Purchasing Land At or Near the Beach: A Great Way to Start Investing in Beach Real Estate.
Purchasing land is simply buying undeveloped land near or on the beach. Finding beachfront land is a serious challenge and typically high priced. You can find land that isn't exactly beachfront, but is close to the beach, and holds some good value. Whether you decide to search for land on the beach or just back from the beachfront, the land needs to have potential value. The follow three points are things to consider.
1. Determine why the land is for sale.
2. Are utilities available for a house?
3. Evaluate potential development projects that might take place.
Why is the land for sale? This is the first thing to consider. Land goes up for sale for many different reasons, but they are not all so friendly. Zoning restrictions or the condition of the land can cause problems for house construction. Land might be sold because the soil is too soft to lay a foundation, or because of a zoning restriction. Investigate this deeply to ensure that the land is being sold for a good reason, and you know extensively about the land 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.
Lastly, make an evaluation of the area and what potential residential development and commercial development project might take place. Development projects can both benefit and detract from the value of a house. If you happen to find a perfect piece of land, for instance with a clear view of the ocean, an open area capable of putting a house on, and forest surrounding the house on all other sides, then development projects are not as negative. If you don't have those, and the development would make your land feel crowded, then it would be a detraction. The main idea is to think long term about your investment. - 23221
1. Determine why the land is for sale.
2. Are utilities available for a house?
3. Evaluate potential development projects that might take place.
Why is the land for sale? This is the first thing to consider. Land goes up for sale for many different reasons, but they are not all so friendly. Zoning restrictions or the condition of the land can cause problems for house construction. Land might be sold because the soil is too soft to lay a foundation, or because of a zoning restriction. Investigate this deeply to ensure that the land is being sold for a good reason, and you know extensively about the land 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.
Lastly, make an evaluation of the area and what potential residential development and commercial development project might take place. Development projects can both benefit and detract from the value of a house. If you happen to find a perfect piece of land, for instance with a clear view of the ocean, an open area capable of putting a house on, and forest surrounding the house on all other sides, then development projects are not as negative. If you don't have those, and the development would make your land feel crowded, then it would be a detraction. The main idea is to think long term about your investment. - 23221
About the Author:
Buying land at the beach is a great way starting point for an investment property. For more information, check out Jeremy Szechenyi's awesome Blog on beach property investments.
posted by X - Men @ 12:27 AM
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