Clearing Costs 

Solo clearing is the most cost-effective way when the property owner wants to clear only a few acres. Land sparsely populated with trees or other standing features such as rocks might also find this approach effective. 

Usually, a landowner could buy a chainsaw cheaply at a hardware store. Also, you can rent pro-grade earthmoving equipment like backhoes, skid steers, and trenchers. The cost of acquiring such tools will change depending on location and equipment availability, however, it could mean refraining from more expensive contractors. 

The Cost of Labor

 A landowner in a healthy, agile condition can clear land by themselves with the appropriate instruments. The landowner needs careful rest after the workday and steady progress, to clear any amount of land. 

While finding a worker might be easy, however, the knowledge of proper tree felling techniques and the terrain to clear land is necessary to consider. Working on an incline, near a river bed, or on loose soil could cause additional difficulties that a non-expert worker might not be ready to deal with. 

Furthermore, clearing land by hand will take much longer than professionals could do with more specific equipment. While cheap, solo land clearing should not be done if property owners have a deadline by which they need to use the cleared land. 

Advantages and disadvantages of Clearing Land Solo

Pro

• It is Cheaper. 
• Landowners can better control how to do that and what features they want to be retained. 
• Accessible to anyone with the right instruments (chainsaws, axes, loppers). 

Cons

• Need more energy, and it is possible to lead to injuries. 
• More time to clear the land and deadline is not important for landowners
• Permission to clear land is necessary and might be difficult depending on the property owner’s location. 
• It is risky to do on rocky or difficult terrain. 

Usually, DIY land clearing would be the cheapest option for most landowners. However, if age, disability, or other circumstances stop landowners from clearing their land, they’ll have to enlist the services of professionals. 

Hiring Contractors to Clear Land

There are different contractors, but all of them have the knowledge, tools, and efficiency to clear land rapidly and based on local rules. But, hired contractor labor will cost more than a landowner clearing their land solo, and so some landowners may not be able to pay for contractors. Still, contractors could clear land by a designated deadline and keep any features the landowners prefer, such as certain trees or rocks. Typically, land clearing should take around $1,000 to $4,000. 

Benefits and drawbacks of Hiring Contractors

Benefits

• Because contractors have more experience and know local regulations they clear land appropriately, and therefore, they are the best practices for the task. 
• They have access to more powerful instruments than the average person could buy or rent. 
• Can handle clearing property on unfavorable terrain. 
• They have to clear land by a designated deadline, and therefore, they clear land quickly 

Drawbacks

• It is Expensive. 
• Sometimes Contractors might accidentally clear features while the landowners like to keep them. 

General Process to Clearing Land

The conditions surrounding the landowner’s terrain and location might alter this process, however, overall, these are the general regulations both solo land clearers and contractors utilize to clear land. 

Check with the Local Government

In some states, you require permission to cut down trees. Therefore, before picking up any tools, landowners have first to check out if they need them or not. For instance, Atlanta is searching to reduce further deforestation of its landscape. So, anyone in this state who decides to cut down a hardwood tree species that is a foot or more in diameter needs to get permission. Also, more than tree felling regulations, there are other ordinances such as soil quality and erosion. Many states don’t need permits, however, overconfidence is no defense if a landowner cuts clearing land against local rules. landowners must call their local city hall to find out what the rules are for clearing land completely. 

Once the landowner has obtained their permit then they need to decide whether they prefer to clear the land by themselves, with a team, or by hiring a professional company to do the task. There are pros and cons to each approach, based on the landowner’s conditions, which will be outlined briefly below. 

Set Limitations

Landowners should determine what their budget is and how long they desire to clear land. Setting such restrictions ensures they keep progress within their means. Also do not overspend on land clearing and complete this project quickly. 

Setting restrictions is crucial for hired contractors especially, as landowners and contractors can negotiate a price point with which the contractor works. The contractor will also require to know when the landowners need a final deadline for the land clearing, therefore the contractor plans how to arrange daily, weekly, and monthly clearing goals. Unrestricted communication between the landowner and the contractor ensures both parties are aware of any problems in the process and that both are getting what they desire from the land clearing. 

Identify What Must Remain Unchanged

landowners who want to keep particular trees must do so before the land clearing process starts, especially if hiring contracted services. Identifying what features must stay untouched with brightly colored rope to make sure nothing is accidentally cut down. 

Get Rid of Standing Features

Standing features such as pieces of brick walls, rocks, trash, abandoned cars, and other objects could obstruct the vegetation clearing process. Abandoned cars could be moved to junkyards. Trash should be picked up and suitably disposed of, and large rocks should be dragged away with a backhoe. 

Remove Vegetation

After removing human-made structures from the land, then, it is time to clear trees and other plant material. Using axes or chainsaws to cut trees, and using a backhoe to pull their stumps. Using loppers or chainsaws depending on the size of the shrub and saplings to remove them. Herbaceous plants can be cut by hand, mowed down, or removed utilizing a weed whacker. As with old wooden structures, plants can be composted, sold for scrap wood, or recycled. 

