Georgia’s affordable costs and access to nature make it an attractive destination for homesteaders, retirees and families. But like all real estate, the purchase comes with some risks to weigh.
One of the most important considerations is how much your investment will cost, especially upfront setup expenses. A land survey, title work, and pros and cons of buying land in georgia. Depending on the location, you may also need septic system approvals, electrical and well installation sign offs or additional zoning regulations in incorporated towns.
Pros and Cons of Purchasing Land in Georgia
While you can find raw land in most parts of Georgia, the state’s mountainous areas tend to be more expensive due to their beauty and outdoor recreation opportunities. The price of coastal property is also higher due to the close proximity to water.
Other factors to consider include local property taxes, which can range from minimal to significant. Typically, rural property is taxed at around 1% of assessed value, while agricultural land is taxed based on productivity.
If you’re planning to build a home on your property, you may want to investigate tax exemptions and incentives for new homeowners. For example, a program called CUVA (Conservation Use Valuation Assessment) offers discounts on property taxes for land used for agriculture and timberland.
Another factor to weigh is the state’s climate. While the winters are mild, summer temperatures can reach triple digits. Moreover, the state’s geography, surrounded by coastal waters and major transportation routes, can make it more susceptible to hurricanes and other natural disasters.
