Tips On Investing In Okeechobee Land For Sale

By Daphne Bowen


When you build a house to your specifications, you get just what you want. First you have to invest in Okeechobee land for sale in your preferred neighborhood and price range. The prospects are open ended when you buy raw land instead of a pre-existing property. Ideally, you want to build something that speaks to your personal needs and falls within a prescribed budget. Next you must consider zoning and any local ordinances before you build.

Going this route will give you everything you require to maintain your current lifestyle and perhaps more. There are usually many properties from which to choose, so it pays to take the time to itemize your needs so nothing gets forgotten. Do you want the same living conditions or an improvement? Do you want to be near a school and parks?

When looking at raw land, keep in mind the size needed to satisfy the demands of your family and lifestyle. Do you need it to be near schools, parks, shopping, and restaurants? Is public transportation nearby? Many people forget to ask the fundamental questions before their search and are disappointed later.

The location is an important factor, but so is the actual nature of the lot. If it has at least a 2 grade, you will have easy water runoff to avoid flooding. It also should have ample space for a yard and/or pool. If you want a garden or guest house, add some footage to the bare essentials.

Next on the list are the utilities. The land must already have contracted for electricity, gas, sewage, and trash pickup. You should avoid transitional properties that do not have these in place. At the same time, if you find that there is water recycling, it will be a cost saver in the long run.

To calculate your budget, you will first consider the resale value of your home at the mid-range. After this you will itemize the cost of a replacement home, the same or better, on your lot. Add property taxes and you will have net expenditures. You will have to line up financing, of course, prior to any commitment. Banks will be difficult to work with on short sales or if there are any encumbrances on the property such as liens. If this is not all ironed out in advance, it could jeopardize the lot acquisition.

Most of the time, however, things go smoothly and you can start thinking about floor plan, style, and decor. High on the list are paint colors, trim, kitchen and bathroom finishes, landscaping, and location of the garage. Your builder will be the initial guide but you may want to hire the services of a professional landscape architect and/or decorator. If you think it through, you won't have to make costly upgrades later.

At this point you are well on your way to a new home built to your exact specifications. Several months later, you will occupy a brand new space that suits your lifestyle. Your family will enjoy their fresh surroundings and a new start. Raw land easily can become the beginning of a new abode.




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