Smooth the Land

Boulders and stumps can leave holes in the ground, which could obstruct the construction process. Uneven land encumbers the movement of machinery or foot traffic and would make for unstable foundations if the property owner wishes to construct a building or use the land to farm. Fill in any holes in the land with dirt, gravel, or sand. Both landowners and contractors should know that they don’t have permission to carry any soil out of the land clearing site because it is against local environmental laws. 

Use the Land

After smoothing land, it will be ready to utilize for whatever the landowner desires. You can pave any dirt patches with grass seeds. Farmers or gardeners should aerate the soil before they are used for plant cultivation. 

Additional Tips for Clearing Land

• landowners need to investigate the types of contractors in their area entirely. If contractors understand the type of terrain, budget, and time limits they can estimate the cost of their services. Therefore, knowing the cost of each contractor lets landowners choose services that work best for them, so they shouldn’t pick contractors casually.
• If the weather is rainy, landowners should set up tents or silt fencing to protect equipment. 
• Land clearing can result in soil erosion, therefore make sure there are places to collect rainwater. Don’t leave loose soil exposed. It is better, for landowners to replant vegetation or trees to anchor in the soil. 

Conclusion

Clearing land is a suitable approach for landowners to get the most out of their land. So landowners can use their own or hired labor, to clear land, however, observe safety in both processes.

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If you’re considering a real estate investment, Ensure that you avoid these six mistakes.

1. Not Doing Enough Research

 Most people spend a lot of time researching products before buying them. Whether it’s an iron, a new Television, or something as simple as a phone, It is better to compare reviews, features, and prices to make an informed purchase.

However, if you’re buying land, you need to do more research. Depending on your plans for the property such as building, renting, or buying for personal use the amount of research is different.

Along with asking questions about the property, you’ll also want to consider:

  The location

  The nearby area

  Flood zone condition

 The price of the land and its potential price

 Costs to build the property (if necessary)

 Permit or zoning issues

Don’t even consider putting in an offer until you’ve done all of your research.

2. Choosing a Bad Location

The location of the property is essential once you invest in real estate, picking any property out of a hat doesn’t lead to great returns.

Buying land in the middle of nowhere doesn’t necessarily make it a good investment. It may be in an area with poor demand. Therefore, research each location to determine whether it’s an up-and-coming area or a complete wasteland. It’s better to purchase land in a great location. 

3. Playing the Lone Wolf

When making real estate investments, don’t think you must take on every task like beginners. Because they may underestimate how complicated the process is. Beginners may think they know everything and can save money by playing the lone wolf. No one runs a successful business alone. So, experts can give you a piece of advice and help you get out of a bad deal, and save you thousands on a transaction. Therefore, you can focus on making new investments.

4. Getting Bad Financing

Consider carefully the type of financing you utilize to make your investments. Research all of your options, weigh the advantages and disadvantages, and consult with experts to get the best possible deal. It’s just as important as ever to consider all of your financing options.

An interest-only or adjustable/variable loan may sound like a great thing, but you’ll be paying the price when those rates finally go up. When securing your financing, make sure that you’ll have the financial flexibility to make your payments, and have a backup plan in case things go awry.

5. Not Budgeting Properly

During the research phase, if you want to build a home, you should have calculated the cost of building. Make sure that you budget for unexpected costs, and budget for the entire investment accurately.

Underestimating the cost of a real estate investment is quite possible since there are so many variables, such as cutting trees, utility installation, maintenance, mortgage, taxes, insurance, etc.

Overestimating your costs can cause you significant financial hardship down the road. Make sure your numbers are precise and realistic before making any final decisions.

6. Not evaluating Your Contractors

If you’re investing in property that requires work, finding experienced, reliable, and trustworthy contractors is key. Asking other investors for recommendations, and checking reviews of local professionals to make sure of hiring them properly.

Real estate can be a smart investment for everyone. However, just like with any other investment, it’s essential to do your due diligence, budget accurately, search to find a great location, and hire reliable contractors. By avoiding these mistakes, you’ll certainly gain profit.

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Once you say the word subdivision to individuals, it will most probably conjure up images of large tracts of suburban-style housing. Yes, extensive housing developments are indeed one type of subdivision, however, there are much simpler forms easily managed by even the most novice real estate investor… with some caveats.

First: Although it is profitable, subdividing land is not always simple. It can also be costly, with a lot of upfront costs. Despite these things, every investor needs to figure out what subdivision is and how it works so it can become a part of their real estate toolbox. Ensure to check out your local jurisdiction’s regulations and laws and consider every state and city is different.

What Is Subdividing Land?

Subdivision is rather easy. It involves taking one piece of land and dividing it into two or more tracts of land.

A subdivision may involve tracts of land with different ranges in size. For instance, from hundreds of square feet to hundreds of acres or only one new track. However, throughout the United States, there is not a standard legal “subdivision” definition. If you want to subdivide land, you should check your local rules.

