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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5 Mistakes You Should Avoid When Building a Home

If you’ve decided to buy a lot in Harlingen to build your dream home on, you’ve probably noticed there are a lot of pitfalls waiting for you. Luckily, there are also lots of resources available for people looking to build there own homes. 

When you’re ready to put down roots, you’ll need the perfect place to put them, and the property experts of SRC Land can help you find the perfect lots for sale in the city of Harlingen.

 

1. Poor Planning

Poor planning is by far the biggest pitfall for those building their own homes. From budgets to the HVAC system, there are all different sorts of factors that need to be planned for, and each represents an opportunity to incur added costs. Failing to properly plan your HVAC system can lead to moisture and mold growth while failing to maintain a budget can lead to shortfalls and delays. 

 

2. Sub-Par Spacial Design

Spacial awareness is key to creating a functional home design. Unless you are planning to build a massive home, each square foot matters. You’ll need to make sure you have enough storage to account for your family’s lifestyles, and the plan also depends on how long your family plans to stay in the home. Thinking ahead is indispensable considering the size of the investment building a home represents. 

 

3. Lacking Lighting

Technically, lighting could probably also be included under “planning”, but it’s such a common mistake that it deserves its own section. You need to make sure you have plenty of outlets and plenty of light fixtures. Natural light from skylights and windows should be your number one priority in this area as it is a great way to save money from costly electric bills, but we shouldn’t forget about standard light fixtures’ usefulness as well.

 

4. Under-Utilized Rooms

When designing your home, it can be tempting to start adding playrooms, game rooms, or multipurpose rooms; however, this can lead to rooms that don’t actually get used. Spaces like home gyms often end up serving as storage, showing once more the importance of taking your family’s lifestyles into account. One way to avoid this pitfall is to plan rooms that can be transitioned from one need to the next. A sewing room can double as an office, which can double as a guest room, and so on!

 

5. Know Your Needs

Building a home is an exciting prospect, and just about everyone you know will probably have some bit of advice or insight to share. This is great, and these tips can be useful, but you and your loved ones know your needs best. Construction professionals are an especially useful resource, but they can’t determine what your family does and doesn’t need. Your needs are the single largest factor in the decision-making process behind designing a house, and you know your needs better than anyone else.

 

SRC Land: Idyllic Lots for Sale in Harlingen, Texas

Building your own home is one of the greatest joys and experiences in life. It truly is an adventure, but as with any sort of adventure, there may be dangers along the way. Hopefully, this overview will help you avoid some of the common mistakes made by those building a home— or even a business— for the first time.

Before you can build your dream home or business, however, you have to find the perfect lot to build on, and that’s where SRC Land comes in. We have a collection of lots for sale, and we’re confident we can find the ideal spot for you and your family.

Looking for the perfect place to put down your roots? Contact the property experts of SRC Land now.

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How to Secure Your Down Payment for Land

Deciding to invest in commercial properties in Harlingen, Texas is an excellent choice and one that the staff at SRC Land supports entirely. Land ownership in Texas is an increasingly profitable investment, and thankfully, there are basically unlimited ways to profit from purchasing commercial properties in Texas.

Residential properties, on the other hand, also make a great foundation for your American dream in the state. No matter what your reasons are to consider beginning your land ownership process, the expert team at SRC Land can help.

The first step in purchasing more property is ensuring you have enough money to make an initial down payment. Typically, this is just a percentage of the entire cost and will be used to help you finance the payment in full over time, so it is important to make sure you’re in a place that’s financially sound for acquiring more property. 

1. Reference Your Financial Portfolio and Savings

While you may be surprised by how much you already have saved, it’s important that you check all the assets you have including certificates of deposit (CD), money markets, saving accounts, and other funds you may have in financial institutions. You may not wish to spend the entirety of your savings on a property purchase, but your available funds and assets should help you determine if taking this big financial step is right for you.

2. Sell Unneeded Valuables and Hold a Garage Sale

Take a look around old storage spaces in your house, like the garage, attic, or crawlspace. You’ll want to find big-ticket items that you can sell for a profit, anything from an extra vehicle not in use anymore to spare pieces of jewelry laying around.

