Purchasing land in Virginia opens the door to a world of possibilities, from building a home to running a small farm or business. However, buyers should consider all the pros and cons of buying land in order to make a well-informed decision.
1. Rich History and Culture
Being a founding colony, Virginia is steeped in history and offers residents access to historic landmarks like Jamestown and Colonial Williamsburg. It also has a strong educational system with top-ranked universities. These factors make it an appealing state to raise a family.
2. Diverse Geography
Across the state, you can find mountain vistas, coastal plains and forested acres. This variety offers outdoor enthusiasts a wealth of recreation to enjoy from hunting and fishing to hiking and camping. The state also boasts a thriving economy that includes tourism, agriculture and technology. This creates job opportunities that boost local real estate demand.
3. Proximity to Cities
Many areas of Virginia offer proximity to metropolitan hubs that provide urban amenities and conveniences. This is an attractive feature for buyers who want a rural, small town feel but desire the ease of access to city jobs and entertainment.
4. Temperate Climate
With its mild winters and long growing season, Virginia is a great location for farming and gardening. The state’s fertile soil and temperate climate combine to produce a variety of crops.
5. Thriving Job Market
The state’s robust economy supports a booming job market. Its proximity to Washington, DC, also provides employment opportunities and cultural events.
6. Excellent Education
Top rated public and private schools throughout the state help to attract families. Moreover, the state’s regulations and tax rates support entrepreneurs, making it easier to operate a business from home or on a farm.
7. High Cost of Living
Some parts of the state are characterized by high prices for both homes and pros and cons of buying land in Virginia, impacting affordability for some buyers. In addition, traffic congestion can lead to longer commute times.
8. Natural Disaster Risks
Some areas of the state are prone to natural disasters, such as hurricanes and snowstorms. These hazards can wreak havoc on property and insurance costs.
9. Reforesting Rates
Some of the state’s landscape is reverting to dense forests at a rapid pace. This can impact the amount of sunlight available for agriculture and recreational uses.
10. Zoning Restrictions
Depending on the area, you may encounter restrictions when trying to use your land. Whether it’s regulations on outbuildings or right-to-farm ordinances, these can limit your potential for your property.
With some creativity and patience, you can buy cheap land in Virginia to build a home or operate a farm. Searching rural counties where prices are lower than metropolitan areas, focusing on parcels without road access or utilities and considering lands limited by conservation easements can help you locate bargains. Also, searching during the fall and winter when buyer competition is low can help you score deals. Finally, consider working with sellers who are owed back taxes or whose properties have other problems to negotiate lower price tags.