Untitled

[kwlandteam1]

What Is A Land Feasibility Study and Why You Need One For Your Kentucky Land

Are you thinking about buying and developing land in Kentucky? Before you agree to buy, it is very important to have a feasibility study done, making sure you are able to do what you envision. Learn more about what to expect from a land feasibility study before buying land in Kentucky!

If you decide to buy a piece of land in Kentucky, you’ll want to know as much about it as possible. A land feasibility study will help you get all the facts about a piece of land before you sign on the dotted line. Depending on the depth of the land feasibility study, the process can take a few weeks. The time and cost of a feasibility study are more than worth it when developing a piece of raw land.

What Is A Land Feasibility Study?

A land feasibility study will provide you with the information you need about a piece of land in order to be confident in your purchase. The study will tell you if your proposed project is financially and physically possible. If you have the vision for a large-scale project, a land feasibility study is critical. You’ll get a better idea of the expected costs as well as rules governing the land that you will need to be aware of before you break ground. It is a critical part of any land purchased by a developer and should be a part of your vacant land purchase too.

What’s Included In A Land Feasibility Study?

A land feasibility study includes many pieces of information that will tell you all you need to know about a piece of land in Kentucky before you buy it. The study will usually involve input from an engineering team, a contractor, an architect, and possibly a city planner. The soil will be tested, along with the slope. You will be made aware of any environmental impacts your project will have and if there are limitations in the area due to protected species. The study will let you know about any rules or regulations governing the property that you should be aware of as well as any proposed construction in the area that could impact the land. If a road or utilities will need to be brought to the property, you will have the chance to learn about all of that too. A land feasibility study can go as in-depth as you need, providing you will all the detail you need to make a smart and well-informed purchase.

Why Do You Need One?

Ultimately, so you don’t end up stuck with the wrong piece of land. When making a land purchase, you don’t want to find that you aren’t able to build as you had wanted to after the purchase has been made. A land feasibility will do exactly that – make sure your proposed project is feasible on the land that you have selected. You’ll know exactly what you will need to do to get there and what it will cost you. Don’t let the wrong property purchase stop you from building your dream. The small cost of a land feasibility study upfront will more than be made up for by all the information you will gain.

When buying land in Kentucky, keep in mind that the lower-priced properties will likely require more work before construction is able to begin. Whether the lot will need to be cleared of brush or the remains of an old building, filled with new dirt, or will need utilities brought out to the site, knowing all of this beforehand is imperative to a successful land purchase.

Contact KW Land Team

to learn more about getting a land feasibility study done on your Kentucky property!

[kwlandteam1]

Vacant Land For Sale By Owner Kentucky – KW Land Team

If you’re thinking about buying land, you have a couple of options. You could try to acquire raw land by watching for it in a listing service and buying through an agent, or you could buy vacant land for sale by owner Kentucky directly. In this blog post, you’ll read about 3 reasons why you should buy raw land from the owner directly.

Reason #1. More Variety

If you buy raw land through an agent, you’re stuck with whatever land the agent can find, which they’ll usually find by accessing a listing service like the MLS. This severely limits the amount of raw land that you can choose from.

However, if you change your perspective and start looking around for vacant land for sale by owner Kentucky, you’ll have so much more land to choose from. In fact, you might be surprised at the amount of choice vacant land available to you!

Reason #2. Faster Purchase

If you take the “wait and see” approach to buying vacant land only through an agent, you’re going to be stuck with whatever land is listed. Sure you might get lucky and find raw land right away but you’ll often end up waiting months for the “perfect” investment to come along.

However, if you take a different approach and buy vacant land for sale by owner Kentucky, you’ll have the confidence to move off of the limited listing service and instead find land owners yourself who are eager to sell their land but who chose not to list. That way, you can find more properties, faster.

If you want to see what vacant land for sale by owner Kentucky is available in our inventory, click here now and fill out the form

Reason #3. Seller Financing Might Be Available

Buying land through an agent usually means the selling agent will require proof of funds and will demand that you have a mortgage or cash in place before you buy. This can severely limit how much raw land you can buy at one time.

However, if you invest in vacant land for sale by owner Kentucky, you often have a greater amount of choice when it comes to financing. In fact, you might even be able to get seller financing directly from the seller. (This won’t always be the case but it’s far more likely when you buy from the owner directly).

Summary

Many vacant land investors don’t want to get caught up in all of the annoying hassles and hoops that they have to go through in order to buy vacant land through a real estate agent. They’d rather just buy the land and start using it or developing it the way they want to. If that describes how you want to invest, then buying vacant land for sale by owner Kentucky might be the right choice for you.

Click here now and fill out the form to see what’s available in terms of vacant land for sale by owner Kentucky. Or, call our office at (270) 791-2538 and speak to us directly

[kwlandteam1]

Bare Land For Sale In Kentucky Kentucky Supply And Demand Hint At Big Opportunities

Are you trying to decide whether to invest in bare land for sale in Kentucky Kentucky? In this blog post, we’ll look at the fundamental reason why investors are becoming increasingly interested in raw land and vacant land, and the steps you can take to benefit…

Whether you’re investing in stocks, funds, real estate, or even fine art, there’s no greater influence on the value of the investment than the supply/demand balance. Supply and demand is a foundational concept in investing.

