Author: fitcarrot

Vacant lots can be a truly rewarding investment. However, holding on to a vacant lot can also cost you; maybe right away, maybe in the long run. There are annual taxes and potentially property owner’s association fees to consider, not as many tax benefits, cash flow, and property maintenance issues, and market conditions to consider. … Continued

You own a vacant lot but you aren’t in it for the long haul and you are sick of paying annual taxes, which have been increasing steadily in recent years. You may also be tired of the upkeep required to keep the lot clean and the yard cut. Perhaps you initially bought the vacant lot … Continued

When you are ready to sell in Houston, Texas, how do you determine the value of your land? Use These Three Methods The traditional real estate appraisal process has three common approaches. The first approach is called the Income approach. The appraiser will look at the market rent for other comparable properties to get a … Continued

Investing in a vacant lot can be a highly rewarding venture, but it’s essential to consider the potential hidden expenses associated with it, whether immediate or long-term. These costs include: annual taxes, possible property owner’s association fees, limited tax benefits, cash flow considerations, property maintenance obligations, and the impact of market conditions. To explore the … Continued