Buying land is an investment asset often overlooked by real estate investors. Yet, the land offers a variety of methods to earn income and
build wealth over the long term. Healthy real estate portfolios have a
well-balanced selection from every market sector, and land should be a
part of that picture. This diversity gives your portfolio security
against economic downturns which may affect one market sector, with your
investments in the other areas carrying you through.
When investing in assets, you should be considering the economic model of supply and demand; the land is a finite resource and will
always be in demand. However, unlike stocks with values that can
fluctuate drastically, the land is tangible, and the equity in it won’t
completely disappear from your possession overnight. So read on as we
explore five things you should look for when buying land in Belleville.
Budget
You should understand your finances clearly, how much you can spend on the land and how much you’ll need on hand for development if that is
the plan, and then look for property that works within your budget when
buying land in Belleville. Working with a professional buyer like those
at Cardinal Creek Properties could help you save money on the purchase
through savvy negotiations with the owner, and we never charge
commissions.
Purpose
Some buyers are looking for land to hold and divide into residential lots in the future. Yet other investors may have existing enterprises,
using the land to grow the business and enhance profits further. You’ll
be able to eliminate the clutter and zero in on your target area when
you’ve determined your purpose for buying land in Belleville. Working
with professional buyers like those at Cardinal Creek Properties can
help you understand the exciting opportunities land can offer.
Location
Now that you’ve clearly defined your intended purpose, the next thing you should look for when buying land in Belleville is the best location
that fits your budget. Working with a professional buyer like those at
Cardinal Creek Properties means working with local pros who know
Belleville to help you locate property with the proper zoning,
utilities, access, and everything else you need to fulfill your goals.
Feasibility
A feasibility study can help narrow down the candidates among the prospective properties you’re considering when buying land in
Belleville. Working with a professional buyer like those at Cardinal
Creek Properties means you’ll have the numbers in hand to know if your
plans will bring you the highest returns on your investment dollar.
CAD
You should look for a professional to perform a CAD or a critical area designation study before you sign on the dotted line when buying
land in Belleville. Otherwise, you may end up with a property you cannot
develop. In addition, with a CAD in hand, you’ll understand your
project’s environmental impact and have a plan to mitigate the damage.
You’ll need this information before you can attain permitting. Working
with a professional buyer like those at Cardinal Creek Properties will
help you take the right steps and help you understand the process.
You’ve taken the first best step by educating yourself about what to look for when buying land in Belleville. Your next step should be to
talk to one of the seasoned experts at Cardinal Creek Properties today
about your goals for the land and how we can help you avoid making
costly mistakes. Then, let the professional buyers at Cardinal Creek
Properties help you get started by locating the perfect land in
Belleville to build your investment dreams. And don’t forget to ask
about the current inventory at Cardinal Creek Properties of the best
investment land available in Belleville. Call Cardinal Creek Properties at (314) 467-8137.
