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Category Archives: Real Estate

Ideal Plot Of Land For New Home

First, figure out exactly what you want out of your house. How many bedrooms do you need? How many bathrooms would you like? How many people will be living in the household on a daily basis? Do you have guests stay with you from time to time? This will help determine the amount of interior square footage you will need. Once you have a rough estimate of your interior household’s design and square footage, begin working on the exterior estimate for your home. Will you be installing an in-ground pool? Will you have a guest house? Will you have a 3-car garage? Will you have a garden? Take all of these ideas into account so you can determine what type of land will be friendly toward your endeavors, and exactly how large of a lot you will need (when combined with your estimate of the interior square footage).

Next, you will want to decide on the architectural type of house you’d like. Will you be going with a more modern home that uses large, open spaces, large windows, and high ceilings? Or will you go with a more traditional home that consists of just the opposite? Why does this matter? For example, if you choose to go with a modern home, you’ll want a lot that will be exposed to a lot of light and you’ll want to have good air flow around your home.

Lastly, you’ll want to ask all the natural questions you’d ask yourself about a piece of land. Will this plot be exposed to lots of flooding? Is it a disaster if an earthquake comes through? Are there too many trees close to my house? Will a hurricane be likely in this area? Don’t forget the simple things as well as the “disaster” scenarios. How close are you to amenities? Will you have access to city/county water lines, sewage and electricity? Is the area exposed to a lot of crime?

By answering these questions, you should be well on your way to picking a lot that is ideal for your home. There will always be different types of questions to ask in different regions, but these should generally guide you along the right path. Once you’ve selected the right plot, you’ll want to begin the appropriate paperwork to get the lot transferred to your ownership.

Find Cheap Land

One thing to keep in mind with land is that like all types of real estate, location is everything. One tenth of an acre in Manhattan could cost millions of dollars, but travel a few counties away from the cities and you can get many acres often for a few thousand dollars. The sweet spot is when you can find an area that’s close enough to a metropolitan area to be desirable, yet far enough that you can find a great deal.

The best types of sellers for cheap land are the ones who have a reasonable expectation of what their land is worth. Oftentimes, people have owned their land for decades and expect to be paid market value or higher just because they’ve paid taxes on the property for all these years. These are not the sellers you want to do business with.

Unfortunately, many of the properties listed on the Realtor’s MLS fit this description. They think their property is worth X amount because so-and-so down the street sold it for a big amount back in 2007. But Mr. Seller doesn’t mention that his neighbor’s property is twice as big, has several potential building sites, and a beautiful stream running through it! Yes, sellers tend to forget these details and have expectations out of touch with reality.

If you are looking for the best land deals, it is in your interest to seek out a land expert. A professional real estate investor who focuses on vacant land often gets great deals by buying properties in bulk, and then passes the savings on to you in order to unload the property quickly. These deals are often from sellers who inherited the property, or are very behind on property taxes, or just don’t want the land for whatever reason.

If you are looking for cheap land, the best things you can do are 1) establish a relationship with a land investor and 2) be able to buy quickly. The faster you can buy, the better the deal you will likely receive from the investor!

Tricks To Subdivide Property

Survey The Land

Survey the perimeters and boundaries of your property. A preliminary survey is performed as a fundamental step of your buying process, which will be conducted by a certified land surveyor. In this phase, the surveyor looks into their findings, dimensions and measurements next to the county records to find a blue line survey that will provide an officially authorized description of your property. In case you already acquired the property, you need to you need to survey only the portion of the land you want to subdivide from the rest of the property you own.

Identify The Division

Decide on how you want your land or a portion of your property to be subdivided. If you want to split the whole piece of real estate into single lots, you have to work with a land survey specialist all over again. To make the measurements, have a look at the individual lot sizes. You need to identify where the streets would be situated and how much space you want to divide each plot. Furthermore, provide an area for right of way, utility easements, drainage areas or park areas.

Plat The Property

Once you and your surveyor subdivided the property, you have to plat the property once you have finished the development plan of your property displaying all the subdivided parcel of land. Then, file the plat in the county tax office. This process is also a way of informing the tax office that the land is being developed and will be altered from being taxed as acreage to individual plots assessments in the upcoming years.

Sell The Subdivided Property

Once you finished the previous steps, you can now begin vending parts of your real estate. A title company can help you out with the legal paperwork and real estate agent can assist you in marketing the property.

About Property Easements

THE BURDEN ON THE PROPERTY OWNER

Regardless of the type of easement, property values could suffer because of the potential for unsightliness and inconvenience. In addition, easements don’t typically come with expiration dates, so even as a new owner of a property you’re still inheriting the previous owner’s responsibility to observe the easement holder’s rights and privileges. It’s also important to note that no matter the percentage of land under an easement, property owners are still obligated to pay taxes on the entire parcel.

HOW TO FIND EASEMENT INFORMATION ON A PROPERTY

Given the potential headache an easement can become, it’s crucial that you’re fully aware of any restrictions and requirements tied to a property before proceeding with a sale. Thankfully, there are several options available to you in order to determine the number and type of existing easements.

