Land Development Process
Any type of investment must be able to generate consistent cash flow. Fortunately for investors, land development offers the highest reward. Furthermore, land is a limited resource, which makes it extremely valuable today. If you purchase a piece of land in an area that’s headed toward development, your land’s worth can exponentially increase than your purchase price.

When entering this business, investors must do their research thoroughly. It is important to learn about the market and to understand when to buy.

There are several things you should consider before buying land. These include the land’s features and potential limitations. Here is a list of things you should consider when purchasing land.

Identify natural and man-made features (wetlands, steep slopes floodplains, historic structures, etc.).
To find out about existing restrictions and easements, obtain a title report
Learn about the permissible uses of the site
Find out the regulations applicable to your proposed use
Obtain zoning approval
Understand if the site serves utilities such as water and sewer