Tips for Buying Land in Arizona 2020

Need-to-Know Tips for Buying Land in Arizona {Update This Month 2020}

Need-to-Know Tips for Buying Land in Arizona {Update This Month 2020}:- Since relocating our corporate office to Tucson, Arizona, we’ve been adding a steady stream of new Arizona properties and clients to our listing database.

As such, we thought it would be a good time to go over the basics of how to buy land in Arizona, particularly what you need to know if you’re looking to make an investment in this stunning desert state. 

Need-to-Know Tips for Buying Land in Arizona

Arizona boasts the fifth largest share of acreage among U.S. states—more than 712 million acres, many of them undeveloped. Averaging out to about $4,300 an acre, it’s not the cheapest state to buy in, but with so much opportunity for development, it certainly provides plenty of investment potential.

To make sure that you make a smart purchase though, you’ll want to go into the Arizona land real estate market with the following tips in mind. 

  1. Consider how far off the grid you want to be

The Grand Canyon state has something for everyone: modern cities, spacious deserts, and resort-style land opportunities. More than perhaps anything, it has plenty of rural land available with loads of opportunity for investors who are interested in making their mark. 

Whether you’re looking for Arizona land to build your dream home on or to build a new residential or commercial development, you’re going to want to choose your location wisely. There is a lot of variance across the state in terms of population, weather, and amenities, so make sure that any land you choose to invest in checks off the right boxes for you when it comes to its major features. 

  1. Know your water rights

If you’re buying raw land, be sure that you know what your water rights, including whether you’ll have access to pure water and how you can get that water to your property. Because Arizona properties tend to be quite spread out, you’ll want to ensure that you’ll have a reliable water supply and that if you do have to drill for water yourself, that it’s at an acceptable depth. As such, be sure to get both water supply and a water depth report from your local Arizona Building & Planning Department so you don’t end up investing in the dry land. 

  1. Know your solar rights

Under Arizona law, all property owners have a right to solar energy. This is true even if a listing has restrictions that say otherwise. With the desert sun providing ample solar potential, many Arizona landowners do end up installing solar panels on their property as a way to easily run power. Consider whether this is something you’d be interested in doing and if so, know that you have the legal authority to do so. 

Also Read – 

A lot of the other considerations you want to keep in mind when buying land in Arizona are the same you’d consider when buying land anywhere else: work with an experienced real estate agent who really understands the market, verify all zoning and land-use restrictions to ensure they’re in line with your development plans, and get your financing in order first so you know what you’re working with.

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