So, you’ve decided to invest in raw, undeveloped real estate. At AGT Properties, we specialize in the sale of undeveloped properties in the United States — with Florida being one of our geographical areas of focus. So if you’re considering buying land in the Florida area, we urge you to check out our current raw real estate listings and get in touch with a member of our experienced team today.
Florida is a great place to consider investing in raw real estate. That said, like any other major investment, there are a few questions that you should be sure to answer before purchasing any property. Continue reading below to learn more.
What Is Property Zoning?
When purchasing any property, it is important to find out how it is zoned. In doing so, you will have a better idea of how you can leverage the property as an investment asset. By learning more about how the property is zoned, you’ll be able to find out if you can build on it, what other construction might occur in the area, and whether or not the development of the land is restricted to residential or commercial use.
Who Owns Resource Rights?
Undeveloped properties do not always come with the rights to the resources on said property. Instead, mineral, timber, and water rights to the land are often separated from the land itself. Before purchasing an undeveloped property, it is important that you find out who owns the rights so that you are not blindsided in the future.
Where Is The Property In Relation to Wetlands?
In the state of Florida, we have no shortage of wetlands. And by that, we mean that there is no shortage of unusable land. Before purchasing any undeveloped property, it is important to know whether or not the property has wetlands or is near a floodplain. This is important because if there are wetlands on the property, it can inhibit your ability to build or develop the land.
Who Owns The Neighboring Properties?
If you were to buy a house in a suburban neighborhood, you would probably want to know who your neighbors are, right? With undeveloped land, it is no different. By learning who owns the land in your area, you can get a better idea of how the undeveloped properties will be developed, as well as how that might influence your plans for your property.
Does The Property Have Utilities?
When most people think of “undeveloped land,” they tend to think of a property that has had no human influence — a completely natural plot of land, if you will. That said, undeveloped properties can still have utilities. By learning what utilities that you would have access to, you can get a better idea of how you can use the land, or what you would have to do to get certain utility access installed.
What Is The Property Size?
One of the most important things that you can do when shopping for undeveloped land to invest in is to verify the size and shape of the property. All too often investors will purchase a property sight unseen only to learn that the property is smaller than they had anticipated or that the property boundaries are not compatible with how the land was intended to be developed. By verifying the size and shape of the property before you purchase it, you can ensure that your investment is a good decision.
Let Us Help You Purchase A Property In Florida!
At AGT Properties, we specialize in the sales of undeveloped, raw properties across the United States — including here in Florida. With undeveloped real estate listings in Jackson County, Lee county, Marion County, and St. Johns County, we are able to show you a variety of desirable investment properties in quickly-growing parts of Florida.
If you have any questions about our Florida undeveloped real estate listings, we urge you to reach out to a member of our team. We look forward to helping you find your next investment property.