From the Mississippi River to the Great Smoky Mountains, tennessee land purchase benefits and risks offers boundless opportunities for home and business ownership. However, as with any real estate investment, a land purchase isn’t without its challenges. Weighing the pros and cons of a tennessee land purchase is critical before making the final decision. Engaging the services of a real estate professional will help buyers navigate the process and make well-informed decisions that meet their specific goals and budgets.

Tennessee Land Purchase: Benefits and Potential Risks

Before buying a piece of Tennessee’s landscape, consider the state’s zoning regulations and construction codes to ensure your plans align with what’s allowed. Also, research whether the area has a history of natural disasters like flooding and tornadoes, and ensure your land is properly insured against any potential hazards. Additionally, drive by the property before purchasing to get a feel for its surroundings. Check to see if there’s easy access to the property and the ability to extend utilities; these factors will have an impact on building feasibility and cost.

Agriculture is a $3.9 billion industry in Tennessee, and owning land opens up the opportunity to generate income from row crops, timber, livestock or specialty foods. Similarly, tourism and recreation are major draws for the state, with over 100 million visitors each year. Investing in land near popular attractions like Nashville’s honky tonks or the Great Smoky Mountains can boost rental and Airbnb income.