Buy land cheap
Feb 9th, 2012 by admin
Why invest in land?
- Land is real – it is tangible, can be visited, seen and walked on
- Land is a finite resource – you can do anything you want with your land build or rent
- Land increases in value due to demand outstripping supply – in England the population is growing fast get the land you want cheap tight as soon when all the space is gone the prices will rise
- Less risk – imagine your land got hit by a bomb, it is still a land anyway so in the future you could do what ever you like with out worrying-
5 risks of buying land
(1) The future value of any land is uncertain and dependent upon many factors. DO NOT expect all land to increase in value over time.
(2) Any value which your lot may have will be affected if the roads, utilities and all proposed improvements are not completed.
(3) Resale of your lot may be difficult or impossible, since you may face the competition of our own sales program and local real estate brokers may not be interested in listing your lot.
(4) Any subdivision will have an impact on the surrounding environment. Whether or not the impact is adverse and the degree of impact will depend on the location, size, planning and extent of development. Subdivisions which adversely affect the environment may cause governmental agencies to impose restrictions on the use of the land. Changes in plant and animal life, air and water quality and noise levels may affect your use and enjoyment of your lot and your ability to sell it.
(5) In the purchase of real estate, many technical requirements must be met to assure that you receive proper title. Since this purchase involves a major expenditure of money, it is recommended that you seek professional advice before you obligate yourself.
5 Things to Ask and Consider Before Making a Land Investment
- What type of land investment interests you? (What do you want to do with your land)
- Why are you investing in a particular type of land? There is different type of land like: Land in Agricultural, Land in Greenbelt, Woodland.
- How am I going to finance the investment? Do you have the money to keep the land in good standing or do you have the money to buy the land?
- Has the land been surveyed? It is always good to survey you’re land because you never know what can be hidden below that soil.
- Are there any zoning restrictions? for more information on the zoning restriction ask your local government
