Hardly a day goes by when I don’t receive either an e-mail or a telephone call asking me, “Are there any restrictions on this property?” And then they always ask, “Is there a time limit to build?” Most if not all rural land buyers don’t want an outside entity telling them how to build, what to build and when to build. If you are a legacy investor, just knowing you have a place to go in the country to get away from it all is good enough for you until you are ready to build your 2nd home or relocate on your rural parcel for retirement.
I once made the mistake of acquiring property that had real high property owners Association fees with ponds of restrictions. You had to build a stick home, it had to be a certain size and you had to build within 2 years. Needless to say, even though I became enamored with the subdivision and its beauty, I was naïve to think my land investors would be interested in this type of property.
When you review my land listings there will be one recurring theme — none of my parcels have restrictions or a time limit to build! They may be in different areas, have different zoning requirements and have different topographical elements. However, they won’t have any onerous restrictions and certainly there will not be a time limit to build!
