The purpose of cheap land zoning is to allow authorities to regulate and control land and property markets to ensure complementary uses. Cheap land zoning can also provide the opportunity to stimulate or slow down development in specific areas.
The key to buy cheap land as an investment is to try to get it rezoned yourself. Just changing the zoning can have a massive impact on the land’s value.
You can alsto try to find property that’s undervalued because it’s underdeveloped. Developing cheap land can be rewarding
Types of Cheap Land Zoning
Residential Zoning and Home-Based Businesses
Zoning issues can arise at any time and they can affect what you can do on your land and what your neighbors can do on theirs. In some circumstances, you can petition to enforce zoning or seek to have the zoning of property changed.
Are there any limitations on how you may use the property?
- Any restricted uses
Close the Cheap Land Sale
Once you’ve identified a potential cheap land, you’ll need to assess what the land is worth, and what it could be worth in the future. Consider the current value, the annual property taxes and the future intent or use of each parcel.