Buying a vacant lot is a decision that needs to be evaluated from many different aspects.There are several parameters that developers consider before purchasing a vacant land and build on it. These parameters include; location for the intended use, financing options,cost of development and restrictions such as zoning and building permits.
The zoning regulations dictating what type of construction is allowed on a piece of land has to be verified to confirm suitability of a target property for its intended use. Required information can be obtained from the local planning and building departments. Most areas now have general plans, which contain zoning plans for the next 20 years.
Your agent can work with you to help identify the right location for the intended use, make required contacts and guide you throughout the acquisition process.