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.
Fortunately, understanding the laws within your area of interest should be easy. You can get all the information you need by getting in touch with the local zoning department. This kind of information is always accessible in an instant to all members of the public. Once you identify the zoning classification, you should be able to decide whether the property is the right choice for what you plan to use it for.
Zoning classification usually covers five areas. This includes residential, commercial, agricultural, industrial and mixed usage. Each of these classifications only permits the construction of specific types of properties. For this reason, you might want to ask the department what kinds of buildings you will be allowed to construct.
Geology and topography are also serious aspects to consider. Florida is generally known to have a significant proportion of subsurface limestone. In this regard, you might want to choose a parcel that is highly unlikely to develop sinkholes. In the same manner, you should inspect the area for cliffs, flood zones and ravines. If you were to get a parcel that has a significantly steep topography, it may be difficult to carry out any construction work on it.
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 major thing to consider too. Taxation rates are often calculated annually based on property value. As such, large pieces often draw higher tax rates than smaller ones. This is something that you should be able to get information on from the local administration. Needless to say, the annual rates in many areas in America fall in the range of one to four percent of the total property value.
Lastly, only purchase a parcel that has easy access to the relevant public utilities for maximum resale value. However, this should not be a key concern for buyers who are intent on off grid living. The most fundamental utilities to have in close proximity are electricity, sewer lines and piped water.
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.
Fortunately, understanding the laws within your area of interest should be easy. You can get all the information you need by getting in touch with the local zoning department. This kind of information is always accessible in an instant to all members of the public. Once you identify the zoning classification, you should be able to decide whether the property is the right choice for what you plan to use it for.
Zoning classification usually covers five areas. This includes residential, commercial, agricultural, industrial and mixed usage. Each of these classifications only permits the construction of specific types of properties. For this reason, you might want to ask the department what kinds of buildings you will be allowed to construct.
Geology and topography are also serious aspects to consider. Florida is generally known to have a significant proportion of subsurface limestone. In this regard, you might want to choose a parcel that is highly unlikely to develop sinkholes. In the same manner, you should inspect the area for cliffs, flood zones and ravines. If you were to get a parcel that has a significantly steep topography, it may be difficult to carry out any construction work on it.
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 major thing to consider too. Taxation rates are often calculated annually based on property value. As such, large pieces often draw higher tax rates than smaller ones. This is something that you should be able to get information on from the local administration. Needless to say, the annual rates in many areas in America fall in the range of one to four percent of the total property value.
Lastly, only purchase a parcel that has easy access to the relevant public utilities for maximum resale value. However, this should not be a key concern for buyers who are intent on off grid living. The most fundamental utilities to have in close proximity are electricity, sewer lines and piped water.
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