Are you looking for land to invest in? Possibly you’re looking for the perfect location to build your dream home, or maybe you’re looking to buy land as a commercial investment. With its beautiful lake, mountain views, and exciting recreation opportunities, real estate in Lake Chelan, WA may be worth your consideration.
Here are some reasons why buying vacant land in Lake Chelan is a smart investment. We’ll also include some key considerations to make your investment a success.
- It’s affordable
Bying land is often less expensive than other types of real estate, making it ideal for investors, particularly those who want to get into the market but are unwilling to purchase already developed property that doesn’t quite match what they want. Often, it’s better to buy cheaper land, and although there will be additional development costs, the property will be exactly what you want.
- It provides you with flexibility.
Buying land gives you full flexibility to construct whatever you wish. Build your dream home from the ground up, exactly how you envision it. Decide how many rooms you want and where they are placed. Do you want a swimming pool or a large front yard?
If you’re looking to build a commercial property, you can choose from the start whether the space will be a multifamily building, office, retail space, or any other type of commercial real estate. It is important, however, to know the jurisdiction’s zoning and building codes of the property you wish to purchase. Consulting with a realtor will provide all the information and assistance you need to confidently pursue your real estate purchase in Lake Chelan.
- Appreciation over time.
Land for sale in Lake Chelan, WA, like in other areas, tends to appreciate over time. This is especially likely in Lake Chelan given its popularity as a vacation destination. There will be future developments, such as residential and commercial projects, that will make it an even more desirable place to visit or call home. Furthermore, any development you make to the property will increase its value. Considering this, you can expect a handsome return on your investment if in future you decide to sell.
Some things to consider when buying Lake Chelan, WA land for sale
While buying land is an exciting venture, there are some key considerations to keep in mind. Here are some of the most important:
- Septic system availability. Know what kind of septic system will be installed on the property. Some properties can connect to a shared sewer system, while others will require their own septic tanks.
- Access to water. Know how you’re going to get water to the property. Ask your real estate agent if there’s a community or public water system nearby, or if you will need to drill a well. This could significantly impact your budget.
- Critical areas. Chelan County regards streams, ponds, and marshes as critical areas, and they govern activities near them. Hire an expert to assess and advise you on any critical areas near your property so you can plan accordingly.
Find the best Lake Chelan, WA land for sale with Coldwell Banker Lake Chelan Properties
We look at buying Lake Chelan, WA real estate as more than just a business transaction. For those looking to invest, it means building the house of their dreams or the start of a business they’re passionate about. If you’re thinking about buying land in Lake Chelan or the surrounding areas, we will be more than happy to assist you in realizing your objectives. Call 509.682.7777 or send an email.