If you are purchasing a home, typically you would obtain title insurance along with that purchase. As part of the title insurance process, a title company conducts a search to ensure that the title is legitimate and will also generate a report that details any and all issues associated with the property, including easements, outstanding mortgages, liens, judgments or unpaid taxes.

If there is a suspected issue concerning easements on your property you can hire a title insurance company, or private title searcher, to perform a search for easements on the property in question. Depending on the complexity of the search, they may charge a fee for their services, but a good title company will provide you with a comprehensive report.

The deed to the property is another source of information and will have the easements listed and defined as part of its legal description. If a copy of the deed isn’t readily accessible you can obtain one from the county clerk or recorder. Be sure to have the address, parcel number, and current property owner’s name when making the request.

Similarly, the county or city zoning/mapping department is often in charge of keeping records of surveys and plot maps. These documents will contain information on a specific property’s easements, including the exact measurements of the portion of the property considered the easement.

Raw Land Income

Storage

Have you noticed how many mini-storage rentals there are? If you have a building on site, this is also a potentially lucrative way to make extra money. These days, no-one seems to have enough room to store their stuff, making storage space a realistic way to earn some extra income. It may even be a wise investment to have a building put up if one does not exist. Those with an old barn could store four wheeler or boats during the off-season, making it one of the easiest ways to make extra money using your land (or trailers, campers, snowmobiles, classic cars -just about anything you can think of).

Camping

If you have level, open land that would be suitable for erecting tends, you should look into the logistics of starting a basic campground. Depending on the current condition of your property, it is possible to start up a campground with little start-up money. Usually to get started you only need stakes to make the sites, some campfire rings and a port-a-potty. There are so many free and inexpensive ways to advertise these days such as Craig’s List and backpage.com that you can at least place an ad and see what kind of interest it generates. If there is interest in your area, you have a pretty simple way to generate passive income without having to make a large upfront investment or doing expensive upkeep.

Logging

If your property includes wooded areas, it would be smart to get a few quotes from different logging companies to see how much you could earn from the timber. In order to preserve the value of the land, as well as for environmental reasons, I do not recommend that you clear-cut the land. However, you may be able to log part of it and preserve some of the wooded areas. You might want to look into logging companies that cut sustainably by selectively harvesting only certain kinds of trees. This protects the value of the land as well as lessens the negative impact on the environment. Just do a Google search on “sustainable logging companies” in your state.

Flea markets

If your land is in a high traffic area, I suggest that you look into renting it out as a flea market. Do you know how many small tables you can fit on an acre of land? Even if you charge just $15/day for each vendor and you have 20 vendors for the first year, you are already generating an additional $300/day which comes to more than $2,000/week. This is a very low-cost way to make use of your land while helping out local vendors and consumers alike. As usual, do some research on the logistics before diving in.

Cropland

Depending on the kinds of farming that exists in your area, there may be individuals or larger companies looking to lease land short-term or long-term for farming purposes. If you have tillable land, it would be worth your while to place an advertisement in the local papers as well as places like Craig’s List and backpage.com to see if you get any hits.

Buying Rural Property

One of the keys to getting a really good deal on rural or mountain property is knowing the market. By doing a lot of research online and in the newspaper, talking to agents and driving the area, you’ll get a good sense for market prices. This means that when you see a good deal, you’ll know immediately. When a property is listed for sale at a great price, it won’t last long. That’s why it’s so important for you to do your upfront research so that you will recognize it when you see it.

Once you find a potential property, there are some things that you want to be on the lookout for from the beginning. First, make sure that property is really in an area where you want to spend time. If you’re going to live there and work somewhere else, you do need to take into consideration your commute time.

Make sure that you understand what the water source is for the land. Some people are completely shocked and upset when they purchase property without realizing that it is serviced by a well or will require thousands of dollars to bring water onto the property. In fact, there are many counties in the country that will not give someone a building permit unless and until the property owner can prove that they have a good water supply.

Another thing to be mindful of is access to the land. You’d be surprised at how many people try to sell property that is basically landlocked. For instance, you want to check and see if you’re going to have to share a main driveway with any other property owners. If so, find out who is responsible for maintaining the driveway. This can often be a source of contention between property owners.

Finally, when buying rural or mountain property, make certain that you know if there are any specific regulations or covenants that govern your property. If it’s a smaller piece of land surrounded by other properties, there may be certain guidelines that you have to follow. While this can protect you from looking at junky properties around you, it can also prohibit some of the things that you may have wanted to do when your property such as storing an RV or putting up outbuildings.

Managers Approach Land Investments

equity index (performance adjusted for inflation) generated an annualised return of only 0.1 per cent. Bonds did better, with an annualised return of 6.1 per cent, benefiting from a low-interest rate environment that could change soon. Real assets including land can and often do perform much higher.

• Land assets are hedges against inflation – Real assets, including land, tend to rise in value with inflation. Fund managers value such things as farmland and forestry holdings because their products rise with inflation and increased yields (food and wood) over time as well. Considering strategic land investments, which prepares and converts raw land adding into housing-ready developments, the demand for housing and price increases that outpace inflation drive home this point.

