Purchasing Land? Things to Consider

Purchasing Land - Things to Consider

 

We’ve created a list of six things to consider while purchasing land. This list is not all encompassing but is a great start to your research.

Zoning

A quick internet search should result with the city or county’s zoning regulations. Pay special attention to reference the most updated regulations as they are subject to change. You can find Sevier County’s zoning regulations here.

Restrictions

You will find restrictions in the legal description of the deed. These may either be in the body of the deed or attach as an appendix. Reach out to the county clerks office to access a copy of the deed. Some offices have online services.

Easements

To determine if their are any utilities easements you can contact the utility companies; electric, gas, and telephone. A survey will also show utility easements. You can find property easements on file at the local assessor’s office.

Access to Utilities

To confirm if you have access to city water or sewage, contact the city’s utility department. You can find information about utility access for land in Gatlinburg here. If you do not have access to city water or sewage, you will need to have a septic system installed and a well drilled to develop your land. We found this website to be a great resource for understanding the process of having a well installed. To install a septic system you must complete environmental testing.

Survey or Environmental Testing

You will need a survey to determine the definite parameters of the land you are purchasing. A survey will show utility easements. If you need to install a septic system a percolation test will be conducted.

Taxes

Here you will find explanation about how to figure your tax bill in Tennessee from the Comptroller of the Treasury. To determine your tax liability you will need the appraised value, assessment ratio, assessed value, and the tax rate for your area

We hope you found this information helpful as you consider purchasing land. Please, visit our website to find lots and land listed in Sevier County, TN! 

 

 

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