Invest in Beach Property by Buying Land
Purchasing land at the beach requires finding land at or near the beach that has not been developed with a house. Finding land that is actually on the ocean or waterway is challenging, and can be prohibitively expensive. Land just off the ocean or waterway tends to be more available, and requires less investment. Either way, there must be value in the property for it to be a good investment. Look at the following points to help you figure out if it will have value.
1. Why is the land for sale?
2. Research the area to see if utilities are available for a house.
3. Figure out if any development projects are going to take place.
First, you need to figure out why the land is for sale. There are many reasons why land goes up for sale, from honest to dishonest reasons. Zoning restrictions can cause issues with building a house, and you will need to be aware of these restrictions when evaluating a property for purchase. Land might also go on sale because of hidden problems with the land itself, such as ground too soft to lay foundation in. Make sure you know the land and about the property before you buy.
Second, research the area to see if it has all the necessary utilities to support a house. If there are electrical lines, but no sewer access and rules against a septic tank, then the land won't be worth as much. Keep in mind that if the land doesn't have all the utilities it needs available, it might have them available in the future. Land development close by might mean that a sewer line is put in. Purchasing the land before those events happen would allow you to get it for less money, and ultimately have a larger profit.
Third, figure out if any development projects are going to take place. Residential and Commercial development are typically easy to forecast given the surrounding area, but sometimes they can pop up in remote places. Investigate the development projects that might be coming close to your land, and consider that into your purchase. - 23305
1. Why is the land for sale?
2. Research the area to see if utilities are available for a house.
3. Figure out if any development projects are going to take place.
First, you need to figure out why the land is for sale. There are many reasons why land goes up for sale, from honest to dishonest reasons. Zoning restrictions can cause issues with building a house, and you will need to be aware of these restrictions when evaluating a property for purchase. Land might also go on sale because of hidden problems with the land itself, such as ground too soft to lay foundation in. Make sure you know the land and about the property before you buy.
Second, research the area to see if it has all the necessary utilities to support a house. If there are electrical lines, but no sewer access and rules against a septic tank, then the land won't be worth as much. Keep in mind that if the land doesn't have all the utilities it needs available, it might have them available in the future. Land development close by might mean that a sewer line is put in. Purchasing the land before those events happen would allow you to get it for less money, and ultimately have a larger profit.
Third, figure out if any development projects are going to take place. Residential and Commercial development are typically easy to forecast given the surrounding area, but sometimes they can pop up in remote places. Investigate the development projects that might be coming close to your land, and consider that into your purchase. - 23305
About the Author:
If you are interested in more information about real estate investing, then check out Jeremy Szechenyi's awesome blog on beach investment propertys.
posted by Mr. Forex at
2:03 AM
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