Investing in Beach Real Estate and Beach Property Guide
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. Figure out why the land is for sale.
2. Figure out if the area has utilities available for a home.
3. Are development projects forecasted or expected in the area?
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, figure out if the area has utilities available for a home. Houses need utilities, like electricity, water, and sewage. Some areas, especially if reasonably remote, might not have all utilities available. Septic systems allow you to not need a sewer access, but there will probably be restrictions for their use in land near a beach. Keep in mind that if the area nearby is being developed, then there might be a chance for the utilities to become available. This situation could give you a chance to purchase the land for a low price, and have the value rise substantially when a house is built and utilities become available.
Are development projects forecasted or expected in the area? This is the last thing you want to consider. Development projects can add and take away from a investment property. Commercial developments, as long as they are not too close, can bring convenience to local areas. If too close, though, they can cause crowding and take away from the feeling of the beach area. Residential developments close by tend to cause a crowding feeling, and the increase in house supply can lower prices. Being aware of potential, planned and expected development projects is important in buying land at the beach. - 23204
1. Figure out why the land is for sale.
2. Figure out if the area has utilities available for a home.
3. Are development projects forecasted or expected in the area?
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, figure out if the area has utilities available for a home. Houses need utilities, like electricity, water, and sewage. Some areas, especially if reasonably remote, might not have all utilities available. Septic systems allow you to not need a sewer access, but there will probably be restrictions for their use in land near a beach. Keep in mind that if the area nearby is being developed, then there might be a chance for the utilities to become available. This situation could give you a chance to purchase the land for a low price, and have the value rise substantially when a house is built and utilities become available.
Are development projects forecasted or expected in the area? This is the last thing you want to consider. Development projects can add and take away from a investment property. Commercial developments, as long as they are not too close, can bring convenience to local areas. If too close, though, they can cause crowding and take away from the feeling of the beach area. Residential developments close by tend to cause a crowding feeling, and the increase in house supply can lower prices. Being aware of potential, planned and expected development projects is important in buying land at the beach. - 23204
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 X - Men @ 4:27 AM
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