• Land assets are non-correlative to financial markets – Land itself lost little value in the financial crisis while the financial markets were in a tailspin.

But to be clear, working in land investments comes with requirements:

• Illiquid, for better or worse – Almost all real assets cannot be disposed of easily. Investment in a joint venture land opportunity, for example, will come with contractual time parameters. It may be that the investor can exit after 18 months or after several years. Real estate investment trusts (REITs) are the exception, traded as market securities (and as such are subject to price volatility).

• Requires specialised skills – the predispositions of local planning authorities, home site design and infrastructure. It’s far from a market security buy-sell scenario – and just as importantly, it rewards strategic and creative thinking.

Free Land Really Exist

Property identification if the first and primary step for you where you need to show your selectivity and undergo some detective work in order to identify a suitable plot of property for you to stake a claim on.

An unclaimed property always has some signs which one can identify. Overgrown gates and gardens, shrub lands, unused garages, broken or bordered up windows, even unused commercial premises and industrial buildings can be examples of such signs.

Always remember that these signs are not very obvious. So if you drive around your neighborhood, you will surely miss these subtle hints. You need to walk around the locality to be able to spot such signs.

You need to do the Registration Check once your property identification is done. That is, you need to contact the local land registry in order to check whether the said piece of land is already registered or unregistered. It may also be that the status is pending first application.

Firstly, if the status is that it is already registered it might be that the owner has died and has no relatives of his or maybe that his relatives do not want this plot of land. The case may also be that the owner has permanently shifted abroad abandoning this piece of land.

Firstly, if it is registered this could mean a number of things like the owner has died and had no relatives, the relatives may not be interested in their share of the land or property or it might be that the owner may have just simply abounded it and moved abroad.

If the Land registry tells you that it is ‘Pending first Application’, they essentially mean that someone else has already beaten you to the land and claimed it before you. What you should do in such a case is let go of this plot of land and search yourself another unused and abandoned plot instead.

Once, you have checked the registration status of the promising piece of land, you need to trace its original owner next as because you will be asked to provide evidence of having contacted the person while you go ahead to stake a claim on any land.

An effective strategy would be to ask the immediate neighbors regarding any information about the owner. If they fail to give so try asking the post office, probate registry office (if he is dead), local landlords, milkman, newsagents and the like. You might also go and check the electoral roles.

Though it is not mandatory to provide any documents to the land registry, it is always better if you maintain an evidence of your claim commencement date. You can do this by drawing up a document and asking two of your friends or colleagues to sign as witnesses.

Doing things like putting up a fence or in fact a ‘No Trespassing’ signboard are good ways to find out quickly whether there are at all any owners to the plot of land.

Buy Land For Farming

Buying land doesn’t have to be tricky if you have the right people helping you every step of the way. You will need a team of professionals you can call like agents, brokers and maybe even a lawyer. Buying a farm is quite different then buying a residential lot. This may seem obvious but have you considered what it means to purchase bulk acreage. Have you surveyed this acreage and made sure that it will meet all your requirements?

First, have all your financial ducks in a row, so to speak before you even begin looking to buy land. You will be ready to buy as soon as you find what you’re looking for, if your finacing has already been secured.

Secondly, you should choose an agent who has experience with selling farm land since there are many specifics involved in terms of paperwork and land requirements that everyone will need to be on the same page about. The USDA’s website has all the documentation for many different types of land purchases.

Third, you should carefully examine the property, do not really on pictures or hearsay. make sure yourself, that everything you want is there. Do you plan on planting crops? Do you know for sure your soil is good and fertile enough for planting? Does it have proper drainage and irrigation?. Is there a place to put your equipment? Such as, a large barn, shed or other lot?

Lastly, have you done your research on insurance? You will need to know your options here as well as find someone you trust to help you cover all your bases. You need to insure your crops, even if it seems expensive, it will still be the best decision you made in case of a natural disaster which wipes out your harvest such as a tornado or a flood. In case of disaster, you shouldn’t rely on FEMA to save you. You should have a good insurance plan to cover your losses.

Need Land Surveyors

Legal Documents:

Legal documentation is the nightmare of every property buyer. Along with all the other necessities it also requires delicately calculated parameters of land distribution and other areas of the property. This way one learns about his rights and gets his legal permits to sue anybody who intrudes in his property. There are also cases when legal documentation are required for deeds, as the previous owner may have made any changes to it or it may be out dated. The surveyors help you to get rid of the major part of this ordeal the rest is not much of a trouble.

Boundary Disputes:

This problem is one of the most troublesome, when two neighbors have boundary disputes they end up at court but can be solved beforehand if they choose to go with a professional land survey and know what the surveyors decide. The use advanced equipments to calculate precisely and divide the boundaries in a rightful manner. Moreover, they guide both the neighbors about who owns which land and help them solve the dispute before it causes any financial or other loss to any of the both parties.