For instance, in Tennessee, any division of land over five acres is not considered a subdivision, unless you’re in Shelby County, where the standard drops to four acres. And if you’re installing roads or utilities, size doesn’t matter.

Dividing land can be done simply; however, an easy subdivision isn’t always legal. commonly, writing a legal description of the two tracts, recording a deed at the local court, and submitting a certificate of title divides the land. However, consider your jurisdiction’s subdivision rules and ordinances, as well as any deed restrictions that may affect your plans. Skip the necessary steps, and the building department will give you the boot when you apply for a permit.

Why Subdivide?

People usually subdivide their land so they can sell off a portion. You may want to subdivide land for your family. Or maybe you want more lots for a house or commercial development.

Therefore, subdivisions create new tracts of land and some people prefer to subdivide.

How to Subdivide Land (Legally)

Before subdividing, check your local zoning. You’re searching for the minimum lot size. 

Rezoning of some properties doesn’t technically qualify. If you want to make sure please apply for a zoning variance or waiver and the government sometimes makes exceptions.

Assuming you’re permitted to subdivide, the precise process depends on your local jurisdiction and your project’s difficulty. For a relatively simple subdivision, for example, splitting a two-acre lot into two one-acre lots needs to have a plat drawn, approved, and recorded at the courthouse and pay an application fee, which varies depending on local regulations.

What Is Subdivision Platting?

If you want to know plat even for simple projects, hiring professionals like civil engineers, architects, land surveyors, and environmental consultant is essential to ensure your project proceeds as planned. Providing more information increases your chance of approving your proposed subdivision. Such pros can finally lead to crate plat. This word is a fancy word for a map or subdivision layout and an engineer or a surveyor can draw it. Each plat map will show a lot or subdivision that you decide to create from your parcel of land. Every jurisdiction mandates what a plat map requires to depict, such as utilities or streets. Therefore, please pay attention to local regulations.  

But there are other issues like if subdividing is not so simple, dividing 10 acres into 20 lots, or installing utilities and constructing new streets.

Usually, you begin with a preliminary plat. The Planning board or the local governing officials will check your design. If it is ok, they grant approval or ask to modify it.

After approval, you will continue an engineering review of your offered subdivision’s construction and infrastructure plans, covering all issues from drainage patterns to sewers and road design and utility construction. A licensed engineer can help you in this step by drawing detailed plans designed. This task is not for average real estate investors.

After that grading the land, constructing the streets, and installing the utilities is necessary. Then, submit a final plat that shows your lots waiting to approve and record at the courthouse. After recording it is time to begin selling lots or other plans such as constructing buildings.

How Much Will Your Subdividing land Project Cost?

After paying the application and recording fees, a survey and a plat are the minimum things you require. The minimum cost of a simple subdividing of land is under $2,000. Almost all subdivisions need some type of utility installation, and some of them need road construction.  

Encountering other costs such as school impact fees also are available. Depending on your jurisdiction such costs can increase to tens of thousands for each lot. Please pay attention to earn a return on your money. You need to pay all of such costs if you want to sell any lots.

Surprise Subdivision Headaches to Watch Out For

There are common subdivision problems that each smart real estate investor must familiarize themselves with them. We highlight some of them.

• Raw land: Developing raw land usually falls under subdivision rules. Hiring an engineer or local surveyor is helpful to guide you if they are familiar with local rules.

• Extra lot” properties if you buy land with an extra lot attached, you need to ensure this extra lot was correctly subdivided and it is legal to build or construct the property.

• When you encounter non-conforming lots in older parts of town, the time of creating them is important, if that date is before subdivision rules were enacted, then your lot is likely grandfathered. However, If there is no plat recorded and they were created after enactment it is possible you have an illegal subdivision.

• Land swaps: Please pay attention that swapping small land always doesn’t evade subdivision rules. Swapping ownership of your 10-foot driveway for 100 square feet of your neighbor’s land for parking may be surprisingly complicated.

You need to check with the regulations of the local office to record deeds.

• Public hearings: Sometimes neighbors don’t satisfy your plans. when any zoning changes local laws need a public hearing, it is possible they interfere. Therefore, your neighbors must hear about your plan directly. Community management is a vital part of due diligence. If you think some neighbors are not happy, it is better to talk with them before taking any action.

In conclusion

Subdividing land is not as quick and easy as you may think. Approval for simple subdivisions can take from a few weeks and for complex ones in jurisdictions can extend to years. Also, you must observe lots of development regulations. But despite the all costs and time involved, it is quite beneficial and consequently, it is a good investment.

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10: Plan for your land

If you decide to buy raw land, you should know what you want to do with it. For instance, Do you prefer to raise cattle, to build your dream home? or for retirement investment?

Before you begin the purchase process, it’s best to determine precisely how you want to utilize the raw land and when you decide to purchase it. A little planning will assist you to select the parcel that’s suitable for your stated goal. For instance, if you buy land for hunting, enough wildlife in the area is necessary. When you buy land for fishing, you need to locate streams and lakes. If you plan to use your raw land for investment, at what point will you think your investment is a success?

