Vacant, raw, bare, undeveloped … these generally are not words you would associate with an exciting investment opportunity. But when you pair those words with land, you can get excited about one of the most stable and overlooked, long-term investments available.
Vacant land. Sure it sounds boring, but that can be one of the best parts about land as an investment. Here are the top five reasons why you should consider it in your portfolio:
1) Vacant land can be a no-fuss investment.
Vacant land means simplicity and stability. You don’t have to deal with any of the problems that can come with owning other types of real estate. There are few, if any repairs, no tenants, no renovations and no utilities.
2) Land is cheap to own.
After the initial investment, raw land property taxes are insignificant, there are no mortgage payments, no monthly bills, and the insurance is minimal if you choose to have it at all.
3) Buying land can be extremely easy.
Companies such as LandCentral make buying land as easy as buying your favorite DVD on Amazon.com. You can browse from your favorite easy chair, and within five minutes, a credit card and as little as $149, you can be a land investor. You’ll emerge completely free of the hand cramps that come from signing the reams of paperwork for a traditional mortgage.
4) Land is a tangible asset.
While your stocks can become worthless paper overnight, you don’t have that problem with land — it’s still there. Land is a solid, tangible asset. It doesn’t wear out, it won’t break and no one is going to walk off with your land in the middle of the night.
5) “They aren’t making any more of it.”
This famous Mark Twain quote may sound cliché, but land is a finite resource. This is what makes land a good investment, especially as a population grows and the demand for land rises.
So, if you’ve overlooked vacant land as an investment opportunity in the past, there’s no time like the present to start. Learn more about selecting and purchasing land in our Land University or visit our Start Browsing Land For Sale.