Simply put, if supply exceeds demand, prices tend to drop because there’s too much investment available; and if demand exceeds supply, prices tend to rise because everyone is clamoring to own the investment.

If you want to know whether an investment has value, consider whether supply or demand is greater.

Here’s why we’re excited about the supply/demand fundamental in bare land for sale in Kentucky Kentucky…

Click here right now to get in touch with us about bare land for sale in Kentucky Kentucky

Supply Of Bare Land For Sale In Kentucky Kentucky

On the supply side of the equation, no one is making any more land. The land that’s there is the only land available. On top of that, it’s already owned (either by individuals, corporations, or governments) so the only bare land for sale in Kentucky Kentucky is the land that people choose to sell.

In fact, as land is acquired and developed, it reduces supply. Every single day around the country, raw land and vacant land is acquired and developed for use – perhaps with the addition of city services and buildings.

Therefore, the supply is limited… and it’s diminishing every day.

Demand of Bare Land For Sale In Kentucky Kentucky

On the demand side of the equation, there isn’t a lot of land that goes on the market. The closer you get to an urban center, the more likely the land is in demand in the near future for development.

But what makes the demand side even more compelling is that it’s not just near-term development that factors into the equation. There are other benefits of owning land (including hunting and fishing on more rural pieces of land).

These two forces – development and recreational use – create ongoing pressure on the demand side of the equation.

Summary

You don’t have to be an expert investor to know that the supply/demand fundamentals of bare land for sale in Kentucky Kentucky are very attractive for investment. Whether you plan to buy the land to develop, hold, resell, or even use for your own recreational use, the supply/demand fundamentals indicate that land will continue to be an attractive investment for years to come.

Want to learn more about bare land for sale in Kentucky Kentucky or see what land investment opportunities we have at KW Land Team? Click here now and fill out the form or call us at [phone] to talk to our team about bare land for sale in Kentucky Kentucky

[kwlandteam1]

What Is A Land Feasibility Study and Why You Need One For Your Kentucky Land

Are you thinking about buying and developing land in Kentucky? Before you agree to buy, it is very important to have a feasibility study done, making sure you are able to do what you envision. Learn more about what to expect from a land feasibility study before buying land in Kentucky!

If you decide to buy a piece of land in Kentucky, you’ll want to know as much about it as possible. A land feasibility study will help you get all the facts about a piece of land before you sign on the dotted line. Depending on the depth of the land feasibility study, the process can take a few weeks. The time and cost of a feasibility study are more than worth it when developing a piece of raw land.

What Is A Land Feasibility Study?

A land feasibility study will provide you with the information you need about a piece of land in order to be confident in your purchase. The study will tell you if your proposed project is financially and physically possible. If you have the vision for a large-scale project, a land feasibility study is critical. You’ll get a better idea of the expected costs as well as rules governing the land that you will need to be aware of before you break ground. It is a critical part of any land purchased by a developer and should be a part of your vacant land purchase too.

What’s Included In A Land Feasibility Study?

A land feasibility study includes many pieces of information that will tell you all you need to know about a piece of land in Kentucky before you buy it. The study will usually involve input from an engineering team, a contractor, an architect, and possibly a city planner. The soil will be tested, along with the slope. You will be made aware of any environmental impacts your project will have and if there are limitations in the area due to protected species. The study will let you know about any rules or regulations governing the property that you should be aware of as well as any proposed construction in the area that could impact the land. If a road or utilities will need to be brought to the property, you will have the chance to learn about all of that too. A land feasibility study can go as in-depth as you need, providing you will all the detail you need to make a smart and well-informed purchase.

Why Do You Need One?

Ultimately, so you don’t end up stuck with the wrong piece of land. When making a land purchase, you don’t want to find that you aren’t able to build as you had wanted to after the purchase has been made. A land feasibility will do exactly that – make sure your proposed project is feasible on the land that you have selected. You’ll know exactly what you will need to do to get there and what it will cost you. Don’t let the wrong property purchase stop you from building your dream. The small cost of a land feasibility study upfront will more than be made up for by all the information you will gain.

When buying land in Kentucky, keep in mind that the lower-priced properties will likely require more work before construction is able to begin. Whether the lot will need to be cleared of brush or the remains of an old building, filled with new dirt, or will need utilities brought out to the site, knowing all of this beforehand is imperative to a successful land purchase.

Contact KW Land Team

to learn more about getting a land feasibility study done on your Kentucky property!

[kwlandteam1]

5 Things To Look For When Buying Land in Kentucky

Buying land in Kentucky is an excellent investment choice, but do you know what to look for? In this post, we offer 5 things to be aware of.

