How to Acquire Land

Determine your needs. Before getting too deep down the rabbit hole of land acquisition, it’s important to figure out what kind of steel building you’re hoping to construct. Considering dimensions such as height, square footage, room for cars, the direction of the building, and purpose for the building (ie. commercial or residential) will help you narrow down the type and size of land parcels you’re searching for.

Figure out if the land is buildable. So, you’ve found the perfect parcel of land to fit your building’s needs. The next important step is figuring out if the land meets the building requirements of all government entities involved. Local laws play a large role in what is and is not considered “buildable”, so it’s a good idea to do your research starting at the local level to determine if the parcel can work for your project. Keep in mind that local zoning laws will determine what you can build on your lot, so making sure your land and project meet the zoning requirements is key for success.

Get an expert opinion. Before finalizing the purchase of your land, you will go through a due diligence period during which you will confirm that your land is able to meet your steel building project requirements. Hiring a knowledgeable contractor who understands your project goals and local laws will ensure you can move forward with peace of mind. 

Buy your land! Once you’ve gotten clear on your project, found a piece of land that complies with all local building laws, and hired an expert to walk you through the due diligence period, you’re ready to close! Writing some contingencies into your bid for the land will help protect you from losing any earnest money you’ve invested. Consider your options for financing through local bank land loans, large bank land loans, or owner financing.