Everything You Need To Know About Buying Commercial Land

Let’s say you have an idea for the perfect development. All of your plans are set, and you’re ready to find the peace of land that’ll make your dream a reality. But where do you begin? In an overwhelming world of zoning laws, environmental problems, construction concerns, and laws about land usage, purchasing land for commercial use can seem like a daunting task.

When you consider all the finer details that go into a final deal, due diligence can define success. Without sufficient investigation and research, you may or may not end up with the property you needed—leaving you with a piece of land that you can’t use how you intended.

Luckily, the land development experts at SRC Land can make the process far smoother. As a buyer, you can definitely do your part to ensure the best possible outcome by knowing everything you need to know when purchasing commercial land.

Zoning Laws

You should know the zoning laws of the land you plan to buy. Zoning laws can determine the ways a specific area of land can be utilized. For example, you may have intentions to build a mixed-use development on your plot of land, but it’s zoned for residential use. In this scenario, your best bet would be to negotiate the purchase contract contingent on the rezoning of the property or getting a variance. 

Both options can be tedious and require additional fees, making you want to pass on that piece of land. Zoning impacts about everything in regards to your future business plans. It can control noise levels, business signage, parking regulations, waste management, and much more. So make sure to review all zoning laws before signing a lease, and remember that certain land can be zoned for multiple uses. 

Ask About Utilities

Don’t assume that particular utilities will be available at your property. Always ask in advance. If you’re developing on the land, this is a crucial step to cover since hidden costs will creep in.

Based on your intended use of your commercial land, you’ll have to secure the proper utilities to carry out your business. If the city doesn’t offer the services you need, find out if you’ll be able to acquire them, whether it’s access to a septic system, water, electricity, gas, or a telephone. 

Deed Restrictions

You’ve been looking and you think you’ve discovered the piece of commercial land you wish to use for development. It’s zoned properly, utilities are available, and it’s easily accessible; however, there might be another obstacle preventing you from developing the property: deed restrictions.

Deed restrictions exist to determine the way title owners can utilize the land. For instance, there could be a restriction on the land that doesn’t allow commercial development despite it being properly zoned for such use.

Restrictions can cover everything from the future use of the property to building height, characteristics of buildings, property maintenance, and other responsibilities associated with the land. Generally, deed restrictions apply to all future title owners.

These restrictions outweigh zoning regulations, so even if you find commercial land that fits your use, a restriction could still keep you from pursuing your planned development.

Accessibility

When settling on a property, remember that location is everything. Having a clear-cut plan for your commercial land will help you figure out which questions to ask that can help you address:

  1. If there’s room to add parking and space for proper ingress and egress.
  2. If the location is convenient to your future clientele.
  3. What the nearby competition is like.
  4. If the construction company has access to the land.
  5. If it’s easy to get to major highways and shipping routes.

Topography & Design

It’s especially important for you to evaluate the topography and design of the land you wish to purchase. Consider the following before you select your next commercial lot:

  • Environmental qualities (e.g. soil quality, underground pipes, underground storage tanks, etc.)
  • Slope of the land
  • Floodplains
  • Nearby streams/water sources
  • Wetlands
  • Shaded or sunny regions

Considering this information can help you make a lot of money if you are going into agriculture or save you a lot of money in the future if a flood or natural disaster were to occur.

At the end of the day, all of these concerns can be addressed so you find commercial land that will help your business carve out future success. At SRC Land, we guide clients through every phase of a land deal so you receive the greatest value, and we’d be happy to help you in your land investment. 

 

Don’t let the uncertainty of purchasing commercial land stop you from starting your own business.

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Bust These 4 Common Misconceptions About Land Values With SRC Land

When looking into land values in 2020, it’s no surprise that they can vary. Given the state of the current health pandemic we’re in, it only makes sense for the value of certain properties to fluctuate.

