In the past year, there has been a 43% increase in the number of commercial leases. This means that more and more business owners are looking for and buying or renting commercial spaces. If you are a savvy investor looking for a new opportunity, then investing in land to develop as a commercial property is a good idea.
Once you start looking, you may be surprised at the amount of raw land for sale in your area. Allowing a third-party to inspect a piece of land before signing off on it is a must. This can help you avoid a case of buyer’s remorse at a later date. Read below to find out more about the benefits of developing a piece of raw land.
Great Potential For Appreciation
Making money on a new investment can be difficult. If you want to last in the investment industry, you need to develop a knack for finding good ideas to put money into. When trying to vet a potential investment, most entrepreneurs will consider the potential it has to appreciate over time. Being able to buy a piece of land at a low price point and sell it at a high one can help you build your real estate empire in no time.
Successfully developing a piece of raw land will be difficult. However, if you find the right supplier of topsoil, fill dirt and crushed concrete, this process will get a lot easier. The team at Griffin Contracting works hard to provide turnkey solutions for builders and developers. They can also help you with your material supply needs via an affiliated company known as Griffin Materials.
A Less Competitive Market
The world of real estate investments is a highly-competitive one. Newcomers to these types of investments typically have a hard time finding affordable real estate in their local areas. If you are looking for a lucrative investment that has a low competition rate, then investing in raw land is a wise move.
Many investors are searching for properties that are already established. The only way to make your raw land investment lucrative is by developing properties on it. If you get a great deal on a piece of raw land, you should have no problem building structures. Working with a real estate agent that specializes in commercial land is crucial when trying to find the right properties to invest in.
Generate Income By Offering Seller Financing
Traditional lenders are usually hesitant to provide loans to people trying to buy raw pieces of land. If you own the land, you can offer potential buyers financing. Charging interest on the loan you provide to a buyer will help you make money over time. If you make it easy for a buyer to invest in your piece of raw land, you can reap lots of financial benefits in the future.
Griffin Contracting is Here to Help
Do you need site prep or earth moving services? If so, contact Griffing Contracting to find out how we can help.