Benefits and Location of Purchasing Undeveloped Land in California
Have you considered investing in California real estate? Unsure where to start? Why not start at the beginning, the very beginning. California is one of the most in-demand locations in the country for real estate, making it an incredibly in-demand market for real estate investors. However, over recent years, the concepts of “living off the grid” and purchasing undeveloped land as an investment have become more and more prominent. While living off the grid is a topic that seems to polarize potential home buyers, with them either loving the idea of being completely self-sufficient or completely detesting the idea, investing in the undeveloped land seems to have more obvious benefits.
Undeveloped Land is Becoming Scarce
Purchasing undeveloped land in the state of California is perhaps one of the most surefire ways to ensure that your California real estate investment will earn you a profit. Although there is definitely a market for already developed housing, undeveloped land is becoming increasingly scarce, and will, therefore, continue to grow in demand. Depending on where the lot of land in question is located, it will no doubt catch the eye of real estate developers, agricultural workers, and commercial developers.
Location! Location! Location!
As with all real estate, one of the most important factors when deciding to purchase an undeveloped lot is its location. Prime locations offer either easy accessibility to scenic views or are situated within the Greater Los Angeles Area.
The Price is Right
Although prices vary, in the majority of cases undeveloped land is notably cheaper than land that has already been developed on. This can be a huge benefit to someone who is not really looking to develop themselves because, as stated above lots of lands – especially those in prime locations – are continuously increasing in demand.
You Decide What Happens
If you are looking to develop on a lot of lands then you are free to do so at your own pace, meaning that once you own the land it is your call as to when – or if – you apply for the permits and licensing to develop on it. This can be an ideal situation for someone that is looking to invest in real estate but is unsure of where exactly to start. Undeveloped land means that you do not need to worry about building patience or upkeep, nor do you have to concern yourself with tenants, and making sure that you are filling any and all vacancies.
Current Listings
Anyone who knows anything about real estate will tell you that listings change constantly, and while this is true, keeping an eye on the market is a necessary step to ensure that you are not overpaying and that you are getting the best lot of land possible in your desired location. Currently, there are numerous lots of land listed for purchase in popular locations like San Bernadino County, Mariposa County, Riverside County, San Diago County, Sacramento County, and Edwards Kern County. Lot sizes vary anywhere from 1.25 acres to well over 5 acres, with prices increasing appropriately.