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Category Archives: Real Estate

Use Land Wisely

These days entirely self-sufficient communities are being built. This is where you can live, work, shop, and participate in recreational activities within the boundaries of the community. Such places are especially popular with retirees and senior citizens. Knowing what kind of a community people want to live in will definitely help you develop your land wisely. Then it will prove to be a fantastic investment for you.

In another smart use of the land you can find property acquisitions that will allow you to construct commercial buildings. This is a very good move. People need places to work, places to shop, places to go for sporting events or cultural activities, even places to study and do research for school or for a job – like libraries. Again, find out the needs of the townspeople in the land you bought. Then plan a project that they can benefit from and improve the financial well-being of that town.

An entirely different way of wisely using land is to leave it in its natural state and develop it just enough for people and wildlife to visit. We’re talking about places such as national parks and forests; or land that includes a body of water – like a natural lake or a small pond or even a fountain or a waterfall. All living creatures great and small, animal or human can enjoy such land. Maybe you own a piece of property near an ocean or an even bigger lake that contains a beach. Think of what a wonderful thing a private or public beach can be for local residents and out-of-town visitors alike. This is a wonderful use of both land and water. While they are there they are likely to be able to observe water birds and fish and other types of creatures that inhabit a beach.

Yes, there are many ways an owner of some land can develop it in a wise manner. All it takes is some research and patience; as it will not be an overnight project. However, if you are prepared every step of the way, one day many, many people will get to enjoy the fruits of your labor. With this advice in mind, go ahead and invest in some land. Think of all the people that did this before you. You will realize that you too can succeed in using your land wisely.

Real Estate Raw Land Grab

Others on the Democratic side of the coin believe that there should be land set aside for the public, and that it’s not fair if everyone develops their property anyway they’d like because that would make the cities unlivable, and take away from nature. Then there are those land conservation groups and nature conservancy groups who are willing to split the divide, and take on donations, or match with government funds the ability to buy property from those who own it, and then they can set it aside because they have property rights which allow them the freedom to not develop their properties.

That makes sense right? Well now due to the global economic challenges, real estate in many parts of our country is still very depressed. That means there are big chunks of land available for sale for much less than they ever have been in the last 30 years. Many conservation groups have prime pieces of real estate that were set aside previously, and they can sell those now for a huge profit, and therefore use that money to buy even more land. That makes sense too.

Now then, a word of advice; those Nature Conservancy type groups should indeed buy up these properties before the economic recovery has all the prices of that type of real property increasing at a rapid rate. Indeed, they may even wish to buy more than they need, and hold some of that property to sell for later at a profit to buy even more property thus parlaying their investment in open space, and undeveloped land.

Land Surveys Are An Important

First it is important to determine the reasons behind the purchase. There are many common reasons people look to buy land that is not developed such as; building a home, creating a residence for vacationing or for an investment. Sometimes you can have an interest in purchasing the piece of property for a combination of the reasons listed above and for each a different list of considerations and priorities will need to be met through the property.

When looking for a primary residence you are looking at aspect such as privacy, easy access to the town, close schools and playgrounds or even the idea of being close to, near or on water.

If you are looking to build a vacation home it may be important that you are surrounded by things to do. If hiking interests you than a location close to the mountains may be important.

If you are looking into property as an investment you will be considering the market, the location and the potential growth of the area.

It is important to remember that purchasing a piece of land is a personal decision and the requirements for how the land will be used and why are unique to the individual purchasing it.

It is also important to figure out what kind of return will be made upon selling the property. Consider other parcels located within the area you are looking to purchase. If you are purchasing the land as an investment you are looking for areas that are areas considered to be good for potential future growth.

Another thing to consider is if you will need to proceed with obtaining a new mortgage or will you are able to proceed with the purchase as a cash purchase. Many people feel getting a mortgage is a difficult step in making a purchase of this magnitude. I however disagree and believe it is harder to pay the mortgage off not get the mortgage in the first place. If you can’t pay for the property you risk having it foreclosed leaving you without money or land.

Information of Private Property Rights

An owner of private property has the:

a. Right to use his land;
b. Right to rent his home or land;
c. Right to decide who the renter can be;
d. Right to decide how land or rights or portions of land can be used or not used as long as it does not harm society or the public;
e. Right to collect all rents the land produces;
f. Right to give, sell, rent any of the rights an owner has in the land;
g. Right to exchange or give away or sell at any price the owner wants to charge that a buyer or receiver is willing to pay or accept.
h. Right to exchange or sell the lands resources with someone willing to trade;
i. Right to have exclusive rights and use of the resources on the land;
j. Exclusive rights to use and choose which portions of the land and rights to use at any given time.

