Weigh These 5 Site Characteristics Before Buying Raw Land for Development in Wilmington (28401)

Looking to invest in undeveloped land? Read this blog post to learn how to weigh these 5 site characteristics before buying raw land for development in Wilmington (including the 28401)

Want to buy land within the Wilmington area? A lot of investors love vacant land as an investment! If you’re thinking about doing a land deal, make sure you weigh these 5 site characteristics before buying raw land for development in Wilmington.

Weigh These 5 Site Characteristics Before Buying Raw Land For Development In Wilmington

Site Characteristic #1. Legal Area

In many residential areas, boundary markers like fences, sidewalks, and roads mark the legal boundaries of a home. But with vacant land it’s not always as clear. Depending on where the land is, it can be difficult to tell where your property ends and another one begins. Before you even invest, make sure you know exactly where the legal boundaries of your property are so you don’t develop beyond those boundaries.

Site Characteristic #2. Zoning

Municipalities will zone different areas in order to control growth. After all, no homeowner wants a garbage dump or noisy factory beside them! Zoning will restrict what you can build.

So, if you’re investing to develop the land, or if you’re planning to sell to a developer, make sure you know what can be built on the property.

Site Characteristic #3. Drainage

When it rains, a lot of the water soaks into the ground. But in a heavy rainfall, not all of it will immediately soak in! When it rains, or when the snow melts, where does the water go? Knowing the drainage lines of your property will help you know where to develop (so you don’t build a house whose basement always floods!)

Note: even if you don’t like the drainage line, you can often change it (within reason); however, it’s good to know where the water drains before you start building any structures!

Site Characteristic #4. Stability for structures

Vacant land has so many promising possibilities but not all land is appropriate for every use. The make-up of the soil will determine if and where a structure should be built on the property, and even how deep you need to dig for a sturdy, dry structure.

Site Characteristic #5. Path of growth

Want to know the best place to buy vacant land? It’s easy: in the area that’s going to be developed in the future! The value of your investment will rise as demand increases for the land around it. So, determine the path of growth so you can know where your next land investment should be.

Summary

Vacant has historically been a compelling investment. (After all, ALL land was vacant at some point!) If you want to buy land within the Wilmington area, make sure you weigh these 5 site characteristics before buying raw land for development in Wilmington.

Want to see what vacant land investment opportunities are available in Wilmington? Click here and fill out the form or call our team at (910) 218-0758

Jerry

Jerry has been involved in real estate for over 10 years. He graduated High School and enlisted in the Army, where he excelled in the Elite Army Rangers. Unfortunately, he sustained a major injury during a training exercise and was honorably / medically discharged after 4 years of service. He decided to attend Appalachian State University for both his undergrad and grad school with emphasis on Systems Engineering and Virtual technologies. He went on to work for multiple fortune 100 companies as an Engineer. Jerry stumbled into real estate investing with his father after deciding to fix up an old house down the street from his childhood home. After that house Jerry never looked back. Since then Jerry has helped hundreds of homeowners in selling, buying, and renting properties. Jerry has a GREAT team that works day in and day out to help homeowners sell their properties to local investors like himself. Contact Jerry info@homebuyers-nc.com

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