There are over 2 billion acres of land in the United States. A vast majority of this was used for agricultural purposes, but this percentage is decreasing. Nowadays, commercial land development is one of the biggest uses for land.
If you are involved in the commercial land market, you know the importance of having a solid game plan. Sometimes you need to get outside help from land development companies to make your vision a reality.
You will also need all the accurate information you can get when it comes to carrying out your development project. The following are three tips you can put into action for your next project.
1. Know Where to Find Cheap Land
Finding cheap development land for sale should be one of your primary priorities. The cheaper you find your land, the more profitable your land development endeavor will be. Here are some ways to find cheap land.
Contact a State or County Land Office
State and county land offices are one of your best resources when it comes to finding cheap land. They often have a list of repossessed or discounted properties. Type in your state and county and find your local land office.
Look For Remediation Land
Land that has been damaged in fires, floods, or natural disasters can often be purchased for a low price. Keep in mind that this land may still be subject to the same disasters that affected it in the first place. Plan accordingly for this.
Watch for Market Fluctuations
The real estate market, like all markets, is subject to fluctuations. Make sure to buy low and sell high. Avoid buying land when the real estate market is inflated.
Seek Out Grant Money
If you are completing a land development project, you may be eligible for federal or state grant money. This can help finance the purchasing of your land. Not all projects are eligible for grant money, but research to see if yours is.
2. Plan Your Land Development
If you charge into your project without thorough planning, you will fail. Make sure to outline your building plan before breaking earth. This includes doing adequate research for environmental regulations and other ordinances.
Make a comprehensive budget to estimate how much everything will cost. Include timelines, materials needed, and estimated labor needs.
3. Hire a Land Developer for Specifics
There will be many specific parts of your development project that are best handled by a professional. Land developers can handle nuances such as earthworks much better than you can.
They also have all of the necessary training and equipment to make the process go well. Without a professional land developer, you will need to buy or rent equipment and pay employees to operate it.
Create the Future of Development
Commercial land development paves the way for prosperity. It is a vital part of our national interest. If you have some land development projects lined up, you need all the help you can get.
Rather than searching for “land developers near me” why not contact us? We are one of the top names in the business and can get your project done the right way the first time.