Whether buying land for investment or to build a home in Kentucky, you will need to know as much as you can about the land before making the purchase. Below are a few things to look for when buying land. We also always recommend that you have a land feasibility study done before you buy to ensure that the vision you have for the land is a reality.

Zoning Restrictions

The zoning that covers your particular piece of land will directly determine what you are able to do with it. Your property could be zoned residential when many nearby properties are commercial. The zoning may say you cannot build a specific type of property or go above a certain height. When buying land in Kentucky, make sure that the zoning allows you to do what you want to do with the property.

Soil Types

The last thing you want is to buy a piece of land, only to find that you aren’t able to build on it as you had wanted to. Some types of soil are great for building while others are not. Clay-based soils are often more sturdy than lots with a lot of sand. You’ll also want to know if there is fill dirt or if the soil is original. If the land has been filled, you may have to take some extra steps before building.

The Neighborhood

While land can often be purchased sight unseen, it’s best to get a first-hand look at the neighborhood before deciding to buy there. Does the neighborhood seem safe and like a place you or potential tenants will want to live? Take a drive through the neighborhood at different times of day, so you can get a true feel of what the neighborhood is like. What is looks like during the day may be wildly different from how the neighborhood feels at night. If possible, talk to a few neighbors you see while out and about so you can get their thoughts on the neighborhood and building in the area. You will learn a lot more from locals than you will from your real estate agent.

Future Development

When buying land in Kentucky, it’s important to know what is happening in the area. Are there homes being built? Retail and dining? New roads? All of these things will have an effect on your property value. Check with the city to find out about recent permits and plans that are in development. This will help ensure you are buying land in an area that makes sense for you. If a neighborhood is up and coming, it may be your chance to find a diamond in the rough, turning it into something big!

Clean Title

You’ll need to check the title for the land before you buy it. You don’t want to find out later that someone else has a claim to the land. Make sure the land is free of liens and that the person selling it has the legal authority to do so.

When buying land in Kentucky, it’s important to conduct a feasibility study to ensure you have all of the information you need about a piece of property. This will help you to make sure that everything you have planned for the land can actually become a reality. The feasibility study will let you know what to prepare for and what you are getting into so you can guarantee the success of your investment.

Thinking about buying land in Kentucky?

Get in touch

with us first! [phone]

[kwlandteam1]

4 Benefits of Owning Land In Kentucky

Don’t overlook land investment! Owning land in Kentucky comes with a long list of benefits. In our latest post, we will discuss the benefits of owning land in Kentucky as well as what to look for in your perfect piece of land!

For many investors, using land to diversify a portfolio is an excellent strategy. When you find the right property, you’ll either be able to develop it, rent it out, or resell it for a higher price than what you paid. The overhead costs are low and it is usually pretty easy to get started as the price of land is a fraction of a standard single-family home. Keep reading to learn more about the great benefits of adding land to your portfolio in Kentucky.

Low Maintenance

Maintenance costs when owning land are low to non-existent. There is nothing to paint, fix, or repair. For some lots, you will need to maintain vegetation so it doesn’t become overgrown, however, these costs are minimal when you compare them to the costs of maintaining a home. The land cannot be damaged or vandalized and the time spent dealing with your land will be minimal. You will still have property taxes, but in comparison to owning a house, the taxes on land are very low.

Low Cost

Acquiring land is typically pretty easy. Many lots can be purchased for just a few thousand dollars. You can start small, flipping lots until you are able to afford land of greater value. Getting started with low-cost lots is a great way to learn the business firsthand, without having as much risk as a single-family home purchase will carry. Typically, buyers won’t have to use financing to complete the transaction, saving them even more money in loan origination fees and interest. With low acquisition costs and low maintenance costs, owning land is a simple way to add value to any real estate portfolio.

Low Competition

There are fewer people out there buying land, which gives you some negotiation power when working with someone who wants to sell. When making an offer on a piece of land, you are less likely going to be looked over or have someone swoop in and buy the property out from under you. That said, people buying and selling land are often investors and developers. When a piece of land becomes available at a very low price, it’s important to act before another investor beats you to the punch. Experienced investors will have the cash in hand and be able to close right away, two things someone looking to sell their land fast will be appreciative of.

Future Options

Owning land gives you many ways to make money from it. You can sell for a profit, lease it out, or develop it yourself. The beauty is, you don’t have to decide right now. You can take a piece of land, tuck it away for next to nothing, and wait until the time is right to do something with the property. Depending on the property, you could lease it out for parking or recreational activities. If it’s a smaller lot, consider leasing it to a neighbor looking for more space. Development costs might drop, giving you the ability to build at a low cost. Or… the area around your land can be developed, increasing the demand for your lot. This is a great way to cash in on land without having to do much work. This is why many people opt for the buy and hold strategy when investing in land in Kentucky.

Learn more about owning land in Kentucky!

