Learning to Invest in Real Estate at the Beach: A Brief Guide
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. Figure out if any development projects are going to take place.
First, you need to figure out why the land is for sale. There are many reasons why land goes up for sale, from honest to dishonest reasons. Zoning restrictions can cause issues with building a house, and you will need to be aware of these restrictions when evaluating a property for purchase. Land might also go on sale because of hidden problems with the land itself, such as ground too soft to lay foundation in. Make sure you know the land and about the property 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.
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. - 23199
1. Determine why the land is for sale.
2. Are utilities available for a house?
3. Figure out if any development projects are going to take place.
First, you need to figure out why the land is for sale. There are many reasons why land goes up for sale, from honest to dishonest reasons. Zoning restrictions can cause issues with building a house, and you will need to be aware of these restrictions when evaluating a property for purchase. Land might also go on sale because of hidden problems with the land itself, such as ground too soft to lay foundation in. Make sure you know the land and about the property 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.
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. - 23199
About the Author:
Beach property investments are a great way to supplement your income. Beach houses provide a nice stream of rental income. If you are interested in learning more about beach property investing, look at Jeremy Szechenyi's Blog, hubpages.com/hub/Beach-Investment-Property, for more info.
posted by X - Men @ 6:59 AM
0 Comments
0 Comments:
Post a Comment
Subscribe to Post Comments [Atom]
<< Home