Buying land is a great opportunity to invest in your future, especially in a booming city like Boston. While purchasing land has great potential, it is also a big decision and tends to be stressful when it comes time to finalize a purchase. Luckily, we’re experienced in the business of buying and selling land in the Boston area. Let’s dig into a few of our most important insights for anyone planning to buy land in 2020!
Look for High Growth Areas
When you’re buying land, you not only have to think about the current state of the area the land is located in, but what the future holds too. Of course, it’s impossible to know the future, but you can follow growth trends around the city. Buying in an area that shows steadily high growth rates helps to set you up for success and, hopefully, a profit in the future. Great Boston is continuing to expand with no sign of slowing down in 2020, so this is a great time to invest in land!
Before you agree to buy a piece of land, you want to know it can serve the purpose you need it to. Check with the seller and with the city to ensure the land isn’t already zoned for a specific purpose. If it is, it could complicate the process of purchasing and owning the land. Ideally, you should find land that hasn’t been zoned, or that has been zoned for something that fits in with your vision for the space. Zoning is a long process, and if you purchase a piece of land that has already been zoned for a purpose that doesn’t fit with your plan, it could set you back quite a bit of time and money!
Partner with Industry Experts
Partnering with an expert in buying and selling land helps protect you against making poor buying decisions and creates a more seamless purchasing experience. Quinn & Associates team of real estate experts are not only familiar with the process of buying and selling land, but they also know what areas of Boston are on the rise and offer the best opportunity for a profit. Using someone experienced in the industry will ultimately save you time, money, and ensure you make a smart land purchase.
Give our office a call today to schedule a consultation to discuss the land you’d like to purchase in 2020. Let our real estate experts make the first step in bringing your vision to life!