Whether you are buying land in Kentucky as an investment or to build your home, there are some very important things dummy

Whether you are buying land in Kentucky as an investment or to build your home, there are some very important things that you need to consider during the buying process. Check out these land buying tips to ensure that you find the right property:

1. Figure out your financing. Most banks are hesitant to finance land, simply because borrowers are more likely to default on land loans than they are on home loans. As a result, you may have to make a larger down payment on a loan for land than you would for a home loan. In fact, in many cases, you need to put as much is 50% down on the property. Find out what financing options are available and make sure that you have the necessary funds set aside to purchase the property  (dummy)