Land Development Process
The core of any type of investment is its ability to deliver consistent cash flow. Fortunately for investors, land development offers the highest reward. Land is a scarce resource that makes it very valuable today. Your land’s value can increase exponentially if it’s located in an area that is headed towards development.

Of course, any investors should perform their due diligence thoroughly when entering this business. It is important to learn about the market and to understand when to buy.

When buying a piece of land, there are a few things you should look into first, including the features of the land and factors that could limit the potential for development. Here’s a checklist of things to consider when buying a land:

Identify manmade and natural features (wetlands, steep slopes, floodplains, historic structure, etc.)
Obtain title report to know existing easements, restrictions, and covenants
Understand the permitted use for the site
Find out the regulations applicable to your proposed use
Obtain zoning approval
Understand if the site serves utilities such as water and sewer