Often times, the only limits to purchasing real estate is your imagination. The one constant we have in life is change, but with change comes new opportunity. This is especially true in developmental properties, where you can turn a piece of land filled with trees and shrubs into one that provides you with income and helps boost the local economy.
So if you’re looking to purchase a development property in South Carolina, where should you start?
- Work with a qualified land broker. A development property takes careful planning and you have hop through myriad bureaucratic hoops just to get your idea off the ground. As such, you’ll want to work with an experienced, credentialed land brokerage business that can make sure thing everything goes smoothly and ensure you’re purchasing the right land for your plans.
- If it’s your first development property, start small. This may same hypocritical after we mentioned that the only limitations are usually a buyer’s imagination; however, while it’s great to dream for the home run, your best bet is to start with something small and settle for a single, then work your way up. It’s sort of the same idea as a “starter home.” Find your “starter development property,” learn first hand what works and what doesn’t, and you’ll be more prepared for success in the future.
- Find an area with low competition. Often, the best value currently on developmental properties are in more rural areas, such as in South Carolina. Underdeveloped land is undervalued by the market, creating great opportunities for prospectors.
Those are just three of many tips you can implement when looking for a development property. If you’re interested in development properties in South Carolina, learn how the brokers at Metcalf Land Company can help.