Before buying land for development, you should first create a budget to help ensure that it will be a profitable investment. Aside from the piece of land's location, there are several other aspects you should consider. Most importantly, you should check that the land is zoned for septic if it is not already connected to a municipal sewer system, and make room in your budget for the installation of a water and sewage system.
Furthermore, you should take nearby roads and topography into consideration before making your purchase. Inaccessible land won't have much value on the open market, and you would have to look into building your own roads if your property isn't already connected to local roadways. If the space is located too far outside of municipal boundaries, you might also have to pay extra for a power company to install a pole in your direction. Finally, you should also check existing environmental restrictions, landowner rights, and other zoning restrictions.