Are you thinking of buying some land? Well, we don’t blame you!
With 2.3 billion acres (that’s billion, with a ‘b’) of terra firma in the US, there’s certainly enough to go around! Furthermore, the advantages to owning it are both diverse and plentiful. Want to find out all about them?
Keep reading for 4 exciting benefits of buying a lot of land.
It’s a Solid Investment Opportunity
Land is well-known as one of the best investments you can make! Of course, some land is better than others and you have to know what you’re doing to enjoy the potential returns. But, all things considered, it’s a solid investment.
For one thing, unlike other investments (such as cars and real estate investments), land requires no maintenance or upkeep. That, alongside a few other reasons, makes it an affordable asset to hold onto in the long term. Better still, if you time it right, buying a lot of land in a good location can deliver amazing returns down the line.
There’s Only So Much of It
Another reason land makes a great investment is that there’s only so much of it! In other words, it’s a finite resource! The bigger the population becomes and the more demand there is for housing, the more valuable your land will be.
Get it at a good price, hold onto it for the foreseeable future, and you could sell it on for a sizeable profit in the future. Manage to buy a lot of land (as in, lots of it) and you could be a very wealthy person one day.
You’re In Control
Land is also a versatile asset to get your hands on. Hand over the cash, sign on the dotted line, and you can do whatever you want with it!
Maybe you want to turn the land into a cattle ranch, create a space to go hunting, run a commercial campsite, or grow your own vegetable patch. It doesn’t matter! Assuming there are no regulations in place that’d make it impossible, you can use your land for any business venture, project, or plan you have in mind.
Use It for Storage
Having lots of vacant land at your disposal gives you an unparalleled storage opportunity too. After all, if the terra firma has nothing else on it, then you might as well unclutter your home and put everything into storage there instead! You could hire a storage container (or two) and load it up with anything you don’t need in the house.
Bear in mind that storage space is in high demand as well. Bag yourself enough containers and you could charge people to store their stuff alongside your own.