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U.S. Land Investments: 3 Factors for a Successful Purchase

Investing in land in the United States can be an exciting and lucrative opportunity. However, to ensure that your investment is a success and that you can get the most out of it, there are three fundamental factors that you should carefully review before taking the plunge: road access, water access and availability of electricity. In this article, we will explore in detail why these aspects are so important and how you can evaluate them effectively.

Road Access: The Route to Success

Road access is one of the first aspects you should consider when investing in land in the United States. This factor is essential because it determines not only the ease with which you can get to your property, but also its potential value in the future.

Why is road access important?

  • Facilitates development: Adequate road access facilitates the construction of infrastructure, such as homes or businesses, on the parcel of land.
  • Increase resale value: Properties with good road access tend to be more attractive to buyers and therefore have greater appreciation potential.

How to evaluate road access:

  • personal visit: It is best to visit the plot in person to verify the quality and condition of the roads leading to it. See if the roads are well maintained and accessible in all seasons of the year.
  • Consult maps and navigation services: Use tools like Google Maps to get an overview of the accessibility of the area. Additionally, you can check if there are main roads nearby that facilitate access.

Water Access: The Source of Life

Access to water is another crucial factor to consider when investing in land in the United States. Water is essential to life and can have a significant impact on the utility and value of your property.

Why is access to water important?

  • Water supply: If you plan to build a home or business on the plot, you will need a reliable source of water to supply your daily needs.
  • recreational uses: Access to bodies of water such as lakes, rivers, or even the ocean can increase the value of your property and provide recreational opportunities.

How to evaluate access to water:

  • Investigate the area: Observe if there are bodies of water near the plot. The presence of lakes, rivers or reservoirs can be a positive indicator, or if there are many real estate developments it means that there is water ingress.
  • Consult experts: If you want to be sure about water access, contact the local water company in the area. They will be able to provide you with detailed information about the available water sources and the quality of the supply.

Electricity: Energy for Success

The availability of electricity is an essential element for any land development. Without electricity, the possibilities of using the land effectively are limited.

Why is the availability of electricity important?

  • Daily necessities: Electricity is essential for lighting, heating, cooling and operation of appliances and electronic devices.
  • Commercial development: If you have business plans for the plot, electricity is essential to operate machinery and equipment.

How to check electricity availability:

  • Visual inspection: Use tools like Google Maps to search for light poles in the area. The presence of light poles indicates that electricity is available in the region.
  • Check with your local power company: Contact your local power company for information on electricity availability in the area and associated costs.

Investing in land in the United States can be a solid strategy to increase your wealth. However, it is essential to conduct thorough research before making any decisions. Ensuring there is adequate road access, reliable water access and available electricity puts you in a strong position to get the most out of your investment. Remember that investing in land is long-term, so doing your due diligence now can make the difference in the future success of your investment. Good luck in your search for the perfect land in the United States!

Legal and Tax Disclaimer

Please be advised that the content presented in this blog is for informational purposes only and should not be construed as legal or tax advice. The articles and information provided here are written from the perspective of a real estate agent affiliated with Keller Williams, and do not represent legal or tax counsel.

As the author, I am a licensed real estate professional under Keller Williams, holding Brokerage DRE License Number: #02197031. However, it is important to note that my expertise is in the field of real estate, and not in legal or tax matters. The insights and opinions shared on this blog are based on my experiences and knowledge in the real estate industry and should be treated as general guidance rather than definitive legal or tax advice.

For specific legal or tax concerns relating to any real estate transactions or investments, readers are strongly encouraged to consult with a qualified attorney or tax advisor who can provide tailored advice based on your individual circumstances and the latest legal and regulatory requirements.

The information on this blog is provided "as is" without warranty of any kind, and I, along with Keller Williams and its affiliates, disclaim all liability for any loss, damage, or misunderstanding arising from reliance on the information contained herein.

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