Mistakes to Avoid When Buying Land in Idaho

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Mistakes to Avoid When Buying Land in Idaho
By

Bart Waldon

Rolling hills, pristine forests, and wide-open spaces as far as the eye can see. That's Idaho for you – a land of opportunity and natural beauty. But before you rush to stake your claim in the Gem State, let's talk about some pitfalls that could turn your dream property into a nightmare.

Idaho's land market is as diverse as its landscape. With about 52.9 million acres to choose from, you'd think finding the perfect plot would be a breeze. But here's the kicker: according to the USDA, a whopping 61% of that land is federal property. And get this – the average value of farm real estate in Idaho shot up from $2,200 per acre in 2018 to $3,400 in 2022. Talk about a hot market!

Whether you're looking to build your dream cabin, start a potato empire, or just invest in a slice of Idaho paradise, it pays to be savvy. So, grab a cup of coffee (or a locally brewed beer – we don't judge), and let's dive into the mistakes you'll want to avoid when buying land in the Potato State.

1. Zoning Out on Zoning Laws

First things first: zoning laws. Boring, right? Wrong! Ignoring these babies can land you in hot water faster than you can say "spud."

Why It Matters

Imagine buying a plot to build your dream home, only to find out you can't keep chickens or run your home business. Talk about a buzzkill. Zoning laws dictate what you can and can't do on your land, and they vary wildly across Idaho.

How to Avoid This Mess

  • Ring up the local county planning folks. They're usually happy to chat.
  • Dive into the area's comprehensive plan. It's like a crystal ball for future development.
  • Consider chatting with a local real estate attorney. They know the ins and outs of Idaho land laws.

2. Water Rights: Not Just for Fish

In Idaho, water rights are a big deal. We're talking "first in time, first in right" kind of deal. It's not just about having a babbling brook on your property; it's about whether you can actually use that water.

Why You Should Care

Picture this: You buy a beautiful piece of land, planning to grow the best organic veggies this side of the Rockies. But come summer, you find out your neighbor's great-great-grandpa called dibs on all the water back in 1902. Oops.

Don't Get Caught Dry

  • Dig into the property's water rights history. It's like detective work, but way more important.
  • Get the lowdown on surface water vs. groundwater rights. They're not the same thing.
  • Consider hiring a water rights guru. Trust me, in Idaho, these folks are worth their weight in gold (or water).

3. Don't Dirt on Good Soil

Soil might not be sexy, but it's crucial. The quality of your dirt can make or break your land dreams.

Why Soil Rocks (or Sucks)

Bad soil can mean drainage nightmares, foundation headaches, and crops that look more like sad Charlie Brown Christmas trees than lush fields.

Get the Dirt on Your Dirt

  • Grab a soil survey from the USDA Natural Resources Conservation Service. It's like a report card for your land.
  • Roll up your sleeves and get some soil tests done. Know your pH from your nitrogen.
  • Chat with the local agricultural extension office. These folks know their stuff.

4. Access Denied: The Easement Nightmare

Nothing's worse than buying land you can't actually get to. Well, maybe finding out your only access is through your neighbor's prize-winning rose garden.

Potential Headaches

  • Landlocked parcels that require a helicopter to reach (slight exaggeration, but you get the point)
  • Shared driveways that turn into turf wars
  • Utility easements that put a damper on your plans for that infinity pool

Cover Your Bases

  • Scrutinize those property surveys like they're the last piece of huckleberry pie.
  • Investigate existing easements. They're like the fine print of land buying.
  • Consider title insurance. It's like a safety net for land access issues.

5. The "Build It and They Will Come" Fallacy

Many folks underestimate what it takes to turn raw land into a usable property. Spoiler alert: it's not as easy as it looks on HGTV.

Hidden Money Pits

  • Utility connections that cost more than your first car
  • Road construction that rivals the building of ancient Rome
  • Land clearing that makes you question if you've accidentally bought a national forest

Plan Ahead, Thank Yourself Later

  • Get quotes from local contractors. And then add 20% for good measure.
  • Research utility connection fees. They vary more than Idaho weather.
  • Always, always have a contingency budget. You'll thank me later.

6. The Ghost of Land Past

Every piece of land has a story. Sometimes it's a heartwarming tale of family picnics and bountiful harvests. Other times... not so much.