Get in touch with us

today for more information! [phone]

[kwlandteam1]

How To Buy Land Cheap In Kentucky – Step-By-Step – [phone]

Who else is looking for information about how to buy land cheap in Kentucky? In this blog post, we’ll walk you step by step through the process of buying cheap raw land in and around Kentucky.

Step 1. Figure Out Your Land-Buying Goals

People buy land for different reasons. Perhaps you are a real estate investor who wants to make money on your land investment. Or maybe you want land that you can hold onto, which doesn’t require a lot of work, that you can retire on someday. Or perhaps you are an outdoors person who wants a piece of empty land that you can use for recreational purposes.

Before you buy any land, you need to figure this out first because your desired outcome or “return” will depend on your goals.

Want to buy to subdivide, develop, and sell? Then you’ll probably want property that is relatively close to a city along the path of growth.

Want to buy to hold onto someday for your retirement? Then you’ll probably want something that is far enough way to be peaceful yet will be close enough by retirement to get the infrastructure services you need.

Want to buy land for recreational purposes? Then you’ll want something that you can drive to but is far enough away that your use of it won’t break any city bylaws.

Step 2. Find A Seller

Once you’ve figured out what you’re looking for in a raw land investment, find a seller with some inventory to help you. You might have to review a few different raw land investment opportunities before you choose one so make sure you choose a seller with some inventory. At KW Land Team, we have raw land in our inventory and we can walk you through the process of how to buy land cheap in Kentucky. Click here now and fill out the form to learn more.

Step 3. Close The Deal

A good raw land seller will help you get everything in order so you can purchase the land. Select your land investment and close on the deal, filling out the paperwork promptly and working with your seller as well as any financing company or private investor who might be partnering with you on the deal.

Step 4. Enjoy And Benefit!

The deal will probably close fast and now it’s time to enjoy and benefit from your land investment. Start deploying your land investment plan, perhaps by subdividing the land or going out for a day to enjoy the fresh air. Get to know your land and the possibilities it presents for you.

Summary

Wondering how to buy land cheap in Kentucky? Follow these 4 simple steps and in no time at all you’ll be standing on your very own vacant land investment.

Click here now and fill out the form to talk to our team, or call us at (270) 791-2538. We have land investment inventory and we can show you how to buy land cheap in Kentucky right now.

[kwlandteam1]

4 Types of Popular Land Investments and How to Evaluate Them – KW Land Team

Land investing can be lucrative but there’s more than one type of land investment! Read this post to learn 4 types of popular land investments and how to evaluate them…

[kwlandteam1]

3 Tips for Buying Land Most First-Time Buyers Don’t Consider in Kentucky

Whether you are looking to purchase a piece of land as an investment or as a place to build your dream home, there are some things you must know before buying. KW Land Team is a team of local land professionals.

In this blog post, we have put together some of our favorite tips for buying land.

Tip #1: Make A List of What You Want

Are you buying the land as an investment? Or as a recreational or building site for yourself? The land’s use will determine exactly the types of land you will want to focus on. A few things you should consider are:

Price. Sure this seems obvious, but you will want to set a maximum budget and stick to it. If you are planning to build, you don’t want to blow your budget before you’ve even broken ground. And if you buying for investment, you should know the exact price you can purchase in order to sell for a solid return. Stick to your guns, and don’t go over-budget.

Size. How much land do you need? You might think you want several acres until you see the maintenance that will be required. Maybe 1 or 2 acres would better suit your needs. Or maybe you want to build a decent sized home, and still, have a big yard. An oversized lot might be perfect.

Dirt & trees. What kind of soil is on the property? Is it sandy or clay? The actual dirt on the land can cause issues with building and have a huge effect on what you are able to grow on the property. Many buyers love seeing a lot with trees or a house painted a certain color.

Tip #2: Educate Yourself

There are many variables to consider when making a land purchase. Often times there are many things people will over look. Buying land in about more than just location.

What type of access does the property have? Ideally, your land should accessible via a road. However, if it’s not, you will need to ensure the proper easements are in place so that you may transverse another’s property to get to yours.

Does the property have a clear title? Liens and other encumbrances can cause a big headache if they aren’t dealt with before closing.

Zoning. Sure your land might be zoned residential today, but what if there is a zoning change planned for the future? Make sure you know of any potential zoning changes so you don’t get stuck with land you can’t use.

What are comparable properties selling for? Do not go by what they are listed at, but rather the actual sales prices of some comparable lots.

Covenants are basically the rules of the land. If you want to have a small farm, the rules might say you cannot. Or if you want to build a three-story home, you might not be able to. Make sure you understand all the rules placed upon the land by local authorities.

You will want to make sure you understand your water rights. Let’s say you bought 2 acres for your small farm, but then you find out that you are only allowed to irrigate an eighth of it. You will have a lot of dried up farmland on your hands.

Tip #3: Work With A Pro

The process of buying and selling land is quite different than buying a home. Because a realtor might receive less commission when working with land, they typically don’t put in as much effort into understanding the variables. Working with a team of highly skilled professionals, such as the team at KW Land Team will help you to make the best investment possible.

