Purchasing land is one of the most special and unique investments you will make in life. You can clear the trees, install a driveway and build your dream home, but the features of the land such as topography, watercourses, and exposure, are fixed. Land is immobile and indestructible; you can’t move it or tear it down to build a new piece. This is why you must start by asking yourself “what is most important to me when buying land?
Whether you’re searching for land to build your primary residence, second home or hunting camp, location is one of the most important factors to consider. How far would you like to be from shopping, family, grocery stores, or your work? If you’re looking for a place to call home, these factors may be some of the most imperative to consider. However, if you’re looking for a seasonal home, maybe distance from your favorite lake, state park, hiking trail, golf course or snowmobile trail are important factors to consider. After all, Maine is Vacationland and being a little further away from life’s conveniences can be a breath of fresh air.
Maine is known for its vast number of lakes and ponds, miles of coastal shoreline, babbling spring-fed streams, remnants of rich farmland and glacial scarred landscapes. Before you start your search in earnest, identify one or two features you just can’t live without! Do you want to wake up to mountain or water views? Do you want to be on a lake, pond or river? Is deeded water access versus ownership the right choice for you? Create a list of what your ideal land features are and establish a budget.
Other than location and features, consider factors such as the presence of utilities, solar exposure, road access, taxes, financing, etc… Do you need to be on the grid or are you looking for a property with solar exposure? Do you need to be on a town maintained road? Is financing available? What is your budget for taxes and mortgage payments? These can be difficult decisions to make upfront but can save you time in the long run.