Planning isn’t just for your profit. It’s also crucial once you intend to apply for financing via your bank. The lender will consider this information before approving your loan. A development plan with blueprints can help to justify the loan.

9: Understand the drawbacks

While investing in raw land can be profitable, you need to consider the downside too. Buying raw land is considered a long-term, illiquid investment. In addition, developing raw land may take a long time before you obtain any profits. Selling it quickly is typically not a good option.

If you choose inexpertly or fail to fully assess the parcel, you are at the risk of losing money on the resale of raw land. Also, unpredicted events such as a slowing economy can affect your sales value and how fast you can sell it.

8: Consider the factors that affect the value

Determining the value of raw land is hard, however, some factors can affect it. For instance, Developing a strangely shaped parcel is challenging. Therefore, carefully reviewing the size, shape, width, and depth of the property is very important. 

The most important factor is location. Corner lots with easy access to roads and parking are ideal candidates for development. Considering easy access to drinking water, sewers, natural gas, electricity, and telephone service is important when choosing the location of your raw land.

Trees add value to your property, as do streams. In fact, a stream on your land can increase its price extremely. Good drainage is vital, as well as contour and grading. A good view can add value, however, it is costly when you develop the land. paying increases up to 30 percent more for utilities, road, sewer, water, and building foundations once you develop land high up on a hill. Furthermore, the environment, climate, air quality, water supply, and the presence of hazardous materials affect the worth of your raw land.

7: Be prepared for potential problems

Problems hidden beneath the surface such as buried toxic waste in leaking underground storage, old wells and septic systems, and underground pipes are probable problems. You need to consider such issues because for example if you need to dig a basement for your home, this issue can prevent more development. Also please pay attention to the location of your raw land. It should be far away from the flood plain.    

6: What’s the environment like?

Regardless of your plan to develop your raw land, a comfortable environment is a necessity. Smells from industry or landfills can dampen the fun. Also, Noise from traffic or airports can ruin the ambiance of your weekend getaway.

If there isn’t a power plant within an adequate distance, you will have to pay the cost of running cables across public lands to get hooked up. Based on your financial resources, this could be a deal-breaker. Ensure to call the utilities and find out before you purchase. Asking to know the availability of various services such as sewage disposal, septic tank, police and fire protection, hospitals, schools, churches, and mail delivery are other important considerations.  

5: Calculate the total cost of your purchase

The cost of your raw land purchase isn’t the same as the sales price you pay. The sales price is only part of it.

You need to determine the yield or profit from the developed property. That will require additional outlays of money for property surveys, fees, environmental impact studies, permits, soil tests, and engineering services.

And when you’ve determined that your land has potential worth, you’ll also have the exact development costs. These can include the building of access roads, tree removal, grading and clearing, payments to bring utilities to your property, and expenses involved with installing a septic tank or drilling a well.

Before purchasing you need to have enough financing to cover the sales price. Lenders typically lend you only half of the land’s purchase price. Therefore, you need to consider this issue for part-bank and part-seller financing.

4: Thoroughly investigate the land parcel

You need to walk in your raw land to find all details such as the location of ponds, streams, trails, and fence lines. Also taking photos of the boundaries and detecting any signs of hazardous waste are recommended.

Furthermore, researching areas can show population growth or population loss and information about future development, planned roads, utility extensions, and building costs of these areas. Also, check the land parcels around you. 

Research your land to get information about different subjects such as last sold, and area zoning. In the case of agricultural zoning, what crops can be grown and what livestock are allowed. In the case of residential or commercial zoning, find out if there are restrictions regarding the types of buildings allowed. Perfect research of your land is worthful since your purchase never surprises you later. 

3: Make sure you love it

It is important that you know all details of the land and likes them before investing your hard-earned cash. The seller is the one who knows the property information and indeed can be a great source of information. The time of owning the property, the reason for selling it, and asking about other key issues, such as taxes and financing options are necessary questions. You need to ask such questions from the seller to make the best decision.

Visiting the property to know neighbors and ask them what they like and dislike about this area. In this way, you can determine if they’re the kind of people you like to be around. You can camp on the property for a night or two to alert you to any issues with traffic patterns or noise levels.

2: If you don’t know, hire someone who does.

A real estate agent knows everything about buying and selling in the area, therefore, such experiences can help to find a suitable place at a reasonable price. Real estate agents can explain terms and processes and provide you with information on the Entitlement Process, which involves getting government approvals for land development. In addition, checking land to ensure it is free of pending court action and the seller has clear title to the land, and that there are no access problems.

1: Know the right time to develop

Timing is very important when you want to develop raw land. Changing demographics, an unsteady economy, or other uncontrollable aspects must be weighed. Building a new apartment complex when there is a housing surplus doesn’t make any sense. Nor does spending money to develop your parcel once already-developed land is easily available at a lower price.

If you already own the land, you need to wait until changes in the market appear or the economy picks up before developing. If you decide to purchase raw land, you should consider the right time. There are always other days and other parcels.

