It’s ironic that buying vacant Cape Coral lots for sale somehow requires more spadework than purchasing a pre-existing structure. Demand Media’s Steve Lander writes about how empty lots can become chock-full of investment opportunities, in his article for Global Post:
The extra work that you have to put into vacant land to turn it into a livable property is well worth the effort. By buying a piece of vacant land, you get control over where your house will go even if you aren’t ready to build. When you are ready to improve your land, you can improve it in the exact manner you desire, which should give you a better home and save you money.
Buy low and sell high
An empty lot would definitely cost less than one that isn’t. Forward-thinking buyers select a location they would like to settle or invest in, then buy now while prices are low, direct from owners or through accredited businesses like Cape Coral Lots. This gives them the option to sell later on once the property appreciates, or the opportunity to live there. Just be aware of any zoning rules before you close the deal.
Income potential
Your new patch of land could actually pay for itself while you hold on to it. Being the landowner, you are entitled to use whatever resources are sitting on your property. For instance, if the lot is wooded and you have no use for the timber, you could sell the rights to harvest it. You could also lease the land to farmers for planting, if it doesn’t violate any zoning or homeowner association rules. Once you’re ready to build on the property, the lease can be cancelled.
Best positioning
Owners who choose to settle down on lots for sale in Cape Coral have the luxury of building their home exactly the way they want it, instead of spending money to remodel an existing home. They’ll be able to choose the best position for certain rooms in relation to the sunlight and ocean conditions. It’s definitely more work than remodeling, but it’ll all be worth it once you’re all settled in a house that suits your needs to perfection.
(Source: “The Advantages of Buying Vacant Land”, The Legal Examiner)
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