Real estate land Investment
With today’s emphasis on investing in and flipping houses, one investment has become lost in the glitz of high housing flipping. Land has always been one of the more secure forms of real estate investment, and if you want a long-term asset, land is ideal.
There are numerous ways to profit from your land purchase, but the majority of them involve proper zoning and selling to the right person or company.Do some research into the zoning of the area before purchasing any parcel of land. Determine whether it is allotted for residential, commercial, or both.
Finding something designated for both is a great find because it provides you with the most options when selling.
Also, find out if the property has any liens or easements; this information will be critical when selling. Consider the land’s location; is it in an area that is likely to be developed? How does it compare in terms of location and proximity to existing or proposed amenities?
Find out how the surrounding land has appreciated in recent years. If the area you’re considering has seen a sharp rise in development, there’s a good chance that land will sell for a premium price as the project progresses.
Try clearing your land yourself to make it more appealing to buyers (if possible). Developers value having all scrub and stumps removed because it saves them time and money in the long run. Prospecting on the value of land can be very profitable if done correctly. Land in the right location will fetch top money from development companies, so do your homework and good luck!