Investing in Vacant Land Holds Promise of Future Profits
Investing in land for the purpose of speculating and realizing a profit has been part of the American landscape since this country was colonized. From the days when fertile soil made farming a profitable prospect to today when investors seek to profit on a property?s development potential, there have been opportunities for profits through property speculation ? providing you?re a smart investor.?
Here are some tips for selecting property for future development and profit:
Establish your investment criteria with your commercial real estate agent. When investing in any property, you need clear buying criteria, and this becomes more important when investing for future development. Your real estate agent has in-depth knowledge of areas where future development is planned and can help narrow your search for properties that meet or exceed your investment needs.
Investigate what types of development the zoning allows. Municipal zoning requirements are directly tied to community plans. Changing the zoning can be a challenge, but you can improve your odds by closely examining the municipal plan. Always consider what the highest and best use is for the property to ensure that you?ll get the greatest return on your investment. Many real estate agents have resources and work sheets to assist with this process.
Establish the whats and whos of your Plan. The keys to successful investment are research, analysis, planning and a good team. In addition to your commercial real estate agent, you may also wish to work closely with a lawyer, city planners and economic development personnel.
Picture Creedit: Flickr
Contact a Commercial Real Estate Expert:
Contact Luke LeGrand, ePRO via email @ luke@kwcommercialsa.com or call 210-843-5853
or Link LeGrand, CCIM via email @ link@kwcommercialsa.com or call 210-789-5465
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Investing in Vacant Land Holds Promise of Future Profits
Tags: Ask the Experts, Business News San Antonio, Commercial Real Estate Blog, Commercial Real Estate San Antonio, Investing in Vacant Land Holds Promise of Future Profits, Keller Williams, keller williams commercial, kw commercial, kw commercial sa, kw commercial san antonio, San Antonio Business News, San Antonio Commercial Real Estate
Source: http://kwcommercialsa.com/blog/?p=6397
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