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Not everyone who owns or lives in mobile homes is down on their luck as shown in movies or TV. For some, it’s a matter of choice to live in mobile homes to have a certain degree of freedom, or for other practical purposes. But mobile homes or RVs can’t simply park anywhere they please. Plots of land that look vacant may actually be owned by someone which results in trespassing. So, it would be ideal for mobile homeowners to own inexpensive plots of land to attach their homes, or for RV owners, in places they frequent.

Meanwhile, mobile homeowners that were down on their luck and have saved enough, can purchase vacant land, attach it to the ground or build something more permanent. MrLandSeller.com can also help with that for both types of folks. MrLandSeller.com can help in purchasing vacant land to park their mobile homes and convert the land into personal residences or recreational areas.

As you would have guessed, MrLandSeller.com is a real estate website. It specializes in selling vacant lands at low, low, prices. So, the new owners can convert them for various purposes. Such purposes include a permanent parking area for RVs, and vacation areas. Also recreation purposes such as camping, hunting grounds, fishing grounds, shooting range, hiking, and mountain biking. The purchased land can even be rented out to fellow mobile homeowners or RV owners. 

Going back to our introduction, a piece of land in the middle of nowhere can also be a good long-term investment. Sooner or later, nearby towns will expand, and the property value will rise. And speaking of urbanization, MrLandSeller.com doesn’t deal exclusively in rural properties. They also sell land in urban areas for those looking into going into business.

Whether it’s a permanent spot for mobile homeowners, or for whatever purpose, MrLandSeller.com offers plenty of discounted land. Buyers can even save as much as 50% off the land’s market value. Plus, as mentioned, they can even construct vacation cabins on the land purchased. Purchases don’t even have to be paid in cash. In another word, other payment options such as owner financing and deals can be closed in as little as 14 days.

 Buyers can purchase land with a down payment of as little as $977. MrLandSeller.com offers affordable plots of land in several states including Alabama, Arkansas, Missouri, Florida, and South Carolina. Lovely places where folks can enjoy a little nature. The process is quite simple. Let them know what type of land you’re looking for. They’ll present the available options, choose the option you want, and make a counter offer lastly if the offer is possible, they’ll iron out the details. 

So, if you’re looking to finally turn your mobile home into a permanent residence, investing in additional properties, or looking for an out-of-town summer home/recreational land, feel free to browse over to MrLandSeller.com.

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Because there are a lot of logistics to work out, renting land out can be very complex. Therefore, it is necessary to consider location, scarcity, and benefits. Your land may be perfect for hunting, or it can be waterfront property, or it is located in the middle of the city, etc. 

And without considering the type of rental, it can be hard to evaluate how beneficial the rental will be.

Determining the Cost-Effectiveness of Not Renting

Once you decide not to rent your land, some factors affect your decision, since they are working against you. These factors include:

Loan Interest: If you took out a loan to buy the land, you need to account for all of the interest that will accumulate before the loan is satisfied. This figure can be very high in some cases. For example, a $12,000 parcel may end up costing $14,000 or more at the end of the loan.

Property Taxes: Taxes will be evaluated on the property. If structures are not available, paying property tax is much lower. However, it’s crucial to try and calculate what your annual property taxes will be.

Ultimately, determining the land value over the lifetime of ownership is very important. Land evaluation values are tough to assess because of the state and city differences. It’s recommended to find out land prices in and around your property. Therefore you can determine how much land prices have gone up over 10 years.

Utilizing this data, you can:

1. Predict the land’s value in 10, 20, 30, etc. years.

2. Calculate benefit by taking the forecast price and subtracting the purchase price

3. Add up property tax and interest costs over the lifetime of ownership (don’t forget to multiply by how many years the property will be kept)

4. Subtracting total costs from the calculated benefit

For instance, you have the below piece of land:

 Purchased for $12,000

 Predict value in 10 years of $16,000

 Interests and taxes of $200 per year

So, we would take $16,000 – $12,000 to come to a profit of $4,000 ($200 * 10) for a total profit after costs of $2,000.

All you had to do was purchase the land and this isn’t a bad deal. However, in some cases, deals may have an irregularly high interest or property tax rate that reduces their benefits and puts them in the negative. In this condition, you lose your money on this investment, which is never a smart choice.

Renting Factors and Considerations

Once you rent land, you like it to be as cost-free and hands-free as possible. In this scenario, there are few costs involved with the maintenance of the land. However, once you rent the land, there may be extra costs:

Insurance policies

 Landscaping and maintenance:

These are the two major factors. Since you own the land, you will be held responsible for injuries that happen on the property, so you’ll need the proper insurance. For instance, if you rented the land to a tenant and they never warned you of a hole on the lot, you may be held responsible. If a person were to become injured, it may be your duty to fix the hole.

The ideal scenario is a written agreement and the right contract that the renting party will be 100% responsible for the maintenance of the property.

Covering loan payments and property taxes as well as gaining a small amount of extra income are advantages of renting land.

