Tennessee is quite possibly becoming one of the most sought after states to purchase land, and not just for the killer views, low cost of living, and access to the best music culture in the world. Whether you want to build a new home in the country or purchase property for investment in or around a growing city, the Volunteer State has a little something for everyone. From the eastern mountains to the rolling hills and farmland of the west, Tennessee can be found to offer a diverse and friendly environment interested in embracing your property dream.
Today, we’ll be taking a look at some of the best places to buy land in Tennessee and provide insight for anyone who is thinking of about building a home: especially veterans who may be interested in using a VA loan to purchase land for investment or to live on.
Nashville Area (Middle Tennessee)
The Tennessee capital and country music heart of Nashville remains strong economically and culturally. And though purchasing land within the city can be pricey, many buyers are looking elsewhere the surrounding counties, such as Williamson, Rutherford and Wilson, instead. These communities provide large lots, quality schools, and easy access to Nashville area conveniences.
For those who want a little of bit of both, land throughout Middle Tennessee is hard to beat. The Nashville metro area, with its lush countryside and growing suburbs, is great for families and professionals.
Knoxville and East Tennessee
If you’re dreaming of mountain vistas and outdoor activities, it might be time to look east. Knoxville is located near the Great Smoky Mountains, providing some of the most beautiful land in the state. Blount, Sevier and Jefferson Counties are particularly desirable for those looking for land to build cabins, vacation homes or second retirement properties.
East Tennessee even comes with a lower price tag than the Middle Tennessee urban sprawl does. With its natural beauty and low property taxes, it is a smart place for anyone who wants to build a home from the ground up.
Chattanooga and Southeast Tennessee
Chattanooga has become an epicenter of innovation and environmentalism. Frequently described as one of the best outdoor cities, this area has access to rivers, mountains and a burgeoning tech scene. Between St. Elmo and its neighboring counties, like Bradley and Marion, Hamilton County is a hot market for land buyers interested in scenic views and community involvement.
If you love the outdoors, or are seeking land with solid investment opportunity, consider a purchase in Chattanooga. And the city’s dedication to green spaces and public services make it all the more appealing to young families and retirees as well.
West Tennessee and Memphis Suburbs
But West Tennessee, especially around Memphis, has budget-friendly land that comes with a lot of rich cultural history. Memphis itself can be urban and go-go, but in areas such as Fayette and Tipton, you can find bigger lots, peace and quiet and access to city amenities.
This land is ideal for anyone who wants to farm, or ranch, or just get away from it all, and do it near a city. It’s also a great place for investors with long-term goals, as the Memphis suburbs keep growing.
The Cumberland Plateau
Nestled between Nashville and Knoxville, the Cumberland Plateau provides stunning natural scenery with rugged bluffs, cascades, and an abundance of wildlife. This area is a well-kept secret among land buyers seeking a remote getaway or off-the-grid life.
Counties such as Cumberland, Fentress, and Putnam offer large parcels at competitive prices. Whether you’re a hunter, hiker, or just someone looking to escape the hustle and bustle, the plateau is one of Tennessee’s most serene locations to own land.
Factors to Consider When Buying Land in Tennessee
Before buying the land, you should think about the zoning regulations, if there are utilities available, where you can find access to a road, also if there are schools nearby or even hospitals in case of an emergency. You should also check flood maps and soil quality, particularly if you are planning to construct a house. Financing may differ based on location, and you will need to do some research or talk to a local mortgage professional to understand your eligibility.
If you are a veteran, exploring VA Loans in Tennessee might allow you to finance your property strategically. These loans are available with competitive interest rates and no down payment, making it easier to move from land purchase to home construction.
Building Your Dream Home on Tennessee Land
When all of the searching is done and you’ve finally settled on the perfect plot, you’ll want to bring your own vision of home sweet home to life. One question we get quite often is, How can I find the right custom home builders near me? The solution can frequently be found in searching for referrals, online reviews and perusing portfolios on local builder directories. Local permitting offices, in many counties, also provide lists of builders that have been vetted.
Just make sure you hire a licensed, insured builder who approaches construction with your design sensibilities, budget, and long-term lifestyle in mind. Ask to see homes that are finished, and to speak with clients they have quoted, before signing a contract.
Veterans developing on a lot they have recently acquired could be subject to special financing plans offered by VA construction loan lenders, pooling land-purchase and home-building under one loan to make everything easier. The service is a good way to ease the hassle of building a home plus reduce the costs.
Speaking of VA financing, you also need to make sure that your contractor is on the list of VA approved builders if you are going to use VA financing. These home builders are also experts in VA loans and can help you get everything you need for the loan: papers, inspection, appraisals, and letter of commitment.
Final Thoughts
Tennessee combines one its low cost of living, natural premises and economic conditions which make it a great state the U.S to shares property. Whether you long to breathe the mountain air of East Tennessee, to unwind among the waves of the Gulf of Mexico, or to take in a forest view of the Nashville skyline in the evening, the choice is yours.
The state’s real estate market couldn’t be more hospitable for veterans, with help from lending programs and seasoned builders who know the ins and outs of the VA process. Tennessee offers possibilities that are endless to explore from the perfect place to finding just the right team to make your dream home come true, Tennessee is a land of opportunity.