Charlotte Land is a popular item for a person relocating to the great Charlotte Real Estate area.  The greater Charlotte NC region has been experiencing fantastic growth for the past two decades and the cost of Charlotte acreage is reflective of this demand.  There are many considerations prior to purchasing Charlotte property.  It naturally depends on your intentions.  For specific information or a more refined search, contact me, Rick Waite at 704.770.6559 or email rjwaite1@gmail.com.  

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Here are some terms you may encounter with Charlotte land purchases: 

Charlotte Raw Land - Raw Land is land that has not been developed.  More times than not, there will be no public sewage and water available at the property.  This means your lot will need a well and septic system.  Ultimately it will be the local governing authority that dictates the rules for a septic system.  There is a risk involved in purchasing Charlotte property so research is required before you build your Charlotte dream home.

Charlotte Pre-developed Land - Pre-development land is purchasing a lot from a developer before the remaining infrastructure is in place.  There are various phases (also depending on the local municipalities) of land that developers can legally sell.  You can get discounted Charlotte lots this way but you are taking the risks that the developer will in fact follow through with the plans and the time frame for the infrastructure (roads, etc.). 

Charlotte Building Lots - Purchasing building lots is the safest option.  The infrastructure is already in place for this Charlotte property and should have the necessary approvals.  There will be building restrictions but this is intended to maintain the value of all of the homes for sale within the area. 

The greater Charlotte real estate area is not just building homes but creating entire Charlotte neighborhoods and often radically transforming neighboring surrounding cities and towns.  Knowledge of Charlotte Property demographic trends, infrastructure and transportation are essential consideration.  You do not want to purchase your dream home only to be surrounded by an apartment complex 3 years later.

Many people have a difficult time determining the true value of the land.  There are several factors but the primary factor is based on the value of the average home within the neighborhood.  The land is values at 1/5th of the total value.

For example if the neighborhood supports $200,000 homes then a lot is valued at $40,000.  If the neighborhood supports million dollar homes then the land value will be $200,000.  There are deviations based on the view, cul de sac, on a main road, a larger lot than the neighborhood norm along with many other variables. 

This evaluation does not address zoning, neighboring areas, demographic trends or utilities.  These factors are all considered but the 1/5th general rule will help you better assess your property value.

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