Information Companies Need Before Purchasing Land For Development

Companies in Florida looking to build office buildings, strip malls, factories, warehouses, or any type of commercial buildings have different options to how they will accomplish it. One way is purchasing land where there is existing commercial real estate and try to renovate the buildings or tear them down and build new ones. The other, is to buy vacant land and build the structures to their liking.

There can be advantages and disadvantages to all these options but, prior to buying any land, companies need to know certain information regarding the land. Companies must know zoning laws for the land they are purchasing. Zoning laws provide information on where and if they can legally build the structures. Also, it is important they understand regulations for the land, for the height of buildings, or if they are within the boundaries.

In addition to those listed above, these companies should do a title search for the land, check whether there are any wetlands on the property, and may have testing done to ensure there are no chemicals, or other environmental hazards prior to building. Gathering all information can take some time, but it is important to know it all prior to buying. Dealing with these issues after the money has been spent on the property is not ideal.

There are many companies in Florida plan to build new buildings or develop new commercial buildings. In fact, the projects can be very expensive in the beginning, but they can also be very profitable. But the company will not be able to profit, if there are restrictions on the land. Therefore, it is vital that the company is well informed, prior to purchasing the land. That is why, attorneys understand these laws and may be able to help the company purchase the right property.

At Jurado & Farshchian, P.L., we offer a wide variety of business and real-estate related services to fit the requests of every one of our clients. Whether you are looking to build office buildings, or seeking legal protection or representation during litigation, or simply wishing to start a new real estate investment business, we can provide you with knowledgeable experts to help you reach your goals.

Give us a call today at (305) 921-0440 or send us an email to [email protected] to get started.

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