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The list that follows includes a variety of factors that impact value; use these factors when evaluating a lot to purchase:

 Is the lot on a busy street?

 What kind of view does the lot have?

 Does the lot have waterfront access?

 What is the lot’s proximity to power lines?

 Is the lot next to or near commercial buildings or apartments?

 What’s the noise factor? How close is the lot to planes, trains, and automobiles?

 Is the lot on or near an earthquake fault line or in a floodplain?

 Are there good schools in the area?

 What type of power, water, and sewer are available?

 What does city planning have in mind for this neighborhood?

You may have to sacrifice some of these factors to meet your budget. Talk to a real-estate professional to understand the market demand of a particular lot based on these issues.