Restrictions and controls on private real estate obviously have a negative affect on a free country. The value of land and real estate is determined by the demand and desire of others. The highest and best use of the real estate or land is influenced by what the public perceives it is and what they feel they can do with it and what the highest value and best use is that the property commands. The owner gets the choice to either sell or rent for that highest paying use or may choose to allow or rent or sell for a lesser use for less money. Private property rights are the prevailing force of land control and control of natural resources in a truly free society rather than government control or control through destructive competition.

All property or real estate enjoys the same rights. Rights an owner has in real estate vary property to property even when next door to one another. The more complete the private property rights an owner has in his land, the more people understand those rights, the more people will pay or compete for a property with more complete owner’s property rights, all other influences being the same. Would you pay more or less for 10 acres that you can never build on due to restrictive land use laws versus similar 10 acres you can build 10 homes on and you can build anything you want on?

Land use controls imposed by the government do not reduce the need for desire or demand for housing or land and devalue land that is overly restricted. Individual liberty are protected by private property rights. Private property rights are human rights.

Manage Hunting Property for Sale

Water bodies
Next is check out for the presence of river, ponds, swamps, lowlands, or lakes in that region. These are the source of water for the wild animals. They flock at these rivers or lakes etc during the day to quench their thirst and in summers to keep themselves cool from the heat of the scorching sun. Presence of another water body anywhere nearby or around the hunting property is an added benefit for you.

Farmland and crops
Some hunting properties have crops grown on them. Farms or cropland not only add beauty to the land but also become the source of food for different kinds of animals. For example, animals like deer and grouse are attracted towards sunflowers, cloves and corns crops. A farming land nearby the hunting property will also benefit you as animals are bound to come in the region for food. More food and water for animals make better chances of their breeding. You as a buyer should be aware whether the kind of crops grown here are attracting the wild fauna or are they just not much use for a hunting property.

Hunting Property Management
These days Hunting Property Management is getting popular. People buy a land and especially prepare it as a hunting land or property. They groom, enhance and maintain land for developing and harvesting wildlife. They use many techniques such as planting food crops or plots, making the terrain, developing herd and maintain water body etc. Such management techniques help in better breeding of wild animals and improving herd quality. Such lands are in great demand. The quality of such lands makes them expensive as they completely fulfill all the parameters of a good hunting property for sale.

Some Factors to Consider Before Buy Land

Proximity to office or place of work

That you have become a land lord is not a reason why your work or business should suffer. This is an important factor to consider before embarking on a building project. I have seen people who have to abandon their business in the city because they moved to their own house in a remote part of the state.

Thereafter they would not be able to make money the way they have been doing before becoming a landlord. Houses that are in far remotes areas could be let out pending the time the owners would be buoyant enough to shoulder the challenges of living there without any regrets.

Proximity to electricity

Electricity is an essential factor to be considered when planning to build your home. Running a home without access to electricity could be very costly and frustrating. It will impact negatively on your budget. It may even impact negatively on your health.

It may not be readily available in your proposed estates at the time of buying the land but it should not be far from its vicinity. The cost of installing electricity to the site should however be friendly and easily affordable if it is to be installed in a short time.

Proximity to telephone / internet networks

The world today revolves around technology, and telephone and internet are major drivers. However it is not unlikely that these services are yet to be operational in several places.

Living in areas without telephone and internet access is like living on an island. In this global village that we live you will do well with good telephone and internet access without which you are not accessible, and cut off from the world of information.

Proximity to Bank/ATM

You will always need cash to run your life and home. Especially in an environment where e-commerce is still unpopular and many businesses still rely on traditional method of selling, there will be dependability on cash all the time when you are in your new home.

Unlike in the past when you can keep cash at home for as long time as possible the current security challenges faced by many countries does not allow the storage of excess currencies at home.

Access to a bank or an ATM would take off the burden of keeping and accessing cash as at when due, because without access to cash one could be stranded in the home. A situation where one will have to travel hours before accessing bank or ATM services should be avoided when conceiving the thoughts of building your own home.

Get Financing for Land

Research is really the number one key when it comes to finding great rates for land and lot mortgages. One of the best rates in the country rate now is lending to 38 of the states with 80% loan to value ratio and 3% interest rate; this is the type of find you have to jump on when they come along. These figures are certainly not average. Today the average loan to value ratio is closer to 60% with interest rates in the range of 6-7%. This is a significant jump from the numbers posted above and in some cases these higher percentages can make or break your dreams of buying your own lot and building your own home.

In order to be approved for one of these hard to get mortgages you will have to have several requirements met. First, you must have a satisfactory income to debt ratio of no more than 45%, the ability to come up with the down payment, 20% if you can find a good lender with good rates but this can be up to 40% in some cases and a credit score in the 700s to qualify without any problems. Also as a first time buyer it is important to note the other costs associated with your new purchase:

• Closing costs of about 1-2% of the entire loan amount
• Appraisal fees ($400-$600)
• Title fees

Many first time buyers are not aware of these additional costs and it can really harm your bank account when you do not budget accordingly.

