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5 Things To Watch Out For When Buying Land In California

We buy houses for cash in California. If you have a home in California that you need to sell fast, we can help. Buying land in California is an excellent way to grow your real estate portfolio. However, there are some things to watch out for before making a purchase. In our latest post, we will discuss what you should be aware of before buying land in California or the surrounding areas.


Buying land in California is a great way to generate profits using a completely hands-off investment. Most of the time, owning land won’t have any holding costs other than taxes. That said, not all lots are going to provide you with the same resale value or opportunities for development. Some lots may have unexpected costs, which will ultimately eat away at your final profit. Below, we will discuss some things you should watch out for when buying land in California.

Physical Issues With The Land

Some lots and plats of land have physical limitations preventing development and decreasing its overall value. Even if you don’t plan to build on it, not having the ability to do so when you want to resell it will limit the number of potential buyers you will find. There are many things that could pose an issue to development including topography, bad soil, groundwater, endangered animals nearby, old structures, foundations, tanks buried on the land, excessive growth, and piled-up junk can all pose a hindrance to development.

Availability of Utilities

California cash homebuyers

A lot with a good resale value will have utilities readily available. Raw land doesn’t usually have much value until the availability of utilities has been put in place. Your land value can vary depending on if a property is on the city water system, has a well, or a septic tank. In many cases, people can request utilities can be put in themselves, but the cost and time can both be excessive.

Deed Restrictions and Ordinances

When buying land, you will likely have a plan in your head of what you would like to do with it. If your plan includes development, you’ll need to make sure your plans are ok with the powers that be. Check with the city to make sure you aren’t in violation of any ordinances and that you won’t be hit with any building restrictions. Make sure that if the area is governed by an HOA, that your structure is approved and fits within their guidelines. The property will also need to be zoned appropriately. You can’t throw up a retail store in the middle of a neighborhood per se.

Accessibility

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For land to have real value, you’ll need to be able to get to it. Sure there are some people who want some land that is out of the way and not easily accessible, however, you don’t want to have to deal with easements or trespassing in order to get to your property. There should be some sort of road leading to the property, even if it is a windy one.

Flooding

Depending on where the lot is located, flooding can be a major issue. It’s not something you can necessarily see, so you’ll need to dig up some history for the area. You’ll need to check the elevation of the area in relation to what’s nearby to get a better idea of your flooding potential. You can call a surveyor to help determine your risk, so you don’t end up buying a piece of land that floods out each spring. You should also price out flood insurance. If the rates are high in the area, you may run into some roadblocks when you decide to resell.

While many people buy land to add to their portfolio, with big plans to profit, there are other people who have inherited or otherwise acquired land in Solano County but aren’t sure if they should hold on to it or sell. Every piece of property is different. Some can generate income, some should be developed, and other pieces of property should be resold, with the profits generated from the sale invested elsewhere. The right piece of land can be a very profitable and versatile investment when you know what to do with it. Below, we will offer 4 things you can do with land in Solano County.

4 Things To Do With Land In Solano County

Develop It

Solano County CA home buyer

Imagine the profits you could potentially generate from one small piece of dirt in Solano County. By taking a look at the property’s highest and best use, you’ll be able to determine just how the property should be developed in order to generate the highest profit. You could potentially buy a lot for a few thousand dollars, build an economically priced house in Solano County, and resell for a profit of thousands. You could also turn it into a rental property, helping to generate income for years to come.

Flip It

Maybe you have the opportunity to buy low and are confident you will be able to sell house for cash in Solano County at a profit. There are investors who specialize in this, buying and selling land as their main investment niche. It is easy to get started and the risk is relatively low. While this situation might seem like a no-brainer, you should always have a backup plan in case the sale falls through. Luckily, the costs to own land are not very much. But if you were counting on those profits to pay for another investment, you may be out of luck.

Lease It

Cash home buyers in Solano County CA

Yes, people rent out their Solano County. In fact, it may be more common than you think. Take a look at where the parcel is located. Could it potentially be used as parking for local events? Could a nearby business utilize it as designated parking solely for their customers? Other uses for leased land include farming, hunting, camping and even to your neighbor who may want to add the additional property. Before you attempt to lease out the land, make sure it is zoned accordingly. You don’t want to lease it to a business, only to find out they aren’t able to do what they had intended with it.

Hold It

Take a look at what the market is doing in the Solano County area. How has land been performing in comparison to other investment types? Has there been a steady rise in prices or has land value in your area stayed relatively stagnant? If you are deciding whether to hold or sell, you’ll want to learn about future development and how it will affect property values in the area. Development in the area could increase the demand for land, leading to a bigger payday for you. However, you’ll want to watch for rising property values. With higher values come higher taxes. Will these taxes be a factor for you? How long will you have to hold to see a profit? If you will need to hold for a long time before making any money, the taxes incurred should be factored into any potential profit.

Interested in more great articles, read this one about How to Sell Your Los Angeles House if You Live in a Bad Area.

Sell My House In Los Angeles County CA To An Investor

No matter which option you choose, make educated decisions by taking the time to understand all of your options. We’re here to assist you with your current situation. We are Solano County investors and we can buy your house from you. This means that you can sell a house for cash in Solano County directly to us no matter your situation.

When working with Sell Quick California, you don’t have to worry about fees and commissions! You can get a cash offer in just a few days as we offer cash for houses in Solano County County CA.

Do you want to learn more about buying land in California? We are here to help! Get in touch with us at 1-866-497-8248 or send us a message to discuss! We can go over your property and let you know its market value and get you on your way to selling your property.