One risk I see in my marketplace now is taxes. Twenty-25 years ago people moved to my market area with exactly this idea. Big lots, trees, horses for the kids. Now values have gone up tremendously. Some owners have sold off and small subdivisions have been created. This has pushed up land prices and therefore taxes. Now some people have taxes much higher than house payment ever was. Sometimes the pain is that this change in value is uncontrollable by you and some people are forced to sell for financial reasons. When you purchase do your best to anticipate what the future might hold. If needed could you sell off pieces of the land. That might determine where you put your home. Smack in the middle of the 10 acres, or at one corner? Where are the roads and access points? As mentioned in another post, care can be costly if needed. Will the lot need to be watered and mowed? Is there a well? One other issue I have seen lately is drainage. Some lots have a nice creek running through the back. It was pretty at the purchase, but now with development expanding to the North of the lots and change in the watershed, it's dumping a lot more water in that creek and creating flooding in what was before a small winding peaceful creek.