While it may be hard to part with some of these items, selling them can help you reach your financial goals to purchase property. Advertise for a garage sale in your community, and set a date to try and get sell some of the items you find and are comfortable selling. 

3. Join Online Selling Platforms

If you want to take a more virtual approach to earn some extra money, there are websites like Letgo and Poshmark where you can open an account on to sell products laying around your house that you aren’t using as regularly. In addition to clearing up space in your home, you can work your way to getting even closer to having sufficient funds to purchase a new property. 

4. Team Up With a Family Member to Save

If you have a person in your life who you trust and you would like to share your new property with, work out the details of the payments and ownership before moving forward with anything else. This can be an excellent, if often overlooked, way to acquire new property. This method can help you and your loved one expand investment options as well as your assets. 

5. Take the Owner Financing Route

It is common for property buyers to work with sellers on paying off the overall purchase of the land. This is especially helpful if for some reason you can’t get a loan to help with the purchase. Owner financing is a way for those without credit or with poor credit purchase land by allowing them to seek financing directly from the property owner.

This process bypasses the usual red-tape associated with traditional lending and allows lenders and borrowers to negotiate terms more directly. While it may not be a possibility with every lot distributor, SRC Land can help you purchase the lot of your dreams through a seller financed mortgage.

SRC Land: Making Land Ownership a Reality in the City of Harlingen

Our team at SRC Land is committed to helping you weigh out your different options when it comes to moving forward with this new purchase. Follow these steps, take stock of your assets, and let us know how we can help you pursue your dream of owning new residential or commercial property in Texas.

Looking to purchase land in Harlingen? The road to land ownership is one call away.

Contact SRC Land Today

The Covid-19 Impact on Real Estate

The spread of COVID-19 has had massive impacts on all of our lives. From getting groceries to paying rent, everything is a little bit harder right now, and many are struggling to make ends meet. One question on many people’s minds is how the pandemic will affect the real estate market.

Luckily for Texas residents, the real estate market hasn’t slowed down too much due to the virus. Now that businesses are reopening in Texas and other parts of the county, the normal way of doing things, like touring tracts of land and holding open houses, is starting up again. The process may be a bit different, but real estate is still an incredible investment opportunity.

Real Estate Investment Still Makes Sense

While there is a considerable amount of uncertainty and volatility in the real estate market because of the pandemic, the overall trend in real estate has historically always been towards higher allocations and investments in real estate.

Real estate allows individuals to invest in their future with a high probability of good risk-adjusted returns. Real estate is less correlated to other asset classes, meaning it represents an excellent way to diversify your financial portfolio.

While the value of many assets is closely tied to the overall performance of the economy, real estate is a safe investment during times of volatility in the commodities and equities markets, especially now, and over the medium to long term, experts expect to see a continued flow of capital into real estate.

Long-Term Trends Accelerated by COVID-19

There have been a number of trends in the real estate market that have been accelerated by the novel coronavirus pandemic, and experts expect these trends to continue after the pandemic has ended:

  • Rising Capital Allocations — Real estate is increasingly seen as a “flight to safety” compared to other asset classes.
  • Urbanization — The pandemic is likely to influence future urban design.
  • Technology — Work-from-home technology is likely to influence how business is conducted long after the pandemic ends.
  • Sustainability — As we return to normal post-pandemic, it’s likely that there will be a renewed focus on sustainability and climate responsibility in the real estate sector.

With a Variety of Properties for Sale, We’re Confident We Can Find the Ideal Lot for You.

Once the pandemic is over, there’s no doubt that all of us will be in the midst of adapting to a “new normal”. New trends have already begun to take hold, and governments, businesses, and communities have all faced adjustments. Still, there will be consequences to this pandemic which we have no way of foreseeing.

Despite all of this uncertainty, real estate remains a good investment. While the stock market is yoyoing wildly, real estate has been relatively more even-keeled. If you are considering purchasing a plot of land in Texas on which to start your American dream, you’re already on the right track. Now, all you need to do is contact the team at SRC Land to start looking.

Locate the perfect place in Harlingen to build you and your family’s future today.

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