A land professional will help educate you on all the points above and make sure you find the best property possible when looking to by land. Find a Realtor who specializes in helping people buy land is a must. They can help answer any questions and help you find the perfect piece of land to YOUR needs.

KW Land Team can help you whether you are looking to buy or sell land in the Kentucky area.

Fill out this form

, or give our office a call now to find out how we can help you! [phone]

[kwlandteam1]

Weigh These 5 Site Characteristics Before Buying Raw Land for Development in Kentucky

Looking to invest in undeveloped land? Read this blog post to learn how to weigh these 5 site characteristics before buying raw land for development in Kentucky (including the 42101)

Want to buy land within the Kentucky area? A lot of investors love vacant land as an investment! If you’re thinking about doing a land deal, make sure you weigh these 5 site characteristics before buying raw land for development in Kentucky.

Weigh These 5 Site Characteristics Before Buying Raw Land For Development In Kentucky

Site Characteristic #1. Legal Area

In many residential areas, boundary markers like fences, sidewalks, and roads mark the legal boundaries of a home. But with vacant land it’s not always as clear. Depending on where the land is, it can be difficult to tell where your property ends and another one begins. Before you even invest, make sure you know exactly where the legal boundaries of your property are so you don’t develop beyond those boundaries.

Site Characteristic #2. Zoning

Municipalities will zone different areas in order to control growth. After all, no homeowner wants a garbage dump or noisy factory beside them! Zoning will restrict what you can build.

So, if you’re investing to develop the land, or if you’re planning to sell to a developer, make sure you know what can be built on the property.

Site Characteristic #3. Drainage

When it rains, a lot of the water soaks into the ground. But in a heavy rainfall, not all of it will immediately soak in! When it rains, or when the snow melts, where does the water go? Knowing the drainage lines of your property will help you know where to develop (so you don’t build a house whose basement always floods!)

Note: even if you don’t like the drainage line, you can often change it (within reason); however, it’s good to know where the water drains before you start building any structures!

Site Characteristic #4. Stability for structures

Vacant land has so many promising possibilities but not all land is appropriate for every use. The make-up of the soil will determine if and where a structure should be built on the property, and even how deep you need to dig for a sturdy, dry structure.

Site Characteristic #5. Path of growth

Want to know the best place to buy vacant land? It’s easy: in the area that’s going to be developed in the future! The value of your investment will rise as demand increases for the land around it. So, determine the path of growth so you can know where your next land investment should be.

Summary

Vacant has historically been a compelling investment. (After all, ALL land was vacant at some point!) If you want to buy land within the Kentucky area, make sure you weigh these 5 site characteristics before buying raw land for development in Kentucky.

Want to see what vacant land investment opportunities are available in Kentucky?

Click here and fill out the form

or call our team at [phone]

[kwlandteam1]

Look At These 3 Things When Analyzing Which Land Will Get You the Fastest Return in Kentucky

Everyone invests for a return, but what if you want to invest in land and get a quick return on your investment? Fortunately, there are ways that you can influence your return on investments (ROI) when investing in land. Keep reading to look at these 3 things when analyzing which land will get you the fastest return in Kentucky…

Raw land investing is an often overlooked way to invest but this kind of investing provides investors with an amazing way to generate fast ROI if done correctly. If you’re wondering how you can get quick returns on your raw land then apply “the 3 P’s” of fast raw land returns.

Look at these 3 things when analyzing which land will get you the fastest return in Kentucky…

The 3 P’s of Fast Land Returns

Price. In land investing in Kentucky it’s said that the profit is made when you buy, not when you sell. This means you need to be able to acquire your land investment at a good price. We’d build on this concept to say that if you want to get a fast return, you need to find land at an attractive price but have a plan to be able to sell it at a higher price.

The market can influence your buying and selling prices. Make sure the market can support each of these prices! Avoid the mistake of buying at a low price and thinking that you can sell at any price: do your due diligence to find out what price points the market will support and whether your land has the potential to be in both price points. That leads us to the second P…

Potential. Next, look at the potential you have of seeing the returns on your land increase. Land increases in value because it becomes rarer and in greater demand, so what factors make land rarer or in greater demand?

For example, if you buy near a city and the city is expanding rapidly in the direction of your land, the demand will likely increase faster than if you buy land and the city expands in a different direction. Demand by city expansion is not the only type of potential a land has to increase in value quickly, which leads us to the third P…

Prospects. The best way to see your land increase in value is to buy land from someone who doesn’t understand its value and then sell the land to someone very specific to can understand its value.

For that reason, you need to look at raw land through the eyes of a potential buyer and ask yourself, “Who would this land appeal to?” and then market the land to that group. If your land is near an expanding city then find a developer; if your land is in a beautiful wooded area with a river then perhaps an outdoors person or a hunter might want the land.

Summary

Land tends to increase in value but it normally takes time. If you want to speed up the process, look at these 3 things when analyzing which land will get you the fastest return in Kentucky.

