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10 Benefits of Owning Land

By: Ron Freeman on April 20, 2016, 5:03 pm

10 Benefits of Owning Land

Property ownership offers a variety of financial benefits.

The advantages of owning land can include: tax deductions, cash returns on the initial investment, and potential borrowing power. Many factors play a role in these benefits. The duration of ownership, property location and property value can enhance these benefits.

Many people don't realize that land costs drop in the country. The further away from the city, the cheaper the acreage.

Many people buy land because they want to build a home to their own specifications. They also want cleaner air and more wide open spaces.
  • Land is more fun to own than stocks. There’s a reason it’s called “real” estate. When you own land, you have the foundation to dream, plan and build your new home when the time is right. Plus, buying acreage gives you much more space, than crowded city lots.
  • Purchase land one to five years BEFORE you plan to build. Pre-buying the land allows you to benefit from value appreciation. Rather than paying that higher value later.
  • Look for a development property with “no time-frame to build.” This is the best option if you want to pre-buy land with developer amenities and infrastructure.
  • Buying land from a developer can save you money. It’s important to anticipate all future development cost and eliminate surprises. Is water supplied by the city, private water company or your own well? Will electric power be available at your property boundary? When you buy from a land developer, the cost of infrastructure and modern amenities is part of the package up front - and because it is a shared community cost, it is less than developing the land yourself.
  • Purchase land in the path of growth markets. Owning land near prime or up and coming growth areas means your property has a greater chance of increasing in value at a faster rate. Check the area for zoning, building codes, and other regulations to ensure the area will maintain its value for years to come.
  • Purchase high quality land for the best value.
  • Natural beauty is universally attractive. The presence of trees, hills, picturesque views, and water access, often yield higher value over time.
  • Be prepared to make a decision. Being a successful land buyer means being prepared to act. Do investigative homework. If you find the property perfect for your needs, don’t wait. Don’t let someone else beat you to it.
  • Take advantage of developer discounts. Some developers offer discounts for purchasing more than 1 property at a time.
  • Buy land with modern infrastructure. Modern conveniences add value to your property and increase your everyday enjoyment and comfort.
  • Amenities enhance quality of life and increase resale value. Access to boating, fishing, swimming, and hunting add an extra appeal to property.
“…small landholders are the most precious part of the state.” - Thomas Jefferson

Get all the information you need to make an informed and intelligent decision, call or email us and we can walk you through the very easy process of owning land now.

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