Land Development

                    

Raw land development is the process of purchasing a parcel of land with the intent of either developing and building on it or holding onto it for long – term appreciation. Raw land investing has an array of configurations but will essentially provide a multitude of advantages from other types of investments; whether it be from selling the property, renting it out for a passive income, or simply earning appreciation while performing little or no work.

Raw land is a limited resource, making it extremely valuable. If you purchase land in an area headed towards development and growth, there’s a chance your land can become worth even more. Investors looking to develop raw land should mind their due diligence and thoroughly educate themselves on the market where they plan to invest. The best way to do this is to pay attention to current market trends.

Benefits of Developing Land:

1. Raw land investments are typically less competitive than residential real estate.

2. Sellers of raw land investments can be more likely find finance.

3. Purchase price and holding costs are lower with raw land.

4. The appreciation potential can remain high even with less than stellar market conditions.

5. There are countless development opportunities for raw land.

             

The process of developing raw land can be quite complex and involves several steps that include:

* Access to economic viability – First step is to determine whether the land is economically feasible for development.

* Determine the offer price – Determine the offer price by researching the local real estate market.

* Zoning – Find out what the land is zoned for. This will determine what type of building you can construct on the land.

* Finance – Secure financing before you begin the building process.

* Zoning Laws – Ensure that you are building within the zoning laws of the area and also obtain the required permits.

* Marketing – Once the building process is complete, you can begin marketing the land or property to potential buyers.

                                                                             

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