Several factors have created an uncertain market for land values such as an economy stuck in limbo and a stock market following suit, new land and trade laws, along with an unclear prediction of how the rest of this year will play out. Despite this, it’s imperative to have a good understanding of the concept of land values, especially if you’re thinking about purchasing property. 

Let the property professionals at SRC Land set the record straight on the most common misconceptions about land values for sale in Texas.

#1: Land Values Reflect the Stock Market

It was once a general rule of thumb that land values reflected the stock market. Over the years, however, this hasn’t been the case. There are numerous factors that affect the value of land in Texas, including natural disasters, local and national laws, commodity prices, rate of return, and more. While the stock market can be a good indicator of what direction the economy is going, it can’t be the primary factor you turn to for verifying land values.

#2: A Higher Demand for Crops/Livestock Means Higher Land Prices

This is not necessarily true. Even when a particular crop or type of land is in high demand, there are various outside factors that can keep the value of the land from increasing.

Even the highest quality land can be hit by forces outside of the land owner’s control. For instance, if you were a landowner in the forests of East Texas and the area was deep into a drought, this could harm the land value even when the demand for forest productivity–something that would increase this particular land’s value–is high.

#3: Decreases in Land Values Mean All Land Values are Suffering

While the majority of land markets are interconnected, there are many types of land that may thrive, even while others are doing poorly. For example, a drop in hunting can lower recreational land values.

While landed used for recreational activities like camping or ATV-ing hasn’t lost its appeal or popularity on the market, it is crucial to also take hunting into account when evaluating the overall land value.

#4: There’s No Guaranteed Way to Predict if Land Values Will Go Up or Down

Looking at the state of today’s land values, it’s natural to view them as unpredictable. While this holds some truth to a certain extent, there’s one surefire way to indicate what can increase the value of a property, and that is whether people move into the specific area surrounding the land. As the population rises in a given region, the demand for land will also typically increase. This boosts the desirability and price of the property. 

Let SRC Land Be Your Guide in Finding the Perfect Piece of Land

Land values can be complex. They can be tough to track, but understanding the common misconceptions about land values might give you a better idea of the value of your own land.

The best way to learn more about a property and its value would be to seek an experienced land consultant that knows the in’s and out’s of the local market while also taking the dozens of separate factors into consideration.

 

Don’t let misconceptions keep you from becoming a landowner. Contact SRC Land today to start your journey.

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4 Country Style Living Room Ideas You Need for Your Ranch

Sometimes country-style decor can get a bad wrap. Many typically imagine old, ceramic roosters from years ago or bold, red barn doors. But here at SRC Land, we’re all for country decor, and we know you can still achieve that rustic aesthetic with a modern twist you’re looking for. 

1. Bring Nature Indoors

If you’re looking for a rustic theme, using natural wood for paneling, floors, doors, or furniture is your best bet. Those warm colors will brighten up the space without overdoing it, and it’ll look similar to a lodge or a modern barn. Make sure to treat the wood with a stain or sealant close to the raw color to maintain its natural beauty.

Another option is to bring in plants to areas that get plenty of sun. The best indoor plants for bright light are cacti, succulents, agave, and figs. You can also grow your indoor plants in rustic tins or planters to make the look cohesive.

2. Make it Comfortable

People feel drawn to country decor for various reasons, the most common being comfort. Country colors, including rustic red, warm yellow, and shades of brown, are soothing colors that welcome guests to kick back and stay for a while. Pick the comfiest chair or couch possible that you can sink right into it, with full-fledged comfort. Kick up your feet on a leather, plaid, or neutral-colored sofa or chair.

Be sure to allow a generous amount of space for your family and a couple of guests, so you can all be in the same room together (all the while upholding social distancing). A coffee table would be great as well. We love the idea of building a table out of a recycled pallet or unstained and sealed wood.

3. Accessorize to Tie the Room Together

If you’re a hunter, showing off antlers can serve as a wonderful conversation starter for your living room. There’s a lot that you can do with antlers, from hanging lights, lanterns, and LED candles to incorporate them into a bookshelf, coffee table, or magazine rack.

