Las Vegas Land for Sale
For Residential Homes See: Las Vegas Lots for Sale
Land for Sale in Las Vegas is a diverse market due to it’s global market demand for homes, horses, hotels, health care centers, casinos and tourist development. If you are looking to invest or purchase to build it is recommended to work with an experienced real estate agent. If you are looking to build a custom home in Las Vegas you may want to see Las Vegas lots for sale.
Land for Sale in Las Vegas NV
There are hundreds of miles of vacant land just sitting there in the famous Las Vegas Valley, meaning there are plenty opportunities for good investments. The reason why most investors focus on real estate properties such as houses, buildings, and condos is because they generally believe that land is boring and brings no profit. Yes, owning vacant land might sound boring compared to owning a house but there may be a lot of profit to be earned off of it.
The majority of empty and unused land in Las Vegas, 80% to be percise, is owned by the Bureau of Land Management of BLM for short. In fact, the federal government owns 84% of the land in the state of Nevada, which more percentage than in any other state. A lot of this empty land owned by the government is used for testing purposes or disposal of waste.
However, a certain percentage of the land is available at auctions two times a year. These auctions are a great opportunity to grab vacant land parcels ranging in size from 1 to 50 acres. While the pieces of Nevada land might just seem like parcels of dirt, there are actually some really good benefits to owning some of them.
Besides, Las Vegas has developed so rapidly over the years and its capacity is still growing. Being famous for stunning master-planned communities such as Henderson and Summerlin, Las Vegas is truly the best place for this type of an investment. Since hundreds of people are expected to look for their piece of heaven in Las Vegas in the near future, owning a piece of land that could be sold for building a custom dream house could turn into an outstanding profit.
Las Vegas Nevada Land for Sale
Even the less experienced investors know that timing is key when it comes to purchasing profitable properties. With the rate at which Las Vegas is growing, the year of 2018 and the beginning of 2019 is the perfect period for locking in some profitable investments. One of the benefits when it comes to investing in raw land is that you don’t have to physically visit the location to make sure it is a good fit.
The land is empty and, unlike with houses and buildings, there is nothing to be broken or rusty, which means there is going to be less headache over the process. However, the one thing you must pay attention to is the actual location of the property. If you really want to hit the investment jackpot, look for parcels that are located in the growth path.
Many master-planned communities and neighborhoods in Las Vegas are expected to grow and expand in the following years. If you lock in a piece of land that is in their way, they will have to buy it from you in order to continue the growth. Besides the already built communities and the possibilities of expansions, new communities are being built in Las Vegas at a rapid rate as well. Therefore, if you secure a piece of land that is in a good location in terms of community expansion, chances are you are going to make a lot of money off of it in the near future.
Another reason why purchasing vacant land is so profitable in Las Vegas is because of the cheaper taxes. There is no personal income tax in Las Vegas, meaning you will get to keep the full amount of the price you sell the land for. Besides, property taxes in Las Vegas are up to 70% cheaper compared to other states, which is more than enough to make you seriously think about making an investment at the right time.
Besides saving a lot of money on taxes, you will also benefit from the rising demand in the city of Las Vegas. With thousands of new job opportunities driving in more and more people, the market is full of enthusiastic customers looking for a place to call home. More importantly, everyone in Las Vegas seems to be obsessed with the idea of building their custom dream home, which is where you can jump in to offer a piece of land for construction.
The potential is truly high when it comes to considering the possibilities of investing in Las Vegas. New communities are constantly emerging and it’s only a matter of time when you will start receiving amazing offers for your piece of land. Other reasons why investing in raw land in the area of Las Vegas is so profitable is because it is generally cheaper than investing in other real estate properties. The carrying costs are as low as they can be since there is no maintenance to be taken care of or any other issues.
Investing in real estate properties in the area of Las Vegas has become so popular that the auctions have become over-crowded with builder developers. There is so much competition on the Las Vegas real estate market that many investors end up buying over-priced properties. While these properties can still provide an outstanding return on investment, there is one thing most investors in the area are missing out on – investing in vacant land straight from the market.
With very little competition in the field of investing in small vacant land, you are most likely going to secure your parcel of land at a competitive price, since there are no people constantly bidding you up for more. Owning vacant land is actually a lot more fun than everyone believes. The property is flexible, meaning you get to decide what to do with it and the possibilities are truly endless. You can sell it for residential or commercial constructions, build something yourself or even decide to wait and see what happens down the road.
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