When searching for vacant land, inexpensive vacant land, you are going to find all the cheapies.
There is good reason why these properties are so cheap. And there are better reasons you do not want to get involved.
Flood zones, dirt roads, swamp, and paving liens, to start with.
Dirt roads will likely become paved roads in the future…. maybe. If you own property on a dirt road and they pave it, you will be responsible for your portion of the paving. This is one reason why property on paved roads is more expensive. They paid for the road.
Flood zones. Run away. Flood insurance prices is going to go through the roof. Resale of properties in flood zone is going to be very difficult in the future. Prices of flood zone properties will be impacted. If flood insurance was $200- $300 a month and it goes to $500 a month. How much will the property value go down? Who knows, but what if dozens of your neighbors also realize they can’t afford the premium and all put their properties on the market. The excess supply will drive prices down.
Swamp? Enough said.
If you call me to talk vacant land, I will stress paved roads and non-flood zones.
Unfortunately, none of those properties will be on the list of cheapies.
If you would like to receive timely emails of properties in your criteria reach out to me.
Randy 727-409-4663