Buying land is a decision that requires a lot of thinking and research. If you fail to conduct proper research, you might buy worthless land or take a lot of money to improve its value.
If you want to buy land, you should consider buying land for sale in Colorado. After paying the seller and the ownership of the land is transferred to you, you can start using your land.
Below is everything you need to know about owning land in Colorado.
Availability of Utilities
Colorado has rural terrain; hence some areas are less occupied than others. This means that some of the lands for sale in Colorado might not have all the necessary utilities like water and electricity. If you own such land, you will have to pay a fee to install such utilities on your land.
Colorado Zoning Laws
Before buying land for a particular use, you must ensure that it is located in the zones selected for your intended use.
If you want to keep livestock or grow crops, you need to buy land that is located in an agriculture zone. After buying such land, you should know that you cannot use it for anything other than keeping livestock or growing crops.
Colorado Property Taxes
When you buy land for sale in Colorado, it is important to know that you will be required to pay property tax for that land.
The tax fee is very high (28% of the value) when the land is vacant but will drop when you start to develop that land. If you fail to pay property tax, you might get in trouble with the authorities, which can cause you to lose your land.
Boundary Dispute Issues
Sometimes, you might buy land for sale in Colorado, and after a few months or years, your neighbor tampers with the boundaries. Colorado has boundary fence laws that require anyone who damages your boundary to repair it.
When you buy land, ensure that you have the boundaries clearly marked, and you can use any type of fence allowed by your local laws and regulations.
Do You Want to Own Land in Colorado?
You can find lots of land for sale in Colorado that can be used for various activities. However, after getting ownership of land in Colorado, you need to know how to proceed with certain aspects of the land.
To enjoy quiet possession, you must pay your property taxes, respect your neighbor’s boundaries, and obey the zoning laws.