5 Reasons Investing in Land Is the Smart, Safe Choice
Land is a finite resource, which means supply is rapidly dwindling. We’re currently experiencing a population boom, with the world population projected to reach 9 billion people by the year 2042. Owning property provides you with the security you need. You’ll know you have your piece of forever while others scramble to find unclaimed, undeveloped land.
The promise of rising property values as demand begins to challenge the supply is only one great reason to invest in land right now. Here are 5 reasons to seek out land for sale as soon as possible:
1. Plenty is still available…for now.
We do foresee the amount of land available diminishing in the near future, but for now, you still have plenty to choose from. If you live in the city, you may wonder just where to find this land we’re talking about. A quick drive in any direction will show you more available land than you ever thought possible.
Most of the available tracts of land in Tennessee are still close enough to a major activity hub that commuting is possible. Of course, if your aim is to get away from the hustle and bustle of a large city, you can find enough land for that, too.
2. Land holds its value better than other investments.
The idea of investing right now may be scary, even with the improvements we’ve seen in the economy lately. It seems we’re often only one day away from financial collapse. The truth is, as stocks and home values plummeted during our last economic crisis, land investments retained their values.
The reason land holds its value is because people search for something enduring when they invest during troubled times. While the usual investments are abandoned, land purchases increase. That demand keeps the values up.
3. You get out what you put in.
After buying acreage, you can let it sit and maintain its value, or you can invest more into your new property for a greater return. Simply adding a well and septic system to your land will increase the value exponentially. Any structures you add after will also boost the value.
The best part of all is that it’s your land; you can do what you want with it. Save it for retirement, prepare it for your children, or move out of the city to your own slice of heaven.
4. Buying tracts of land is easy.
The process for purchasing land is very different from buying a house. First, you can buy your property with a low down payment. We provide a low fixed-interest rate, so there will be no nasty surprises later. Once you begin the process, you’ll need a survey of the land and perhaps an appraisal. Additional inspections are entirely up to you, depending on what you want to do with the land once you own it.
We’ll walk the property, discuss your concerns, and review the contracts until you’re completely satisfied with your investment. Once you’ve made the necessary payments, the warranty deed will be recorded in your name. For land in Georgia, South Carolina, and Tennessee, timely payments for six months are required before the land will be recorded.
5. Land developments are constantly and rapidly expanding.
No matter where you purchase land in Tennessee, Georgia, or South Carolina, you can count on one thing: Land will continue to be developed. As that land is developed, the value of your property will continue to rise.
Of course, you can also begin development on your acreage from the moment you make a down payment. Once you take possession, the land is yours to begin making improvements, and as you know, any improvements you make will only boost your investment’s value.
As you can see, raw land is a very safe investment and will remain so for years to come. In fact, due to the laws of supply and demand, your property will only continue to go up in value as more and more acreage is purchased. Like we said, there are only so many “pieces of forever,” and once it’s all sold, it’s gone. Are you ready to buy land in Tennessee, South Carolina, or Georgia yet?