Looking for land that you can invest for rapid ROI?

Click here and enter your information in the form

or call us at [phone] to access our inventory of available land investments. We’re always adding more!

[kwlandteam1]

Using Kentucky Land To Diversify Your Real Estate Portfolio

Using Kentucky land to diversify your real estate portfolio is an excellent strategy. Learn some great tips and tricks in our latest post!

The purchase of Kentucky land is an often underrated real estate investment choice. It isn’t as exciting as other forms of real estate and people don’t always see the potential. However, the right piece of land can end up producing great profits. Below we offer some tips on what to look for as well as some ideas of how to use your land to generate profits.

Signs Of Profitable Land Great Location

A property in a great spot will generate great profits. If the land is in an up and coming area, you will see the demand, and prices for land go up. Having land in a rural area isn’t as likely to appreciate as land in areas that are actively being developed.

No Building Restrictions

While buying land may seem very simple, there are things you will need to look into before buying or selling land in Kentucky. You don’t want to buy a lot with the intent to develop only to find out you aren’t able to do what you wanted. Make sure there aren’t any building or zoning restrictions that will impede any profits you will see from the home.

Generating Income Using Land in Kentucky

Many people think that land just has to sit there, but this isn’t always the case. There are a number of ways you can use your land to generate income. Of course, the zoning needs to fit what you want to do, but if you get a little creative, you can think of a number of great ways to use your land.

Buy and Develop

One strategy to generate income using land in Kentucky is to buy land and develop it at a cost-effective price. As long as you are able to rent the property out right away or resell it, you will have the potential to generate amazing profits from the piece of land.

Subdivide

Another strategy is to purchase a large parcel of land, subdividing it and reselling to a number of buyers as individual lots. The process can take some work, but once you know the ropes, it can be a great way to make money using land in Kentucky.

Rent It Out

Depending on the property, there are a number of different audiences who may want to rent it from you. If you own a residential lot, you can consider leasing it to a neighbor to expand their yard, store their boat, or build their kids clubhouse. Many homeowners will jump at the chance to spread out, even if it isn’t permanent. If you own a lot in a commercial area, you can lease it to a local business for parking. Or maybe you lease it out for events such as concerts or farmer’s markets. If you have agricultural land, farmers in your area may be looking for some extra space.

Why It Works Less Competition

There is a smaller pool of land buyers, which means you will have less competition when looking for the right property. Sure, there are people who do this professionally, but the numbers are much lower.

Low Cost

Land can usually be acquired at a much lower cost than other forms of real estate. This makes it more accessible and easier to add to your portfolio.

Motivated Sellers

Sellers will find it much easier to part with a piece f land as opposed to a single family home. There is less attachment, giving you the opportunity to find a great deal.

If you want to diversify your real estate portfolio, using land in Kentucky is an excellent option. We are happy to help you find the right lot or answer any questions you have.

Let us help you diversify your real estate portfolio in Kentucky!

Get in touch

with us today!

[kwlandteam1]

4 Common Mistakes Land Feasibility Studies Will Help You Avoid In Kentucky

Land feasibility studies are extremely important when buying land in Kentucky. Learn more about what they are and why you need one in our latest post.

Buying land can be a great investment. Whether you want to buy and hold or develop it yourself, having a land feasibility study done beforehand will give you all the information you need about making the purchase. You’ll be able to feel confident in your decision to purchase the property by utilizing all of the information a land feasibility study will provide for you.

What Is A Land Feasibility Study?

A land feasibility study should be completed before any construction project breaks ground. It will help you to determine if the project you are proposing and the land wish to build on are a fit. You’ll be able to learn what can be built there, the condition of the soil, and about any extenuating circumstances, that may stop you from creating your vision. You will be able to determine the highest and best use for the property so you can maximize your land investment in Kentucky.

Key Things A Land Feasibility Study Will Tell You: If The Land Is Buildable

Not all land is created equal. Some lots have soil that is primarily clay, while other lots are sand. Some have untouched dirt, while others are covered with fill dirt. A land feasibility study will tell you if the land is ready to build on and if it isn’t, what you need to do to get it there. You don’t want to buy a piece of land on a whim and not be able to do what you want with it.

Future Expenses

A land feasibility study can help you to determine which costs you will likely face as you move forward with your project. You will find out if you will need special permits, it there are endangered plants or animals in the area, how you will need to get your construction equipment to the site, and if you will need to run utilities to the land. While knowing if the land is buildable is important, knowing how you will do it and what to expect is also information you will want before buying. A land feasibility study will help you make sure you aren’t blindsided by unexpected expenses.

Environmental Threats

A land feasibility study will help you to avoid any negative environmental impact your project may cause. How will runoff and drainage be handled? Are there endangered species in the area that your construction will disrupt? Learning about the environment around the land you are buying is incredibly important. You could be purchasing in a flood zone without even knowing it. You don’t want to find out after the fact that there are environmental factors affecting the land that you hadn’t been aware of before making your purchase.

