Vacant land is often one of the least considered options when it comes to real estate investment. For the everyday investor, the best way to get value for money is to go for developed property. This is despite the fact that vacant land gives one a ton of options when thinking about development possibilities. Read on to know how best to go about getting good land for sale in Okeechobee FL.
For starters, you want to find out what the zoning laws in the area state. According to official figures, a significant part of Florida consists of urban areas. This has led to different zoning laws in various areas, for instance Okeechobee. These laws give guidance on land use by area.
Fortunately, understanding the laws within your area of interest should be easy. You can get all the information you need by getting in touch with the local zoning department. This kind of information is always accessible in an instant to all members of the public. Once you identify the zoning classification, you should be able to decide whether the property is the right choice for what you plan to use it for.
Zoning classifications often constitute five aspects. A particular area can be classified as residential, agricultural, mixed use, commercial or industrial. The authorities are often strict when it comes to enforcing the law, so you cannot build condos in an area designated for agricultural use. Ensure you inquire about the types of buildings permitted within the jurisdiction beforehand.
Topographical and geological aspects are equally important to bear in mind. The subsurface terrain in most of Florida is known to harbor vast deposits of limestone. As such, some areas in the state often make news headlines owing to the proliferation of sinkholes. Also be sure to check for flood zones, ravines and cliffs. A parcel with a very steep and uneven surface may pose a serious challenge when it comes to construction.
These days, you need not spend money to travel to site so as to inspect topography. Google Earth is one of the free tools that you can use to check topography right from the comfort of your house. Nevertheless, you will need a pretty strong internet connection to be able to get a clear view of any hills or cliffs that may be present.
Taxation is a significantly important factor too. It is billed annually based on the value attached to property. A large parcel is certainly bound to attract a higher tax rate than a smaller one. Just approach the authorities beforehand to find out what your options are. Even then, most American jurisdictions charge between one and four percent of the property value annually.
Lastly, you want to ensure the property lies close to the public utilities in the area so as to maximize its resale value. The only exception is if you intend to use it for off grid living. Public utilities to expect include sewer lines, water reservoirs and electricity.
For starters, you want to find out what the zoning laws in the area state. According to official figures, a significant part of Florida consists of urban areas. This has led to different zoning laws in various areas, for instance Okeechobee. These laws give guidance on land use by area.
Fortunately, understanding the laws within your area of interest should be easy. You can get all the information you need by getting in touch with the local zoning department. This kind of information is always accessible in an instant to all members of the public. Once you identify the zoning classification, you should be able to decide whether the property is the right choice for what you plan to use it for.
Zoning classifications often constitute five aspects. A particular area can be classified as residential, agricultural, mixed use, commercial or industrial. The authorities are often strict when it comes to enforcing the law, so you cannot build condos in an area designated for agricultural use. Ensure you inquire about the types of buildings permitted within the jurisdiction beforehand.
Topographical and geological aspects are equally important to bear in mind. The subsurface terrain in most of Florida is known to harbor vast deposits of limestone. As such, some areas in the state often make news headlines owing to the proliferation of sinkholes. Also be sure to check for flood zones, ravines and cliffs. A parcel with a very steep and uneven surface may pose a serious challenge when it comes to construction.
These days, you need not spend money to travel to site so as to inspect topography. Google Earth is one of the free tools that you can use to check topography right from the comfort of your house. Nevertheless, you will need a pretty strong internet connection to be able to get a clear view of any hills or cliffs that may be present.
Taxation is a significantly important factor too. It is billed annually based on the value attached to property. A large parcel is certainly bound to attract a higher tax rate than a smaller one. Just approach the authorities beforehand to find out what your options are. Even then, most American jurisdictions charge between one and four percent of the property value annually.
Lastly, you want to ensure the property lies close to the public utilities in the area so as to maximize its resale value. The only exception is if you intend to use it for off grid living. Public utilities to expect include sewer lines, water reservoirs and electricity.
About the Author:
Get an overview of the factors to consider when purchasing property and more information about land for sale in Okeechobee FL at http://www.tucker-group.com now.
