Vacant land is often one of the least considered options when it comes to real estate investment. For the everyday investor, the best way to get value for money is to go for developed property. This is despite the fact that vacant land gives one a ton of options when thinking about development possibilities. Read on to know how best to go about getting good land for sale in Okeechobee FL.
For starters, you want to find out what the zoning laws in the area state. According to official figures, a significant part of Florida consists of urban areas. This has led to different zoning laws in various areas, for instance Okeechobee. These laws give guidance on land use by area.
Luckily, finding out what the law says about your area should not be hard. All you should do is contact the authorities responsible for zoning within that jurisdiction. This is information that is available to everybody. Once you get the information you need, you will know whether purchasing the parcel of land is the right thing to do based on the intended use.
Zoning classifications often constitute five aspects. A particular area can be classified as residential, agricultural, mixed use, commercial or industrial. The authorities are often strict when it comes to enforcing the law, so you cannot build condos in an area designated for agricultural use. Ensure you inquire about the types of buildings permitted within the jurisdiction beforehand.
Another critical concern is the topography and general geology of the area. It is no secret that Florida has a vast limestone base beneath its topography. You want to purchase a piece that has the least chance of developing sinkholes. Other topographical aspects to look at include the presence of ravines, cliffs and flood prone sectors. Topography is especially critical as it has a direct impact on the feasibility of constructing buildings.
These days, many people inspect properties that they wish to purchase from the comfort of their homes. This is thanks to the availability of many free web based tools that offer easy remote viewing, a case in point being Google Earth. Just make sure your internet connection is strong enough to display satellite images accurately, more so when looking at hills and cliffs.
Taxation is a significantly important factor too. It is billed annually based on the value attached to property. A large parcel is certainly bound to attract a higher tax rate than a smaller one. Just approach the authorities beforehand to find out what your options are. Even then, most American jurisdictions charge between one and four percent of the property value annually.
Finally, make sure there are public utilities near the property in order to maintain its appreciative value. The only time you should not bother about this is if you plan to go off grid. Some of the utilities to watch out for include piped water, electricity and sewer lines.
For starters, you want to find out what the zoning laws in the area state. According to official figures, a significant part of Florida consists of urban areas. This has led to different zoning laws in various areas, for instance Okeechobee. These laws give guidance on land use by area.
Luckily, finding out what the law says about your area should not be hard. All you should do is contact the authorities responsible for zoning within that jurisdiction. This is information that is available to everybody. Once you get the information you need, you will know whether purchasing the parcel of land is the right thing to do based on the intended use.
Zoning classifications often constitute five aspects. A particular area can be classified as residential, agricultural, mixed use, commercial or industrial. The authorities are often strict when it comes to enforcing the law, so you cannot build condos in an area designated for agricultural use. Ensure you inquire about the types of buildings permitted within the jurisdiction beforehand.
Another critical concern is the topography and general geology of the area. It is no secret that Florida has a vast limestone base beneath its topography. You want to purchase a piece that has the least chance of developing sinkholes. Other topographical aspects to look at include the presence of ravines, cliffs and flood prone sectors. Topography is especially critical as it has a direct impact on the feasibility of constructing buildings.
These days, many people inspect properties that they wish to purchase from the comfort of their homes. This is thanks to the availability of many free web based tools that offer easy remote viewing, a case in point being Google Earth. Just make sure your internet connection is strong enough to display satellite images accurately, more so when looking at hills and cliffs.
Taxation is a significantly important factor too. It is billed annually based on the value attached to property. A large parcel is certainly bound to attract a higher tax rate than a smaller one. Just approach the authorities beforehand to find out what your options are. Even then, most American jurisdictions charge between one and four percent of the property value annually.
Finally, make sure there are public utilities near the property in order to maintain its appreciative value. The only time you should not bother about this is if you plan to go off grid. Some of the utilities to watch out for include piped water, electricity and sewer lines.
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