What Skeletons Are in That Dirt?

  • Previous uses that might have left the soil more toxic than a reality TV show
  • Flood plains that turn into impromptu lakes every spring
  • Legal disputes that make family holiday dinners look tame

Do Your Homework

  • Dig into those county records. It's like time travel, but with more paperwork.
  • Chat up the neighbors. They often know more than Google.
  • Consider an environmental assessment. Better safe than sorry, especially when it comes to surprise toxic waste.

7. Crystal Ball Gazing: Future Development

Buying land isn't just about what's there now; it's about what might be there in five, ten, or twenty years.

Why You Should Care

  • That quaint farmland next door? It could be a bustling strip mall in a few years.
  • Infrastructure changes can turn your remote getaway into suburban central.
  • Zoning changes might mean your future alpaca farm becomes an industrial park.

Stay in the Loop

  • Review local government development plans. They're like spoilers for your neighborhood's future.
  • Show up at community planning meetings. Free coffee and crucial info? Win-win.
  • Talk to local real estate pros. They often have their finger on the pulse of development trends.

8. The Quick-Draw McGraw Approach

In a hot market like Idaho's, it's tempting to pull the trigger fast. But rushing into a land purchase is like fast-forwarding through a movie – you miss all the important bits.

Risks of Going Too Fast

  • Overlooking deal-breakers that are hiding in plain sight
  • Overpaying because you didn't do your market research
  • Missing out on that perfect property because you settled too quickly

Slow and Steady Wins the Race

  • Set a realistic timeline. Rome wasn't built in a day, and your land search shouldn't be either.
  • Trust your gut. If something feels off, it probably is.
  • Consider working with land experts. Companies like Land Boss have seen it all and can help you avoid rookie mistakes.

9. The Financing Fumble

Financing land can be trickier than financing a traditional home. Don't assume your usual mortgage broker has all the answers.

Land Loan Landmines

  • Down payments that make your eyes water
  • Shorter terms and higher interest rates than you might expect
  • Limited options, especially for raw land

Money Moves

  • Check out local banks and credit unions. They often have special land loan programs.
  • Look into owner financing. It can be a win-win for both parties.
  • Explore USDA loans if you're eyeing rural properties. They can be a game-changer.

10. The Boundary Blunder

Assuming you know where your property lines are is like assuming you know what your cat is thinking. It's a risky business.

Border Patrol Problems

  • Neighbors who've been "borrowing" land for years
  • Fences that are more suggestion than actual boundary
  • Discrepancies between what's on paper and what's on the ground

Mark Your Territory (Legally)

  • Get a professional land survey. It's worth every penny.
  • Review existing surveys and county records. Play detective.
  • Walk the property lines with the seller and neighbors. It's like a very slow, very important parade.

11. Mother Nature's Mood Swings

Idaho's beauty comes with a side of natural hazards. Ignoring these is like ignoring a "Bridge Out Ahead" sign.

Nature's Curveballs

  • Wildfires that make your property look like a giant campfire
  • Floods that turn your land into a temporary lakefront property
  • Avalanches that give "going downhill fast" a whole new meaning
  • Earthquakes that shake things up (literally)

Stay Safe, Not Sorry

  • Check out FEMA flood maps and wildfire risk assessments. They're like weather forecasts, but for disasters.
  • Talk to local emergency management offices. They've seen it all.
  • Factor in the cost of natural disaster insurance. It's like an umbrella for your land investment.

Final Thoughts

Buying land in Idaho can be an adventure – in a good way, if you know what you're doing. By avoiding these common pitfalls, you'll be well on your way to owning your own piece of the Gem State.

Remember, the land market can be as unpredictable as an Idaho spring. If you're feeling overwhelmed, don't be afraid to call in the cavalry. Companies like Land Boss, with their 5 years of experience and over 100 land transactions under their belt, can be a valuable resource.

Whether you're dreaming of mountain views, fertile farmland, or just a quiet spot to call your own, taking the time to do your homework will pay off. With the right approach, you'll be sipping huckleberry wine on your very own Idaho property in no time. Happy land hunting!

About The Author

Bart Waldon

Bart, co-founder of Land Boss with wife Dallas Waldon, boasts over half a decade in real estate. With 100+ successful land transactions nationwide, his expertise and hands-on approach solidify Land Boss as a leading player in land investment.

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