2.8 Acres Along Serenity Road, Corozal District, Belize

Description

2.8 Acres Along Serenity Road, Corozal District, Belize

This lot is a 2.8 Acres tract on Serenity Road approximately 4.40 miles north of Corozal Town with access to electricity and water, located in an up and coming established neighbourhood along Serenity Road – Here Is Why You Should Be Raw Land Investing. It is located 2 miles from the sea with access to a public beach, directly east of the property.

Can be subdivided into two house lots as the area is steadily growing or you can build your dream home.

With the right knowledge and experience, subdividing this land can be highly lucrative as a real estate investment as house lots in this area are in high demand.

At the very least, those interested in buying land are only limited by their imagination. Zoning is Mixed Use for Residential/Tourism. The key to successful raw land investing is a unique combination of due diligence, hard work and of course, profit.

Raw land investing is becoming increasingly popular among real foreign investors as Belize becomes more and more popular with easy ownership of raw land.
Investing in raw land always represents a blank canvas for those with the foresight to do so properly—raw land may be developed into whatever the investor sees fit. Perhaps even more importantly, investing in raw land has become synonymous with persistent cash flow and appreciation.

Depending on your time frame and investment goals, you can implement various strategies to make your land investment successful. Let’s take a look at a few different land investment strategies, each boasting their own unique pros and cons. The different types of land investment strategies range from simple to complex, and the amount of time, money, and management will vary greatly depending on the strategy you choose. Here are the various ways investors can make money by investing in land:

Divide plot into two plots to increase its value.
Develop on the raw land to increase its use and value.
Buy and hold raw land, as it has historically appreciated more often than not.

Subdivide For Land Sales:

Investors can make money off their raw land investment by subdividing it for land sales. Investors have the potential to increase the total land value of their investment by separating it into smaller lots and selling them individually to buyers as house lots. In many cases, the subdivided land can be more valuable than the whole. This is due to marketability, and the fact it might be easier to find a buyer for a smaller, more affordable parcel of land, as opposed to one large lot.

The subdivision process of raw land consists of mapping and legal documentation with the Lands and Survey Department and Lands Department. The mapping aspect refers to the proposed subdivision area, referred as provisional approval in Belize and how it should be defined, while the legal documentation involves submitting the proposed subdivision, which generally includes an application and fee, to the Lands and Survey Department. The subdivision mapping is recorded at the Lands and Survey Department records if they approve the application.