What is a Unimproved Property Contract?

Unimproved land in real estate is defined as land that does not have certain basic required services necessary to utilize it for other purposes. These include electricity, telephone, street access, or water available.

When listed in multiple listing services, generally the absence of electricity and telephone will cause the property to be listed as unimproved, even though there is road or street service to it.

What Should I Consider when Purchasing Unimproved Land?

• Squatters and Adverse Possession: in most states, someone can occupy land against the interests of the owner and without their knowledge and, after a specific period of time, actually take possession of the land legally. Any buyer wants to do a thorough inspection of all of the property to make sure there are no squatters.
• Can it be insured for title: in one market, there were large areas with dubious title history that could not get title insurance.
• Before even executing a contract it's a good idea to check with a title company with a legal description.
• How will you get utilities to the property line: if you ever want to use the land for more than weekend RV or tent camping, you'll at some point want to bring in utilities. Are there easements in place, or can you get them for the future?
• Unimproved doesn't necessarily mean no restrictions: Deed restrictions can be placed on a property, and they transfer with the land, almost impossible to remove. It doesn't mean that they are always adhered to, but they can be a problem.

Sources: https://www.thebalancesmb.com/unimproved-land-2867360