When buying land in Calgary for your custom home, it is always vital to verify every detail by undertaking a forensic examination of the title. By analyzing everything to do with the title, your research will reveal lots of things that you never knew before. Your findings will determine whether you will proceed with the purchase or you will bid the seller goodbye. When buying land, remember that this could be one of your greatest investments. The experts recommend asking as many questions as possible:

Q:What should I look for when buying land for development?

A: Since the process of studying the title can take too much of your time and money, it is always important to focus on the lots that suit your long-term development goals. If funds are limited, you do not have the luxury to examine every title that comes your way. By narrowing down your search to what you think will fit your taste and budget, you can save a lot of time and money. It is always vital to have a rough idea of the house you would like to build.

You can estimate the house that suits you by considering the spatial needs of your family members and occasional guests. If you want to include a private wing for your mother-in-law, ensure that your budget allows for it. In addition, the zoning ordinances might limit you from building several structures on your property. If that is the case, you will have to include the mother-in law’s wing in the main house.

Once you have identified a few lots that suit your budget and personal preferences, you can begin to examine the title in detail to unearth the hidden details. Before you begin the forensic audit, it is vital to come up with a list of your priorities. With the help of an agent, you can highlight the deal breakers as well.

Q: What red flags should I look for before I walk away from the deal?

A: If you want to be safe, always be ready to walk away if you think that the deal does not suit you. Look out for the following red flags while doing your homework: