6 Great Ideas For Your Newly Purchased Land
Looking for great ideas for your newly-purchased land in Florida? Or perhaps you are in the market to buy land in Florida. Either way, you have come to the right place. The Lee County real estate market is in a good position for individuals or investors to buy land. That means that if you are looking for a vacant land contract in Florida, Lee County is the place to be.
But what do you do with the land once you have it? There are several options to consider when dealing with newly purchased vacant land. Check out these six great ideas for your newly purchased residential or commercial land.
Why Buy Undeveloped Land?
Before we dive too deep into what to do with your land, we want to take a minute to discuss why it is a good investment opportunity to buy undeveloped land. There are many attractive reasons to buy undeveloped land including flexibility, lower maintenance costs, less competition, and high potential return on investment. It is important to note that local laws, regulations, and zoning may have an impact on your ability to develop or change the land. Be sure to consult with a Lee County real estate agent or another experienced professional to find out what regulations apply to your land.
Residential Land Ideas
Vacant land can be perfect for hunting and/or fishing purposes. The best part? You don’t have to be a hunter yourself for the land to be used this way. Some hunters will pay to have access to premium hunting land during the hunting season.
Camping is a great way to get away from all the noise and stress of everyday life and it can be done alone or with the whole family. Convert your vacant land into your own private campground for some well-deserved rest and relaxation.
Another great way to use your newly purchased land is to convert it to a recreational playground! The possibilities are endless (within the limits of the law and local zoning regulations). Some general ideas may include an ATV track, horse trails, paintball course, gun range, bike riding, outdoor sports arena, etc.
Commercial Land Ideas
Storage facilities cost a pretty penny to build. However, after they are in place, they have very little operational costs associated with maintaining them. That means that they are basically all profit, making them a solid investment opportunity for any real estate investor with the right plot of land.
If you are interested in contributing to the community and doing something with your commercial land, consider building a community garden. There is very little maintenance required and you will add value to the community. Simply till areas of land are available for public use and rent out each plot for a small monthly fee.
Camping is great for residential properties but it is also a great investment for commercial properties as well. Campgrounds can range in offerings from full hookups with cabins, RV sites, and a clubhouse, to empty land with clearings for tents. This can be a great way to use up extra undeveloped land and generate income in the process.
These are just a few of the many ways that you can use your newly purchased land to work for you! Contact Alec Salameh today to find out more about Lee County real estate options.