Finding someone to rent the land and ensuring to appropriately follow all of the legalities are important in this plan. Therefore, when you decide to sell the land with zero expenses you gain a much higher profit.

Renting Land Options

You understand the profits of renting land. However, who is searching to rent land?

Farmers: Lots of farmers rent land for crops and grazing. Therefore they are permanent renters, and this is the perfect tenant.

Hunters: If your land is located in an area with an abundance of wildlife, hunters like to rent the hunting rights to your land.

Residents: Individuals in trailers or tiny homes may decide to rent your property. Smaller upfront capital will be needed, and such people will rent the land for a high price.

Owning a property in a greatly demanded area of the city on a populated street, provides you an opportunity to sign a long-term rental agreement with a business. Big companies like McDonald’s have been known to rent land in populated cities and earn thousands of dollars a month.

Finding such properties in cities is not easy and you need to be lucky. However, some areas of cities become populated over time, therefore you have this opportunity. Locking in a long-term agreement can be a drawback but you earn a lot of money in the process.

Is it a good idea to buy to rent land?

Yes, if it can be money-making. To determine the profitability of the venture you should conduct your research. In addition, because some cases need much work, it is not very viable, to buy land for rent.

Renting land to trustworthy and reliable people is great because you can make some money and land’s price increases over time.

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The only issue is that you haven’t visited the property itself just yet, and you may not have decided to purchase the land. However, you simply can’t pass this deal up since it’s an exclusive type of opportunity.

Land buyers have experienced your condition before. And you need to ensure that the land you buy is a buildable lot before investing. Ultimately, if the land is not buildable, it is not important how good the deal is, you don’t consider buying the land. We highlight some points to ensure the land you’re buying is a buildable lot.

Understand Land Regulations for a buildable lot

Land may be regulated at the city, state, and even federal levels (in rare situations). Some restrictions may be in place that will impede your chance to utilize your land appropriately. There are several restrictions to consider :

Zoning for the buildable lot:

Is the property zoned for residential, commercial, or agricultural usage? If you want to build a home, you need to ensure that the land is zoned appropriately. You can rezone the property, however, this takes time and money to fulfill.

Subdivision Regulations for a buildable lot

Some subdivisions have rules in place. These rules can stop you from building to plan. Simply because they restrict a building’s height or how far the building needs to be from the road.

In some states, some laws need a determined distance between a well and septic system on your property and adjacent lots. In this case, a small lot may be impractical to build on since you cannot meet the distance requirements. You may be able to get a variance to build on the property, however, again, this can be a problem

Title Searches for a buildable lot

Conducting a title search will give you a lot of information about the land you’re going to be buying. Through a title search, you’ll be able to determine:

Who owns a particular lot

 Deed restrictions

Easements

It’s necessary to mention that a title search will not show you the zoning of the land or other details that may hinder your building plans. However, it is a great way to make sure that easements will not hinder or affect your chances of building. You may utilize a title search to find out how the land was used earlier. A previous owner may have donated part of the property for conservation, and in this situation, you can not withdraw this donation.

Wetlands

You need to be careful about wetlands since the rules on this type of land are severe. Complicated laws exist on the city, town, and county levels as well as the state and federal levels, which is a mess in itself.

If you do not have access to the property (For instance, when you’re buying it online), you need to contact the local environmental department to ask about wetland inventory maps. These maps will distinguish all of the wetlands in the area. You will be able to use this map to determine if the land you’re interested in is governed by wetland restrictions.

Flood Plains

Local planning offices can help you to find out if your land is on the border of a flood plain or not. If your land does reside on the boundary of a flood plain, you should build a determined distance away from the boundary. This distance may make it infeasible for a small lot to observe limitations on how close a home can be to the road.

Ask for Verification of buildable lot

Buyers have the right to ask for verification of the land’s buildability. Before purchase, buyers have a right to know all information about the land. For example, it is possible that the land was used for farming, and pesticides were transferred to the land. It causes the land to be toxic. So, if you don’t know about this toxic waste when buying such property, it is your responsibility to clean up the waste, and it can be expensive.

You should ask the seller to make sure that the land is free of toxic materials and buried items. It causes problems when you decide to build. However, it is possible that the current owner doesn’t know about buried items on the land that can cause problems in the future.

Disclosure laws are available in many states that will give you certain issues. If the land was home to an Indian burial ground, for example, you would not be allowed to build on the property under federal law. You would need to know this information, and disclosure may provide you with this relevant information. However, every state has its own disclosure regulations. Also, some states do not have disclosure regulations in place for real estate.

As a buyer, you need to follow all of the mentioned information to verify any possible issues you may come across when building on a certain property.

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In comparison to buildings, vacant land represents a simpler investment that can also pay off in time. When you purchase vacant land, you’ll have several options to tap into profit. In case you need more arguments for making such a decision, take a look at the lines that follow.