Covenants, Conditions & Restrictions (CC&Rs)

When buying land, you will need to know about any obligations or restrictions that apply to the land. If in development, you may be very limited on what you are able to build. Or maybe a nearby farmer has been granted an easement across your land to reach their livestock, you throwing a building up on the land might have an effect on that.

When buying land in Kentucky, no matter why you want to purchase, you should always take the time to have a land feasibility study completed on the property. You will likely be able to learn much more about the property than you would have been able to on your own.

Contact us

for more information on land feasibility studies in Kentucky! [phone]

[kwlandteam1]

6 Steps To Buying Vacant Land In Kentucky

Land can be a great addition to your real estate portfolio! Learn about these 6 steps to buying vacant land in Kentucky in our latest post!

Whether buying land as an investment or to build on with a home of your own, understanding the process will help clarify expectations, help you know what to look for, and help to make sure that you don’t overpay. Below, are a few of the steps you should take when buying vacant land in Kentucky!

Building Restrictions

When buying land, you’ll want to make sure your vision for the property can become a reality. Land buyers who purchase in certain developments will be at the mercy of the HOA. You may not be able to paint your future house the way you want, you may find yourself subject to assessments, and you may find yourself with a piece of land that wasn’t really what you wanted.

The zoning in the area will also impact what you are able to put on the land. You may not be able to build over a certain height. You may not be able to put a manufactured home on the property. And you may not be able to have livestock if that is something you want to pursue, even if you don’t have immediate neighbors.

Limitations Of The Land

There could be problems with the land itself, preventing you from building. Bad soil, fill, and other problems with the dirt itself can have a huge impact on what you will be able to do. If you are curious about the quality of the land, you may want to consider hiring a soil engineer to help you determine what will need to be done with the land before you are able to build.You should also make sure that the land is clear of any endangered plants or animals. Even having them in the nearby vicinity can prohibit what you are able to do. Check with your city or property appraiser to get a better idea of what is in the area that you need to be aware of.

Future Development

When buying a piece of vacant land in Kentucky, you’ll want to be well versed in what is slated for the area in the future. Check-in with the city planner to learn more about any planned construction for the area. Find out if there are new retail establishments coming to town, new houses being built, or if there are new roads being created. When buying any type of real estate, you’ll always want to be a few steps ahead. Don’t get stuck with a piece of land that ultimately loses value by what is being built nearby.

Clean Title

The last thing you want is to invest in vacant land in Kentucky, only to find someone else is able to claim ownership after you’ve made the purchase. This can lead to lengthy court battles while the true owner of the land is determined. Not checking the title before you buy may end up costing you more money than you spent on the land in the first place.

Feasibility Study

A feasibility study will help you learn all you need to know about a piece of land before you buy it. You will be able to make sure you are able to do what you want with the property. You can expect a cost analysis, zoning information, and an evaluation of the land itself along with other extensive information regarding the land. You will be able to determine the property’s potential, so you can ensure you are getting a good deal on the land for sale in Kentucky.

To learn more about buying vacant land in Kentucky,

reach out to us

today! [phone]

[kwlandteam1]

4 Hidden Benefits Of Buying Land in Kentucky

Whether you are just beginning your real estate investment adventure or you want to add to an already robust portfolio, land can be a safe and profitable choice. There are many great things about buying land in Kentucky. Learn more about some of the benefits in our latest post!

When people think about real estate investments, their minds don’t usually jump to buying and selling land, although maybe they should. Land is easy to buy and easy to own. It doesn’t require time, effort or a large down payment. It is an appealing asset to investors of all levels and can be an extremely simple way to generate profits fast. Keep reading to learn about a few of the many benefits of buying land in Kentucky.

Potential Profits

The profits on land can be huge and can happen almost overnight in some cases. In one scenario you can buy a lot in an up and coming area, and resell for a few thousand more than what you paid. Another option would be to find an ideal piece of land to develop and determine its highest and best use. Maybe you can build a rental property, a duplex, or a commercial office building. Whether you choose to hold the property without developing it, develop and rent it out, or sell it once it has been developed, you will likely be able to amass thousands of dollars in profit. Before making plans to develop a property, make sure it is zoned the way you need it to be or that you are comfortable and feel confident about requesting a zoning change. Nothing is worse than making plans to build and finding out you won’t be able to go through with the project as intended.

Great Way To Get Started

Buying land is one of the easiest ways to begin investing in real estate. For a few thousand dollars you can own a piece of land outright, without ever having to borrow any money from a lender. By not taking out a loan, you can potentially save thousands on loan origination fees and interest. When using land to begin your portfolio, you can buy in a growing area and quickly resell, taking the profits and reinvesting into something larger. Keep this up, and you will have created a massive portfolio in a short amount of time!

