Have you ever dreamt of buying a chunk of undeveloped land and creating your own personal oasis away from the rest of the world? Now is the perfect time to set your plans in motion, and there are many reasons why buying undeveloped land in Oregon is an excellent investment.
Property in Oregon has a high demand. According to USA Today, Oregon’s population is growing at a healthy 1.71% annually. 75% of this growth is due to people moving to Oregon from other states (versus new births in the state.) Greater demand means values are on the rise. Now’s the time to set your claim on a parcel for your family.
The United States Department of Agriculture (USDA) regularly reports information about agricultural land values throughout the country. In August 2021, real estate prices for farmland in Oregon remained in the lower half of average prices in the U.S., yet they had increased in value by 10.3% from 2020 to 2021–the fourth largest statewide increase across the nation. While this is farmland specific, this information illustrates the tremendous value of purchasing land in Oregon.
Feel what it could be like to wake up every morning on your new property in Oregon. Click here to watch a short video.
What steps should you take to purchase undeveloped land in Oregon?
- Consider your goals. People purchase undeveloped land for many reasons: to develop and possibly subdivide it into multiple properties, for homesteading and off-grid living, for hunting, to use as a home with spare room for outdoor activities and hobbies, etc. Some undeveloped land is limited to camping or hunting, while others are suitable for building permanent structures.
- Partner with a trusted realtor. Interview realtors with experience locating and evaluating undeveloped properties. They often have insider knowledge of properties that may come available long before they are marketed online.
- Do your research. Some land is sold as “land contracts,” which means you are making payments and paying taxes in exchange for using the land, but the original owner remains in possession of the property. Some land contracts are poorly written and include balloon payments that can be difficult to fulfill. Instead, it’s best to use traditional financing methods to purchase the land and ensure there is a clear title and deed that will transfer the ownership to you.
- Understanding zoning regulations and building codes for the parcel of land. City and county zoning laws may limit how property owners can use the land and what types of structures they can build on the property. Building codes define specific rules regarding construction and often require that many types of work be permitted and inspected. Contacting a local land-use consulting firm will help walk you through all the red tape associated with a piece of property before you invest in it.
- Be ready to sign on the dotted line. Because of the significant value of undeveloped land in Oregon, properties can sell very quickly. Be prepared for potential challenges like clearing trees and brush, creating roadways, leveling the ground, and building swales by meeting with Excavation Oregon ahead of time. Our team can help you understand the typical steps required by new owners of undeveloped land so you can make a well-informed decision about whether to purchase a property quickly.
Excavation Oregon is an expert at converting undeveloped land into properties that achieve buyers’ goals.
At Excavation Oregon, we’re experienced with the terrain throughout Southern Oregon and beyond. We can examine your property and guide you about what it will take to excavate the area for your construction project. We will also work with you and your contractor to create roads or driveways required for construction teams to access your property easily. Contact us today for a free estimate.