• You can’t go wrong when purchasing vacant land

When it comes to the land market, the supply is short while the demand is high. In other words, vacant land will only get more expensive. It is easy to see that if you choose to purchase vacant land, its value will increase in time. While it is possible for land value to increase rapidly, this is usually a long-term investment. So, once you make such a purchase, it is worth being patient.

Besides this, there is an obvious tendency for people to move from the city to suburban areas. Once they reach a certain level of wealth or look for more suitable locations as they retire, the quiet suburban areas seem more appealing. There is also an increasing interest in homes in rural areas. This means that vacant land will be in demand for the building of new homes, away from the hustle and bustle of busy urban areas.

• It is the most affordable and accessible type of real estate

If we are to look at assets belonging to the real estate market, it is easy to see that condos, homes, office buildings, commercial spaces, and so on, require a high financial effort. On the other hand, vacant land is more accessible. You can even find financing options if you want to access vacant land opportunities, but don’t have the entire amount of money necessary to make a purchase. MrLandseller.com not only helps you find the best vacant land deals but also grants you access to convenient financing options.

Another great advantage of owning vacant land is that little to no maintenance is required. There’s no need to make repairs, there are no utility bills, appliance or furniture replacements, or the need to pay insurance policies. You actually have a palpable asset, with an increasing value in time, which doesn’t consume any resources.

• Vacant land can generate revenue even before the moment of sale

Besides waiting for a land’s value to grow, which is the simplest thing you can do, there are possibilities to make it generate revenue before you even decide to sell it. However, you will need to invest a little if you want to start making revenue this way. If the piece of land you bought already features a pond, lake, meadows with trees, then you’re lucky, since these can be considered as attractions. 

Other ways to generate revenue involve building houses or cottages that can be rented out. Many people look for options when it comes to vacationing away from the city. However, not that far away from home. You can also turn it into an attraction for agritourism enthusiasts. This is quite a trend lately, which means more opportunities to earn money for landlords.

No matter how you look at it, purchasing land is one of the best things you can do if you want to secure your financial future. However, make a decision as soon as possible, since land prices are going up periodically. If you wait for too long, they will get more expensive and scarce. Thus, in conclusion, it is still one of the best periods to purchase vacant land. Since it is a way to make a solid and stable investment. 

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Well if you are struggling with coming up with an interesting idea about how to put your own raw land to work, or you are thinking about buying one and want to explore the business possibilities for your new investment, we are going to share some ideas with you about using them for recreational outdoor activities.

Are you ready to learn more?  Let’s go.

The first thing you should consider is that if your property is large enough to host activities like: four-wheeling, paintball, mount biking, shooting range, biking, dirt biking, and other recreational activities. If that’s a check, maybe it’s in your best to simply turn your land into some kind of recreational facility. These kind of properties, require the smallest amount of development and almost have no maintenance cost. On top of that … that’s a lot of fun!

One other main consideration is the location of the land. Is it close to population or not? What are the interests of that population? If you are far from town, then your options are more limited; just because you won’t be getting as many visitors. And you should remember that your facility needs to have legal and physical access thus there need to be a road so people could drive on to get to your property, whether it’s paved or not. But you should know that being far from town has its own advantages; for example shooting ranges could work there whereas in many places close to town, having such facility could be problematic.

Now let’s take a look at some of your options in making such recreational facilities:

• Outdoor obstacle course

Most of the funniest and most exciting exercises happen outdoor. Just ask someone who has tried some kind of military training and they will tell you. But you don’t need to be in the military to experience STH similar.

You can use your raw land as an obstacle course to attract people looking for a healthy cost-efficient hobby.

Outdoor shooting range

Another exciting option for your vacant lot; if you are into guns or any other shooting device, then you may like the idea of turning your land into an outdoor shooting range.

The best places for making such a facility are properties with natural hill, for they could stop the bullets which were off the mark. You can even use pile of dirt or sand for that purpose.

These places could also serve well as an archery range or a paintball target practice. Not only you could make money by making such an exciting place, but it could also be somewhere you can gather with your friends and family every now and then and have lots of fun.

Community playground

Are there any kids in your neighborhood? Is there any safe place for them to play and do some physical activities? This could turn your neighbor into a popular area for young families.

You can make a very beautiful playground with just a few thousand dollars.

A place for tenting

If you are a camping enthusiast then you may like this idea. You own a vacant land surrounded by nature, you can turn that into a place for tenting. For some people it’s really worth it, even if they can use it only once or twice a year. Is that enough for you?! If not you should know that there are a lot of people who love the outdoors and are more than happy to find an affordable that will allow them to spend their time doing what they love.

• Park and RV

Well if you are not that interested in running away from the civilization but still enjoy spending time in the nature, you could just as well use your land to park an RV or travel trailer so you could breathe some fresh air and not miss your favorite TV program.

Although you should consider that in some areas, there are some rules on restricting the time that a camper could be parked on a property. So make sure to check the municipality rules first.

• Pave a biking trail

Is your land big enough to contain a small road?

