Thousand Lakes Realty
Eric Ristey
 When it comes to getting vacant land for recreational purposes there are things you need to do to get the best out of your purchase. Some of the pros and cons of investing in vacant land

Pros of Buying and Selling Vacant Land

Let’s start with analyzing the positives of vacant land investment in Wisconsin

 Low Initial Cost
Purchasing vacant land requires low upfront costs. Unless you aim to buy vacant land in an already-developed or particularly in-demand area, you may not need to acquire the capital that residential or commercial real estate requires. A lower upfront cost can lead to greater returns and minimize potential losses. In many cases you can purchase property with as little as 10% down.

 Little Maintenance

With vacant land, investors do not have those additional maintenance costs unlike homes and commercial properties that need constant maintenance because they deteriorate as they are exposed to the elements and tenants, which means investors must continue to reinvest capital into their properties to sell or rent the buildings.

 Big Opportunities
Investors can create a chance of turning a profit by purchasing a valuable plot of land. It just takes research, patience, and the ability to evaluate properties The possibility of making significant financial gains from the buying and selling of vacant land can make it a great opportunity. Whether you are an experienced landowner or someone just getting started, there is an immense opportunity for those who want to buy and sell vacant land. 

 Cons of Buying and Selling Vacant Land
Despite the positive effects of investing in vacant land, there are a few drawbacks that you will need to consider before completing a purchase. It is highly recommended to consult with a local Wisconsin real estate agent before embarking on a certain transaction before them to determine the best property for your interest. 
Permits and Approvals Required If you intend to develop on the land, you will need to obtain several permits and may need to tap into public amenities such as sewer services, water lines, and the electrical grid. You may need zoning permits, and building permits, and depending on your property location. This is why Secluded Land Company provides each near with a written guarantee of buildability. They have done most of the homework for you.

Do I Need a Real Estate Lawyer for the Purchase?

While you are not required to have a lawyer to buy or sell vacant land in Wisconsin, it may be a good idea to have one to help you wade through potential issues that may arise. Real estate lawyers can help you through every step of the transaction. Much like with other real estate purchases, lawyers can ensure the process runs smoothly.

Hope you have an awesome week. Sounds like we are supposed to have fantastic weather. 
                                                 Until Next Week

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