Sunday, July 26, 2009

Buying Lake Land From Developers

By Hubert Miles

Purchasing lake land for sale in the United States doesn't have to be hard. In fact, lakefront land in the US is becoming a popular investment opportunity simply because the amount of lake land is scarce, and the demand for lake land continues to rise. With the high costs and eminent dangers of living on the beach, many people are giving up there beach homes in search of lakefront land. As more and more investors are developing private communities that resemble small towns than subdivisions with shops, restaurants, golf courses, and other amenities.

When the lakefront land is purchased, the construction phases begin. The early construction phases typically consist of paving streets, adding street lamps, a community center, a show model, a fitness center, the golf course, boat slips, and a community pool. As salespeople start the process of selling the lake land, the developers will begin constructing the retail spaces that will be available for lease.

While much of the land in these developments are geared toward the construction of large luxury single family homes, investors are also finding golden opportunities in the construction of small villas and condos that are attractive to retirees who are looking to maintain a certain sense of lifestyle. These condos and villas are perfect for rentals for vacationers or small families who would love to live on lakefront land but have no desire to build a large home.

Before you begin your search for lake land, try to have an idea of what activities you will be planning to do at the lake. If you are looking for a place to boat, fish, ski, or swim be sure to ask the sales agent if there are restrictions on these activities. Some small man-made lakes have limitations on activities such as this while some natural lakes may have limitations due to environmental factors. The real estate agent will be able to explain any restrictions to you in more detail.

In Closing

Once you find the lakefront land you like, the price of the land will be dependant on the current market conditions. In a slow real estate market, bargains on lake land will likely be plentiful. Do your homework on the market within the area you would like to purchase in. Prices will vary greatly based on the market as well as the amenities of the community.

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