Unique opportunity to obtain a private 34-acre building site in the Southwest Mountain Range in Keswick, Virginia.
1. Land is scarce
This may seem like an obvious reason, however, it is an important one! Empty lands are only becoming more and more limited as time goes on. Being a land owner is being an owner of something that is finite, so take advantage of this.
2. Cheaper expenses
Investing in land is great for those who are looking for the lowest maintenance possible. Owning vacant land has the lowest expenses in real estate investments. Avoid utilities, pay fewer taxes and fewer mortgages considering that you purchased an empty piece of land!
3. Build your dream home
Location, location, location. Instead of searching for the perfect home in the perfect neighborhood, why not build you dream home on a property you love? This is a larger undertaking, of course, but for those looking to make a home truly theirs, this is a great solution.
Land can be used for a variety of options that will suit anyone’s needs and ambitions, whether it be for building a home or commercial building, farming, or livestock. You can typically rent, sell or even develop the land depending on your financial expectations and ability.
5. No depreciation
Vacant land can’t have a depreciation value because it cannot be destroyed, moved or affected negatively under any circumstances, natural or unnatural. So when investing in land, an investor is able to rely solely on appreciation, worst-case scenario!
Frank Hardy Sotheby’s International Realty