Low Maintenance

If you choose to keep the property, your maintenance costs will be little to non-existent. The only real costs of owning land come from property taxes. Also, depending on the lot’s location, you may have to pay to have it cleared once in awhile. Land in some subdivisions needs to be maintained so it is not overgrown. When you own land in Kentucky, you won’t have to deal with repairs, renovations, or high property taxes. You won’t have to worry about the property being damaged or vandalized. In most cases, owning land is a completely hands-off and low-maintenance investment, with the potential to bring home big profits in the long-run!

No Geographical Limitations

Buying and selling land is much different than buying and selling other forms of real estate. In most cases, you don’t even have to see the property in person in order to confidently make an offer. With the tools available to you online, you can research and view a piece a property no matter where you’re located, opening the doors to investment opportunities all over the country and even all over the world!

Do you want to learn more about buying land in Kentucky? Our team is here to help!

Send us a message

to find out what we can do for you! [phone]

[kwlandteam1]

Is Farmland A Good Investment In Kentucky Kentucky – The Two Most Important Factors

If you’re thinking about investing in raw land, empty land, and farmland, then you’re potentially weighing your options and deciding, “Is farmland a good investment in Kentucky Kentucky?” In this blog post, we’ll help you answer that question for yourself…

If you’re asking, “Is farmland a good investment in Kentucky Kentucky?” then you should be applauded for two reasons – first for looking at making a real estate investment, and also for performing your due diligence.

To help you perform your due diligence, here are two key factors you should consider (and you might be surprised by these factors because they’re not always talked about…)

Is Farmland A Good Investment In Kentucky Kentucky  — What Will I Be Using The Farmland For?

Maybe you plan to farm it. Maybe you want to rent it out to other farmers. Perhaps you plan to build a cottage and retire. Maybe you want to subdivide the land and develop it into a subdivision.

The first step is figuring out what you plan to do. Knowing this will help to narrow down which farmland choices are appropriate and which ones aren’t (For example, if you want to subdivide, you’ll probably want to make sure that there are city services out to the land.)

If you want to invest and you’re thinking of investing in farmland, but if you’re not quite sure how you plan to use the investment, that’s okay. You can always call us at [phone] and talk to our team about some of the ways that our clients are investing in farmland in the area.

Is Farmland A Good Investment In Kentucky Kentucky — There Is No Bad Investment

If you’re asking, “Is farmland a good investment in Kentucky Kentucky?” then here’s something that might surprise you: there is no BAD investment. All investments can be “good”… in the right hands.

A great piece of farmland might be a great investment… for one investor (but a less than perfect investment for a different investor). It depends on your own goals and desires and what you want to do. You may have investment goals that don’t really work well on one piece of farmland but can be great on a different piece of farmland. So before we get to the answer to the question in the title of this blog post, we need to address one important question you should be asking, “What will I be using this land for?”

Overall, farmland can be a good investment in Kentucky for you if you do your due diligence, take a strategic approach, and first figure out what you plan to use it for – and then if you make sure that you work with the right team to help you achieve your investing goals.

To find out more about our inventory of farmland in Kentucky, and to talk about your investment goals (and some investment strategies) with our team, click here to enter your information or pick up the phone and call [phone].

[kwlandteam1]

Before Buying Land in Do Your Legwork

If you’re thinking about investing in land, have you done your due diligence yet? Investing can provide solid returns for investors but before buying land in , do your legwork. In this blog post, we’ll look at a few things you should check when investing in land…

Land investments. They seem so simple compared to other types of real estate, right? With a house you’ll have to check on the foundation and how solid the structure is. With commercial property, you’ll have to make sure your property is compliant for the types of companies renting from you. But what about a land investment? It seems so simple, right?

Think again! While land investment can be very lucrative and is pretty straightforward, it’s important that before buying land in , do your legwork.

(If you’re looking for land, get in touch to ask us about our ever-evolving list of land investments.)

Before Buying Land In  Do Your Legwork On The Following Things…

Topography/soil report

The topography of your land will help to determine its best use, and can guide you to find the right buyer to acquire the property from you. Land with too much clay might be better for one type of usage than another; land with thick, rich topsoil might be better for a completely different usage; drainage will also play a factor into this as well.

Check if neighbors are encroaching

Sometimes with empty land, the practical use differs from the actual owner. For example, a neighbor might cut across your property with their driveway simply because it’s shorter and no one has stopped them. Have a survey conducted to ensure that neighbors aren’t encroaching.

Check on access issues

Land can’t be moved so before you buy land, make sure that you can access the land you’re buying. Do you have to get permission from the neighbor to drive across their property to get to yours? These may not be showstoppers but you should at least be aware of them because you might be able to get to the property now but you should have a plan in case that changes in the future.

Summary

It’s easy to read this list and think, “oh maybe I shouldn’t buy land” but that’s not our intention at all. Buying land can be straightforward and profitable. However, just like every other investment, before buying land in , do your legwork. A few minutes of due diligence before acquiring a property will help you have a more enjoyable and profitable experience!

Ready to look at some properties in your area? We have a growing list of land investments. To access our list,

click here and enter your information into the form

or call us at [phone] and we’ll share the list with you.