Professional Realtors in Mission, TX

Buying land is one of the best investments a person can make because land is a limited resource that generally goes up in value over time. Texas is a great place to buy land because of its incredibly low cost of living, growing economic opportunities, and rich natural resources. Texas is a great place for building businesses and building families.

Just like home purchases, land purchases come with closing costs . These are the costs associated with carrying out the sale of a piece of land. These costs typically include things like appraisal fees, loan application fees, credit report fees, and prepaid costs like property taxes and mortgage interest. Closing costs on land purchases are usually between 2% and 6% of the total property cost.

What you can build on land in Texas will vary depending on the zoning for that property. Lots with commercial zoning are meant for the construction of businesses and income-generating properties. This might include anything from a retail store or restaurant to an apartment complex or hotel. Residential lots, on the other hand, are meant for residential buildings, including single- and multi-family homes. Keep in mind that some lots will have further restrictions on what type and size of new construction can be built.