Land Development Process
Any type of investment must be able to generate consistent cash flow. Fortunately for investors, land development offers the highest reward. Furthermore, land is a limited resource, which makes it extremely valuable today. Your land’s value can increase exponentially if it’s located in an area that is headed towards development.

Of course, any investors should perform their due diligence thoroughly when entering this business. It’s critical to educate yourself on the market you plan to invest in, and understand when to buy and look at the growth in the surrounding area.

There are several things you should consider before buying land. These include the land’s features and potential limitations. Here’s a checklist of things to consider when buying a land:

Identify natural and man-made features (wetlands, steep slopes floodplains, historic structures, etc.).
To find out about existing restrictions and easements, obtain a title report
Understand the permitted use for the site
Know the site regulations for your proposed use
Obtain zoning approval
Understand if the site serves utilities such as water and sewer