If you’re a real estate investor, there’s a lot of things you have to keep in mind at any given time. The prices and values of your properties are probably always foremost in your mind, as is the quality and longevity of your tenants. Many property owners these days are also starting to look into buying land that has the potential for investment, speculation or building new properties. If this sounds like you and you’re in the market for buying vacant land, Carpenter Real Estate is happy to give you a hand. With this in mind, here are some vacant land warnings in Alpine, TX we’ve put together over our many years of service:
· Land is complicated: One of the mistakes many investors make is underestimating the complexity and intricacies of vacant land. There are many zoning laws and regulations that you need to account for, so you need to make sure the land you’re looking at is the right kind for the plans you have in mind. Additionally, the topography of land can change the equations of purchasing and owning, so don’t be shy about seeking expert opinions.
· Remember the government’s role: The government plays a big part in real estate and in land development, and one of our biggest vacant land warnings in Alpine, TX is to keep their role in mind. Sometimes tax rates on vacant land can surprise landowners, so be sure to do your research ahead of time and you hopefully won’t be shocked during tax season. Additionally, you should see about things like the potential hookups for utilities, including water, sewer, gas, electricity and phone. These things can all influence the potential of a piece of land.
· Water can be a big deal: If you’re looking to buy property that’s near water, you need to keep one very critical thing in mind. Flooding can be a huge deal and causes billions of dollars of damage in America each year, so do your homework and make sure you know everything there is to know about whether the land is in a flood zone and what that can do to your insurance and your plans for the property. Additionally, the presence of wetlands on a property can influence what you had planned, since it’s illegal to use land in any way that adversely affects wetland areas.
· Taking a look has never been easier: Tools like Google Earth give you the opportunity to take a look at a property without ever leaving the comfort of your own home. You can also hire companies online these days that will tour the property for you, taking pictures and walking you through what it looks and feels like.
Finding vacant property that has the potential for investment or construction is a wonderful challenge. Whether it’s your first time or your tenth time exploring this option, our experienced team will be ready to assist you—give Carpenter Real Estate a call or stop by for a visit anytime! We know the vacant land warnings in Alpine, TX that you need to watch out for, and we would be proud to be your local partner.