Let’s invest in land! But wait, it’s not so simple there are many factors to consider before you sign on the dotted line. It is well worth considering consulting with professionals to ensure you’re on the right track and the right piece of land when purchasing. So read on as we explore red flags to look for when buying land for investment in Omaha and Council Bluffs.
Utilities And Access
A huge red flag to look for when buying land for investment in Omaha and Council Bluffs is that there is access to the land by road and that all required utilities will have the ability to provide service to the location, which isn’t always a given. You may need to work with neighbors to provide you with entry to your land, which could end up being costly if you’ve already purchased, you’re at the mercy of a stranger. This information is better to know before buying your land and feeling stuck in a bad situation.
Neighbors
Speaking of neighbors, another red flag to look for when buying land for investment in Omaha and Council Bluffs is an obvious use of the property by your neighbors, which may give them rights to the property in the event the use of any part of the land has been for a prolonged period. Unpermitted use of the land is one of the reasons we suggest that you or a personal representative always physically observe any real estate before purchasing. You should also pay attention to the smells coming from nearby properties or anything else that could inhibit your full use and enjoyment of the land in the future. You’ll also want to ensure that undeveloped land hasn’t become a local dumpsite for trash. Another aspect of the neighboring homeowners to consider is their attitude towards your proposed land use, especially if you’ll be seeking rezoning and there could be trouble.
Zoning
One of the big red flags to look for when buying land for investment in Omaha and Council Bluffs is the zoning and how it could interfere with your intended purpose for the land. In addition, there are many agencies involved with land and various laws governing land use at federal, state, and local levels. Other concerns are regarding environmental impacts and protected species, for example, if you’ve already done the deal, you’ll own land that you cannot use as you wish.
Boundaries
Another red flag to look for when buying land for investment in Omaha and Council Bluffs is an oddly shaped property, the very boundary of which could inhibit your intended use of the property.
Value
Another red flag to look for when buying land for investment in Omaha and Council Bluffs is someone rushing you to buy when you’re unsure about land values. It isn’t easy to determine market value, unlike developed real estate, where you can easily compare. An appraisal of the land is a strong backup for the asking price. You should be aware that many experienced professional land investors, like the direct cash home buyers in Omaha and Council Bluffs at Harter Investments, can provide a general estimate within about 5% of the value off the top of their heads.
Don’t risk it! Let the pros at Harter Investments help you spot the red flags when you’re buying land for investment in Omaha and Council Bluffs. We are experienced and we buy houses in Omaha and Council Bluffs which means we will make the process easy, our professional homebuyers in Omaha and Council Bluffs will help you step by step, so you understand the process and feel great about the deal long after closing. And Harter Investments has a steady inventory of the best land available for investment in Omaha and Council Bluffs if you don’t already have your land in sight! Let us help you find the best fit for your investment goals. Just call a professional direct cash home buyer in Council Bluffs and Omaha Harter Investments at 402-939-6556 or send us a message today or visit us at www.harterinvestments.com!
