Everyone has an idea of what they would do with a big tract of land! Whether its a cabin, underground bunkers, Batman Dark Knight Style Man Cave or something else entirely. There are so many amazing reasons to own land apart from the Bat Mobile launcher out of the side of a mountain and I have listed a few of them below!
For the Investment!- Simply put, land is almost always an appreciating asset. Unless you buy property in Las Vegas during a bubble, land rarely depreciates. Even more importantly, over the long term even most of the people that overpaid in the recent real estate bubble will eventually see their land appreciate past its purchase price.
Recreation – Even a property meant as an investment can also offer enjoyment for you and your family. Hunting, fishing, hiking, horseback riding, gardening, Bat Mobiles and whatever else you can think of are all great reasons to own your own property for your enjoyment.
Conservation – Buying large tracts of land, particularly wetlands or perhaps areas surrounding other property you own, can be a good way to ensure a good ecological use of the land, or to prevent others from overdeveloping around the property you already use. Also, large enough areas of land that are undeveloped can be used to sell carbon offsets. While not a huge source of revenue, every little bit counts when trying to make land conservation affordable.
Development - This may mean multi-family properties or office buildings to some people, or to others it may mean erecting a family cabin and barn for a place to retire or even a high tech Bat Cave, whether permanently or for the weekend. Building a custom home can create a strong bond between you and your family and the land, especially if you took part in the construction.
Low Risk – Aside from some liquidity risk and the possibility of buying in an overpriced area – both of which can be mitigated through long-term investment – land ownership coupled with some due diligence and liability insurance is a fairly low-risk proposition. Inflation hedging is built into the nature of the property’s price, and there are few things you can do to the land to make it totally useless and somethings you can do to it to make it totally priceless.
There are many other opportunities available with land both here in the East Valley and all over the state! Take a look at the opportunities below and let me know what you think!
~Garner Real Estate Team
For the Investment!- Simply put, land is almost always an appreciating asset. Unless you buy property in Las Vegas during a bubble, land rarely depreciates. Even more importantly, over the long term even most of the people that overpaid in the recent real estate bubble will eventually see their land appreciate past its purchase price.
Recreation – Even a property meant as an investment can also offer enjoyment for you and your family. Hunting, fishing, hiking, horseback riding, gardening, Bat Mobiles and whatever else you can think of are all great reasons to own your own property for your enjoyment.
Conservation – Buying large tracts of land, particularly wetlands or perhaps areas surrounding other property you own, can be a good way to ensure a good ecological use of the land, or to prevent others from overdeveloping around the property you already use. Also, large enough areas of land that are undeveloped can be used to sell carbon offsets. While not a huge source of revenue, every little bit counts when trying to make land conservation affordable.
Development - This may mean multi-family properties or office buildings to some people, or to others it may mean erecting a family cabin and barn for a place to retire or even a high tech Bat Cave, whether permanently or for the weekend. Building a custom home can create a strong bond between you and your family and the land, especially if you took part in the construction.
Low Risk – Aside from some liquidity risk and the possibility of buying in an overpriced area – both of which can be mitigated through long-term investment – land ownership coupled with some due diligence and liability insurance is a fairly low-risk proposition. Inflation hedging is built into the nature of the property’s price, and there are few things you can do to the land to make it totally useless and somethings you can do to it to make it totally priceless.
There are many other opportunities available with land both here in the East Valley and all over the state! Take a look at the opportunities below and let me know what you think!
~Garner Real Estate Team
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