Whenever I think about buying investment land, I can’t help but hear the theme song for that 1960’s TV show running through my head: “Green acres is the place for me.” Laugh as you may, urban dwellers often idealize what it’s like to live on acreage outside city limits. So before you decide to dump it all for “give me that countryside” and buy land on which to build your dream home, consider first the realities.
Land costs drop in the country. The further away from the city, the cheaper the acreage. Many people are interested in Florida land sales because they want to build a custom home to their own specifications. They also want cleaner air and more space. Wide open areas without trees shading the house are perfect settings in which to install solar panels, which is a concern for many environmentally concerned buyers who use green building materials.
If you are unfamiliar with an area, it might be a good idea to rent a home first before buying the land and beginning construction. As a new resident, you can get to know the community first hand and hear stories from local owners that you won’t hear if you pull up in an SUV with a fat wallet in your pocket asking about MLS listings. Resale value is often softer in the country than the city. That’s because the pool of potential buyers is smaller. If demand is low and supply is high, home prices will be more negotiable. As a tenant, you can try to time the real estate market and be ready to buy that parcel of land when it first becomes available.
If you are ready to buy investment land for sale, give 9 Core Realty a call at (239) 333-2221. Our large property catalog includes many lots that are perfect for building your Florida dream home!