choose to remove yourself from civilization and live in Costilla County. If your goal is to be in close proximity to ski resorts and populated cities like Colorado Springs, you may want to choose a more suburban location. Depending on the location of your land, you should even consider factors like access to electricity, as a hookup would be needed if you are nowhere near an electrical source.
Buying Your Own Land In Colorado
If you’re looking to buy land in Colorado, one of the best places you can start before any of these steps is browsing our inventory of Colorado land for sale. This will help you get a sense of what the current market is like in the state. Otherwise, if you have any further questions on the process of how to buy land in Colorado, feel free to contact us.