Real estate professionals believe there is no better time than the present to be purchasing vacant land around the country. This aspect of the real estate market was hurt just as badly as residential homes and therefore there are many people around the country trying to unload their land lots to prospective buyers like yourself. In the past it was a profitable market to take vacant land and flip it but after the real estate market crash this business has become obsolete. Now is the time for home builders to find the lots of their dreams and begin building.

Buy and Sell Land for Investments

There are many different ways to find land for sale. This is where that mecca of research known as the internet comes in handy. Typing in ‘Land for Sale’ in your search window will lead to a variety of people trying to unload land. However, like all forms of investing if you do not know what you are doing, you will not succeed. It is best to find cheap land for sale or land with payments for your initial investment.

The truth is that an investment is not worth the effort if it means compromising your finances in order to acquire it. The best method is to buy cheap land for sale preferably not far from a metropolitan area. Everyone knows that cities expand. The key is to hold on to that parcel that you purchased until people start migrating towards your land. Then developers will ‘discover’ you and will make you a substantial offer for your land.

Before you realize it that cheap land for sale made you a lot of money. However, the word cheap is subjective. While certain pieces of land may be listed as cheap. They may be too much to purchase right out. In this case it is better to look for land with payments. Payment plans are structured with your budget in mind, so even if it takes 20 years to pay off that land, you will not go broke in the process. If a developer does want to buy your land, that payment can be used to pay off the remaining balance and leave you with some cushion. The next step should be obvious: sell your land.

In order to successfully sell your land you must advertise your land. There are different ways to do this. Advertising online is perhaps the best way since you will reach the most people. It is best look for websites that specialize in land sales. These sites will give you the tools to sell your land and reap the rewards from that sale. Another way to advertise your land is by using social networking sites. There will not be a service fee and people might be more willing to buy from a friend (even if it’s just an online friend).

Used to Value Land

Although total property estimation may be brought forth from direct comparison or income approaches without separating land and building values, it may be needed to value the land separately to detach the land figure from the overall real estate worth. In the cost approach, it is an absolute necessity to estimate land and improvements separately.

Creating an opinion of land value can be presented as a separate hurdle in the valuation process. You may use several techniques to attain an expression of land value including the following:
– Direct Comparison
– Extraction
– Land Residual
– Ground Rent Capitalization
– Subdivision Development
– Allocation

Usually the most accurate and effective of the techniques to derive a land value is the direct comparison approach. However, when there are a limited number of sales available or when the estimate produced needs addition support, other techniques could be used to back up the comparison approach such as the ones previously mentioned. With the allocation technique, either sale transactions of improved properties may be analyzed or the total prices paid would be allocated between land and the improvements. Comparable sites under development may also be analyzed and the cost of the finished properties should be allocated between land and improvements or buildings. Under the extraction technique, land value is determined by subtracting the estimated value of the depreciated improvements from the known sale price of the property.

The other methods of land valuation that were mentioned all use Income Capitalization. Using these techniques are subject to more limitations and are used less often in the estimation of land. The subdivision development technique is a special method useful in specific land use cases. The land residual technique is used most often the highest and best use analysis to test the feasibility of different uses that to value land as part of the traditional approaches to value. The ground rent capitalization can be used when land rents and land capitalization rates are available in the focused market or area. A comparison of that information will then be cross-referenced to the subject land in need of an estimate.

All about Island Real Estate

Living by the beach offers a lifestyle that is unrivalled by any other. The water being so close allows the ability to partake in activities that deviate from the monotony of everyday life with ease. Fishing, swimming, kayaking, diving, boating or just relaxing by the beach, seaside living offers the extraordinary every day with such great ease-of-access to what most would consider luxuries. Santo Vanuatu real estate provides a completely different way of life, while seaside living in Australia can keep you close to the ease and comforts of the big city.

Some of the benefits of seaside living are quite obvious; picturesque scenery, being close to the ocean and enjoying the sun is everything people imagine when they imagine living by the sea. Don’t forget about the health benefits gained from looking at Santo Vanuatu real estate. From the Vitamin D the sun provides, to being able to take a stroll along the beachfront every morning and night, seaside living leads to a healthier lifestyle (as well as a more fulfilling one).

Seaside blocks of land are also seen as sound investments. Anything with an ocean view is unlikely to depreciate in value due to the high demand for this more luxurious lifestyle. The opportunities for investment in Santo Vanuatu real estate extend to renting out long term or temporary accommodation, and if you’re willing to put the time and money in to a property like this, you’re likely to see a very pleasing return.

Whether you’re looking to invest in a property or settle down with the kids, there’s no place like the sea, so why not live next to it? Healthier lifestyles, financial security and a better way of living are all available with seaside property. Whether it’s a small island in the pacific or the coast or Australia, the benefits are definitely worth your consideration. There are blocks of land for sale all around the world that could change your life – you just need to find them and take the plunge.