Have you considered purchasing vacant land these days?  Is it a good investment?  Well, you've probably heard it said, "they're not making more of it"...   How true is that statement!  Whether you are in the market for a dream lot with future plans to build your retirement home, a farm, or maybe commercial property for a business idea you have, even a lot just to park a camper for quick getaways, whatever the reason, land will always be a good investment if you are careful to consider what your intended use of the land is and how well the parcel you want to purchase supports your intended use.

If you are thinking you might live on the land at some point, then consider water, power and septic.  Will the land support a water well if public or community water is not available?  Will the land pass a perk test for a septic system?  Also, vacant land can be more difficult to sell in a time of crisis since most people tend to search for an existing home.  But land prices do not fall as much as an overpriced house if the housing market is overbuilt lending itself to the old adage, " they're not making more of it".

Be sure to consider other snafus that might occur when purchasing undeveloped land, such as: 

Will the land support the structure you want to build in the spot where you want to build it?

If your investment is for a business, ask yourself, "If I build it, will they come"?

Access to the land

Is there a recent survey, if not, have one done since property lines may not always be well defined

Zoning restrictions or (lack thereof)




The old stand by is still true, if you are thinking about purchasing undeveloped land, keep in mind, location, location, location!  Consider capital gains tax if you are purchasing raw land strictly for resale

The market is offering the greatest real estate opportunities anyone has seen in the last 25 years.  In the past, many people have been priced out of lakeshore property but in today's market, you might even find that you can afford that lakefront parcel now.  In today's declining market, now just might be one of the best times to buy land well in advance of your intention to use or build on it.  Over time, the price of land may very well increase faster than the cost of building a structure on it.  After all, "they're not making more of it". 

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I will be delighted to assist you with your search for Georgia Mountain Land and/or Homes including Foreclsoures and Pre-Foreclosures.  You can be assured that you will be treated with respect, fairness and professionalism.  Contact me about Buyer Representation.  I look forward to hearing from you.

CLICK HERE:  NORTH GEORGIA FORECLOSURES, BANK OWNED PROPERTIES

Donna Yates, Georgia Realtor
Coldwell Banker High County
706-632-7311 x252 office
706-633-0644 cell
email:  donna@ellijay.com

www.donnayates.net > Georgia Real Estate

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