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Buying The Best Houston Land For Sale

Jan 9, 2008
Houston land for sale at the moment is attracting a lot of buyer attention, if not a lot of offers at this point in time. The recent developments in the housing and home finance markets have made many smaller investors who would otherwise have had access to funding unable to buy property. This leaves a perfect niche for anyone with a bit of capital to jump in and secure them self a winning investment.

Whether you are looking to build your own dream home or buy land and apportion it off to sell to developers or individual investors, there are a lot of options in Houston. Land ranges from small one-home plots to vast tracts of unspoiled land, but unfortunately there is not a lot going in the middle of that range.

For those looking to build their own small home there is plenty of Houston land for sale in some very enviable positions. There are sea views and properties with easy access to all of the local conveniences you have come to expect from a large city like Houston.

Buying a home in the area you want to live might be a little expensive but the building industry in the city is highly competitive and you will probably find that you can buy land and build your own dream home for less than an equally-sized home would cost you.

If you find the right land and source your building contractor wisely you could end up with a piece of prime Houston real estate. The area has not been hit as hard by the sub-prime lending crisis as cities in the neighboring states, and although property sales have slowed the market continues to show promising growth. Some of the homes in this area might be considered to be over valued, but this is definitely an advantage for anyone looking to buy land.

Unfortunately, a lot of the Houston land for sale has been bought up by large developers who are quickly turning it into new housing developments and business parks. As a result you are far more likely to find a small new home than you are a large plot of land.

Still, if you are looking to buy outside of the city limits you can get large tracts of unused land that will show their value in an estimated ten to fifteen years at the most. These plots are just outside of the city and although they are not seeing current use, the current growth of the city to accommodate more residents and more businesses indicates that these areas will most likely increase in sale value tremendously in the future.

For those larger investors still looking to get into the Houston housing boom you will probably want to shop very selectively before choosing your new site. There are a few large plots available closer to the city and inside the city, but these might be a little too pricey for their potential in the near future.

There is always the option of buying a ground lease for sale - Houston will probably have several of these available at any one time, but again shop selectively as these can often have very complicated terms and conditions. It would always be best to get a qualified realtor to look over any lease you intend to buy and get as many professional opinions on it as you can.

In and around Houston, land for sale is available just about everywhere, but there is a great amount of variance in quality and potential for income or growth, which ever you are after. Buying the wrong land can be costly, and there are many stories of people buying a plot thinking they would make millions off its development, only to land up with a piece of Houston land that nobody wants.

There is no substitute for knowing about the property market you are buying into, so make sure you consider any buy case extremely carefully. Remember that you can always wait for another development, but if a once-in-a-lifetime opportunity comes your way you need to be able to recognize and seize it as quickly as possible.
About the Author
The Johnson Development Corp. is a Houston-based residential and commercial land development company that has over 40 years of experience in the real estate development business. For more information visit http://www.johnsondevelopment.com
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