Buying a Raw Piece of Land As a Real Estate Investment
A built-up property can be sold with much more ease than an undeveloped piece of land. There are far too many considerations to be taken into account in the sale of an undeveloped land. There is a high cost for developing the property, the final result is not guaranteed and there is a low rate of return. This is the main reason for making a deal with the land seller to accept the payment with an initial sum and the rest to be paid over a period of time. This falls under the criteria of an installment land purchase as financial institutions generally levy a high interest rate for such land acquisitions.
Colorado Water Law and Water Rights for Real Estate Professionals
Early settlers ventured into the irrigated farmland in northern New Mexico and there learned much about how the natives of the region constructed dam, canal and ditch systems to transport water to the place it would be used.
Today the foundation of Colorado water law is language found in the Colorado Constitution of 1876, which states, in Article XVI:
“Sec. 5. The water of every natural stream, not heretofore appropriated, within the State of Colorado, is hereby declared to be the property of the public, and the same is dedicated to the use of the people of the State, subject to appropriation as hereinafter provided.
Why The Planning Laws Need To Be Overhauled
When you really think about it is it any wonder that we do not have enough housing. In my humble opinion the authorities are not proactive in any way shape or form when it comes to building new homes. I have always found it a real challenge when trying to get permission to build anything whether it is a new build or a simple house conversion to flats. Instead of the council being on your side and working in partnership with you, I always find it is the opposite with the planners looking for reasons to refuse a planning application.