Florida land investment: residential lot

The Florida Land Blog is dedicated to educating and promoting Florida real estate Investors. For personal attention, please contact Gordon Mac Martin of Martin Realty Fla 863.494.2100.

A residential lot purchase may seem easy, but there is a lot to consider.. Pardon the pun. Several factors should be taken into account when looking at lots for sale. Location, location, location is one of the basic mantras in real-estate investing, so this is probably the primary issue.

As you look into your florida lot purchase, the question is, where do you want to be? Do you like a corner, and end, cul de sac, or do you mind being between to other lots? This is much a matter of personal preference as anything else. So now you know what type of general location you would like, now how about the size? Do you want a small lot, with less maintenance, or would you like a little more space, with a little more upkeep responsibilities? Folks may not factor in the time and expense of the larger lot sizes. In Florida, weekly mowing is needed during the long growing season. Plus landscaping will be a consideration as well. Make sure you include this in your decision making process.

Neighborhood composition is another thing to think about... How close do you want to be to shopping, churches, or schools? What about police and fire services? These factors can influence your insurance costs.

So, buying a residential lots can be fun, but there are little things that you should consider when making a real estate decision, right?

So for expert help, give a call to Martin Realty Fla, participating with Cabela's Trophy Properties or email service@martinrealtyfla.com