Although it’s not the ideal choice for every vacant land, but if that’s the case in your land, it could be a great way to create a pleasant vibe, where you can exercise or spend your time. On top of that, if a path runs alongside your property, its value increases.

• Build a Golf Course

Developing a raw land and turning it into a golf course is not an easy task and it costs a lot of money (maybe a million dollars per hole). But if you are looking for a business opportunity and there is a clear demand for, you may just go for it. Keep in mind that a golf course could be a great way to create and grow a profitable business.

Boat launch

If your property has physical access to the body of water, then a smart move would be to offer your land as a boat launch to other people in your area who don’t have a direct access to that body of water. Remember that in most cases, the owner decides to use that access to water only and only to themselves, so you could be the only boat launch facility in the neighborhood.

Other ideas

Of course there is more . . .

There is never a 100% guarantee that economic growth will happen in the area that you purchase land. Therefore, MrLandSeller recommend having the land work for you. This is certainly more hands-on than what some retirees will like to consider, however, it works in many ways to make money.

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1-The land is as valuable as its potential.

If communities are available, it is possible to use the land for farming, grazing, timber, or other purposes. Therefore, land has a positive value. However, land in the middle of Death Valley is a high-risk investment for even the most optimistic investors.

2-Income-Earning Land as an Investment

Income is what you require for retirement and it is not from your own hands. Passive income is excellent for a retiree, and having land can prepare this income. Income-earning land is the ideal choice for most retirees since it’s a safe bet.

Available options are

Rental Properties:

Purchasing vacant land and constructing a home to rent can acquire you remarkable income. This can be performed hands-off with a property manager, or you can simply gather your checks monthly. Some upkeep costs and concerns are Repairs, Insurance, and Vacancies.

Hunting Land:

leasing the land to hunters on a seasonal or yearly basis is another option. While hunting leases won’t catch you as much as rental properties, the important advantage is zero upkeep, and the value of your land increases.

Farm Leases:

Almost 40% of all farmland in the United States is leased or rented. And this number is increasing regularly. With farm leasing, you can lease the property for different uses such as ranching, cattle, and crop growing. The value per acre differs greatly from state to state.

Energy Leasing:

A new trend that is gaining attention is leasing land for solar arrays. But it is still a new trend with little statistical information, however, it does give monthly income, although the lease contracts are long.

Timber:

Lots of trees per year are cut down for timber, and per acre produces money according to the type of tree and location of the land. Depending on the type of tree grown, timber is a medium-term to long-term investment. Per harvest, can produce income.

And this is a great option for retirement savings. Once you retire and you have a 401(k), for instance, when you finish off your money, you won’t be making any more money from your investment.

If you choose to take out smaller sums of money, over the long term you’re also making less money, because your complete investment portfolio keeps shrinking. Income-earning land has a price that continues to increase. You will figure out that not only will you be able to make money off of the land, but you’ll also be able to sell the land at a premium since the price of your land can go up year-over-year.

3-Vacant Land as a Retirement Savings Option

Land prices are tricky to assess their return. The location of the property is key to the value of the land. In addition, the population growth in the area is crucial. Therefore, you need to consider where you’re purchasing land.

A great example of value increases (ROI) from historical prices is:

Alabama: Land value in 1975 was $1,200, and the same property’s land increased to $20,000 in 2015.

This information is provided based on the value of the property. Therefore, we can see how within 40 years, land prices increase in Alabama.

When you calculate the return rate for 40 years you would make more from land versus investing in stocks. But, please consider that there are upkeep costs that may outweigh the profit of land over your 401(k) as an investment. You’ll need to pay property taxes on vacant land, and these prices are usually low if there are not any buildings on the property. Generally speaking, you’ll find that land returns are much greater than investing your money elsewhere.

Land Investment

Purchasing land is a smart investment because it can’t go bankrupt or disappear overnight like a company. A various retirement portfolio is the best option for any retiree, However, land should account for some of your portfolios. Earning much more from land in the long-term compared to the average stock market return is quite possible.

Many people fail to recognize that a diverse portfolio is the best option for their retirement. It is a long-term and secure investment. And, the best option is a long-term investment, when investing on land. It is the most important factor to emphasize.

Because a land investment does not have high liquidity, investors consider land a high-risk investment. In the other words, it may take months in most cases, to sell the property and to make a profit off of it. However, vacant  land has given many people a very comfortable retirement.

The trick is to select vacant land :

•  If the vacant land is located on the border of an area experiencing expansion and economic growth.
•  whether it is zoned properly, whether it be residential or commercial for the area.
• If the price of the vacant land compared to the surrounding area is undervalued, it is perfect to buy.
•  If the vacant land is equipped for building in advance, it is ideal.

There is never a 100% guarantee that economic growth will happen in the area where you purchase land. Therefore, MrLandSeller recommends having the land work for you. This is certainly more hands-on than what some retirees will like to consider, however, it works in many ways to make money.

If you are searching to purchase affordable land, please contact us. Please visit our property list by Click Here

Please leave us a review on our Facebook page and hit the like bottom to receive new content and deals on Facebook.