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

When entering this business, investors must do their research thoroughly. It is important to learn about the market and to understand when to buy.

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

Identify natural and man-made features (wetlands, steep slopes floodplains, historic structures, etc.).
Obtain title report to know existing easements, restrictions, and covenants
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