Land development

There are quite a few ways to make money in the real estate industry and obtaining an undeveloped parcel of land happens to be one of the most lucrative. After you purchase it more than likely that land will need to be developed which could involve some or all of the following draining, dredging, excavating, filling, grading, paving, installing electrical and telephone lines or connecting to a sewer system. Below we are going to discuss a few things that you need to be aware of before you buy a piece of land that you intend on developing.
ES Global Investments has been in the land development business for quite a while now and we specialize in purchasing raw land and later developing that property. In certain instances we build our own customized individual homes and in others we simply sell the vacant lots to investors or the end user.
If you would like to know more about our company or are interested in learning about some of the properties that we currently have available, please feel free to contact us at your earliest convenience by either sending us an email or giving us a call.

5 Tips before you buy a piece of land

Below we are going to discuss a few things that you need to be aware of before you buy a piece of land that you intend on developing.

Tip # 1 – Have a Plan – Under no circumstance should you acquire a piece of property without knowing exactly what you are going to do with it. Some of the things that can raw land can be used for are residential individual housing, apartment buildings, vacant lots, or commercial properties like warehouses or strip malls.

Tip # 2 – View the Property – Just because a real estate agent tells you they have found the perfect piece of land, does not necessarily mean that it is true. Some of the things you want to check out are the views from the property, access road, structures that are already on the land that will need to be torn down, its location, how far away are the utility connections, and does the property provide you the economic opportunities you desire based on what you plan on doing with it.

Tip # 3 – Develop a Budget – If you have never previously purchased a raw piece of land that you intend on developing, creating a comprehensive budget that will let you know exactly where you stand financially is almost an impossible task. That being said, it might be the most important step in the process if you want to ensure your idea is economically feasible. If you find yourself in this situation, you really need to do your homework and consult with a company that specializes in land development.

Tip # 4 – Research the Property Online – Besides helping you to verify the properties exact dimensions, boundaries and access points, you will also be able to find out the amount it last sold for, what it is presently zoned for, and what it was used for in the past. If a piece of land was once a farm there could be pesticides or leaking fuel storage tanks in the soil that could end up costing a fortune to either remove or conform to the environmental code.

Tip # 5 – Be Prepared for Potential Problems – Almost assuredly regardless of how much research you did or how many experts you spoke with, something is going to go wrong that will not only effect your budget but also your completion date.