Window treatments give off a great finishing touch, but these are generally pretty simple when it comes to country-style decor. Try going for a plaid or striped fabric, or installing straw or bamboo blinds in order to add in a neutral color while preserving privacy.

Don’t be afraid to get creative with small accessories, from ammo coasters to model cars, horseshoes, and repurposed whiskey bottles. For a rug, pick out a size that suits your sitting space, and bring in a dash of rustic color or a pattern that makes you feel at peace.

You can keep your flat-screen TV without stressing about it fitting in with your country-style decor. Just choose an entertainment center with doors that shut to hide your electronics and wiring. Get one that includes shelves for Blu-Rays, gaming consoles, remotes, and sound systems.

If you’re a book fanatic, incorporate bookshelves into your living room to create a reading area. You can also set up a chessboard or keep a collection of board games in there for whenever you plan to host a game night with family and/or friends. Dividing a living room into sections maintains the cohesive, open flow while using that space for multiple purposes to take advantage of square footage.

So, if you’ve been dreaming of that rustic man cave or neutral family room, now you have some fresh ideas to help you get started on turning that dream into reality!

 

Searching for real estate in Harlingen or another town in Cameron County? Feel free to reach out to SRC Land to find the perfect place that meets your needs today.

 

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Five Perks of Buying Land in Texas

Besides the rolling hills in Central Texas, vast fields of green in East Texas, and majestic mountains in West Texas, there are five other perks of purchasing land in Texas.

If you’re searching for land for sale in Harlingen or another Cameron County town, SRC Land can be your helping hand with their experience in decades of real estate and land development.

1. Property Tax Exemptions

When you purchase land in Texas, you may be eligible to qualify for a wildlife,  agricultural, and/or timber exemption. These exemptions can minimize your yearly property taxes significantly. The exemptions are given for land that’s utilized for agriculture, including for pasture and grazing land, timberland, and wildlife preservation. 

2. You Can Write Off Exemptions

Another financial advantage when it comes to buying land in Texas is that you may file a Schedule F in your federal income taxes. This applies to people who use their land specifically for farming.

What’s great about Schedule F is that it enables you to write off expenses assigned via farming, such as interest on a loan taken out to buy your land. On top of that, if you were to build on your property, you might be able to claim the interest on the construction loan in your federal income taxes.

3. You Can Invest and Profit Off of Your Land 

If your intent of buying land in Texas is to start your own business, you will discover that there are a plethora of businesses you can get into that you can’t in other states. You can consider opening an inn or bed and breakfast if your desire is to provide unmatched hospitality services, or you can go for a more rugged approach by opening up a hunting lodge and/or camping grounds. Whatever profitable venture you wish to achieve with the land you purchase is only limited by your imagination.

4. Financing in Your Favor

The majority of people aren’t in a position to raise the necessary funds to purchase land with only one payment. People that look to buy raw land also encounter an obstacle due to the fact that banks and other conventional lenders do not comprehend how this market works. One reason is that they may not have ways to accurately figure out the value of land as it is.

If you’re looking to buy land in Texas, you may borrow from lenders who finance the purchase and development of rural land in Texas. Certain financing companies are landowners and farmers who understand the necessities and difficulties that come with looking to buy land and engaging in agribusiness.

5. Extremely Affordable Rates

Getting the funds to buy land can be a challenge. The good news is buying land in Texas is very affordable. While rates from one area to another differ, generally speaking, purchasing land is a practicable investment that is far more affordable than buying or constructing commercial buildings.

Simple, Affordable, and Seller-Financed Land in Harlingen

If you’re looking to purchase land in Texas, you will not find better deals than those provided by SRC Land. We are a premier land development company, and we take pride in our affordable parcels of land available for sale in Cameron County.

 

If you’re searching for real estate in Cameron County, you can count on SRC Land to find the right place depending on your needs today.

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