--- title: So You Inherited Land, Now What? description: What do you do after you’ve inherited land? Of course, there are legal matters to tie up, but what should you do with the land? 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Depending on the circumstances around the land and any other beneficiaries, you might want to consider working with a real estate attorney and an accountant to ensure all of the property taxes, capital gains taxes, and estate taxes are handled appropriately. **Once you’ve inherited the land, what’s next? You could:** - • Sell the property - • Hold onto the inherited property - • Repurpose the property ## **Selling the land.** The sale of inherited land can be a lucrative and practical opportunity, especially if you have other family members who are beneficiaries in the inheritance. Selling the land relieves you and any other responsible parties of having to maintain several acres of land and allows you to divide the assets once the land is sold. Selling land is a bit different than selling a house, and the process often takes longer.  If you do choose to sell the land, you might want to work with a real estate attorney and a real estate agent who have experience with land sales and can help you network with the best potential buyers. An attorney can be particularly helpful if you have reservations about how the land can be used. For example, when selling land, you can have your attorney draw up a contract stating that the land can’t be used for hunting or can’t be contracted for housing development for at least 5 years after the sale, and so on, which the buyer would have to agree to uphold prior to completing the purchase. ## **Keeping the land.** **Many people choose to hold on to the land they inherit for a variety of reasons:** - • Developing the land at a later time - • Waiting to sell when the property value is higher - • Keeping it as an asset to increase overall net worth Whatever your reason for letting the land sit for a few years, keep in mind that it will need to be maintained, which brings with it the cost of hiring someone to landscape or the manual labor of doing it yourself. Furthermore, you’ll need to pay property taxes every year that you own the land. ## **Repurposing the land.** Ever thought of building a home? A lot of people assume a custom home is out of their reach, but inheriting land vastly simplifies the process and cuts down on the budget. If keeping your land and building your dream home sounds appealing, here are a few resources to check out before you get started: - • [What I Wish I Knew Before Building a House](https://blog.nccustommodulars.com/blog-what-i-wish-i-knew-before-building-a-house) - • [How Much Does it Cost to Build a House?](https://blog.nccustommodulars.com/how-much-does-it-cost-to-build-a-house) - • [What Are the Advantages of Hiring Custom Home Builders?](https://blog.nccustommodulars.com/what-are-the-advantages-of-hiring-custom-home-builders) ## Whether you decide to sell, keep, or build on your land, weigh the pros and cons of each against your longterm goals and financial situation. For more on building a custom home, [see what it took to become North Carolina’s #1 modular home builder.](https://blog.nccustommodulars.com/what-are-the-advantages-of-hiring-custom-home-builders)   [![CTA-01](https://blog.nccustommodulars.com/hs-fs/hubfs/CTA-01.png?width=612&name=CTA-01.png)](https://resources.nccustommodulars.com/how-to-prep-yourself-and-family-for-building-a-home)     ![Carolina Custom Homes](https://nccustommodulars.com/wp-content/uploads/2023/06/logo_black.png) ### Written by [Carolina Custom Homes](https://blog.nccustommodulars.com/the-home-building-process/author/carolina-custom-homes) Carolina Custom Homes of Burlington was founded with a mission to provide customers with an alternative, greener way to build. We partner with North Carolina’s top manufacturers to create both practical and luxurious designs for your home. We maintain a low operating overhead, which means that more of your money goes towards designing and building your perfect home. We provide you with high quality, custom modular homes at an unbeatable value. ### Categories - [Tips and Tricks (16)](https://blog.nccustommodulars.com/the-home-building-process/tag/tips-and-tricks) - [Modular Homes (15)](https://blog.nccustommodulars.com/the-home-building-process/tag/modular-homes) - [Home Building Process (11)](https://blog.nccustommodulars.com/the-home-building-process/tag/home-building-process) - [First Time Homebuyer (6)](https://blog.nccustommodulars.com/the-home-building-process/tag/first-time-homebuyer) - [Free Resources (5)](https://blog.nccustommodulars.com/the-home-building-process/tag/free-resources) - [Home Builders (5)](https://blog.nccustommodulars.com/the-home-building-process/tag/home-builders) - [Custom Homes (4)](https://blog.nccustommodulars.com/the-home-building-process/tag/custom-homes) - [Home Decor (1)](https://blog.nccustommodulars.com/the-home-building-process/tag/home-decor) - [Home Maintenance (1)](https://blog.nccustommodulars.com/the-home-building-process/tag/home-maintenance) ### Recent Posts [Modular Home Construction Timeline: What to Expect from Start to Finish](https://blog.nccustommodulars.com/the-home-building-process/construction-timeline) Fri - 01 Nov - 11:21 AM Building a new home is an exciting adventure, especially for families looking to create a space,... [Read more](https://blog.nccustommodulars.com/the-home-building-process/construction-timeline) [How to Choose the Right Location for Your Modular Home](https://blog.nccustommodulars.com/the-home-building-process/how-to-choose-the-right-location-for-your-modular-home) Wed - 16 Oct - 09:20 AM The allure of modular homes has skyrocketed, offering aspiring homeowners a tantalizing blend of,... [Read more](https://blog.nccustommodulars.com/the-home-building-process/how-to-choose-the-right-location-for-your-modular-home) [Real Customer Stories: Building Dreams with Carolina Custom Homes](https://blog.nccustommodulars.com/the-home-building-process/real-customer-stories-building-dreams-with-carolina-custom-homes) Mon - 30 Sep - 10:04 AM Imagine a home perfectly tailored to your desires, a space that reflects your personality and meets,... [Read more](https://blog.nccustommodulars.com/the-home-building-process/real-customer-stories-building-dreams-with-carolina-custom-homes) [Customizing Your Modular Home: Top Features and Add-Ons to Consider](https://blog.nccustommodulars.com/the-home-building-process/about-modular-homes/addressing-common-myths-about-modular-homes) Thu - 22 Aug - 08:54 AM Have you ever dreamed of a home that perfectly reflects your style and meets your needs? With,... [Read more](https://blog.nccustommodulars.com/the-home-building-process/about-modular-homes/addressing-common-myths-about-modular-homes) [Addressing Common Myths About Modular Homes](https://blog.nccustommodulars.com/the-home-building-process/addressing-common-myths-about-modular-homes) Wed - 31 Jul - 01:55 PM Choosing a place to call home is one of the most significant decisions you can make. For many,,... [Read more](https://blog.nccustommodulars.com/the-home-building-process/addressing-common-myths-about-modular-homes) ## About Us Carolina Custom Homes of Burlington was founded with the concept of providing customers an alternative, greener way to build. Partnering with North Carolina’s top manufacturers and maintaining a low operating overhead allows us to provide unmatched custom modular homes at an unbeatable value. With 40+ years of home building experience on our team we are confident we will deliver the most professional, experienced service available in the customized modular home industry today! Read More --- ![All_White-01---200x60](https://blog.nccustommodulars.com/hs-fs/hubfs/All_White-01---200x60.png?width=200&height=60&name=All_White-01---200x60.png)   ### Recent Posts ## Contact Information **Address:** [2450 N. 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