Friday, June 15, 2018

Factors To Bear In Mind When Searching For Land For Sale In Okeechobee FL

By Carl Burns

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.

There is only one simple way to get the information you need in this regard. The authorities are always willing to share zoning information with those looking to do all manner of activities on their land. You do not have to worry about the bureaucracy that is common in official government related procedures. It is the information you receive that will determine whether your intended investment will be legally viable or not.

Zoning classification usually covers five areas. This includes residential, commercial, agricultural, industrial and mixed usage. Each of these classifications only permits the construction of specific types of properties. For this reason, you might want to ask the department what kinds of buildings you will be allowed to construct.

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.

Nowadays, you can do all the inspection you need without having to be on site in person. There are many free online tools to choose from, with Google Earth being one of the renowned options. This notwithstanding, you will require a good internet connection to view topographical features such as cliffs and hills clearly.

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.

Finally, make sure there are public utilities near the property in order to maintain its appreciative value. The only time you should not bother about this is if you plan to go off grid. Some of the utilities to watch out for include piped water, electricity and sewer lines.

About the Author:

No comments: