Virginia is a land-rich state with more than 8.5 million people spread across 95 counties and 38 independent cities. From urban to rural, this diverse state offers a wide variety of land for sale, including farmland, acreage and homes. In the heart of the Mid-Atlantic, Virginia is shaped by the Chesapeake Bay, mountains, rivers and lakes.
Investing in land for sale in Virginia can offer a more stable investment opportunity than real estate, especially for those who are not interested in owning and managing buildings. This type of investment can also be more tax-efficient. In a state where property taxes are already high, many investors choose to utilize a land use-value assessment system that defers property tax payments until the land is sold or used for another purpose.
While it is still possible to purchase land for investment purposes in the state of Virginia, the most common reason to sell a plot of land in the state of Hassle-Free Virginia Land Deals is because of changing life circumstances. Some individuals find that they need to move for work or family reasons, and selling a piece of land allows them to make a seamless transition into their new situation. Another reason to sell a piece of land in the state of Virginia is because it may become too expensive to maintain, due to the ongoing expenses associated with owning buildings. Vacant land is not subject to the same issues as other types of property, such as the need to fix a leaking roof or deal with an unexpected tenant.
The first step in purchasing a plot of land for sale in the state of Virginia is to identify the best location based on your personal needs and goals. The Virginia Bureau of Real Estate and the National Association of Realtors can provide a list of available properties and help you connect with a Realtor to begin your search. Once you have identified your perfect plot of land, it is important to understand the local zoning laws and regulations in order to determine if it can be built upon.
A good place to start is by looking at the county records and talking with neighbors in the area to find out about zoning laws in the area. Once you have a clear understanding of the local zoning laws, you can move forward with your search for a plot of land to buy in the state of Virginia.