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After a record setting increase in housing costs over the last couple of years, the United States Real Estate market has been dragging for over two months now. The problem is that many people, trying to cash in on the real estate market, are now finding themselves with no income as the demand for housing has slipped. Owners of good land, however, are not going through the pitfalls that realtors are facing. .This is why land investment is a safer, and more lucrative, way to get into real estate.
There are many advantages land investment has over the housing market at this time:
- You do not need a realtor to sell land.
- Land value is affected by its surrounding, not the overall real estate situation.
- If you buy land and simply sit on it, you will most likely get a very good return on your investment.
- Land Investors are not dependent on real estate cycles in the housing market.
So what kind of land should you buy? Lots that are zoned residential and near amenities are your best bet. Utilities, road access, and the number of schools, hospitals, etc. is also extremely important. For example, in Grand Valley Lakes Subdivision, located in Tennessee, you can buy a $10,000 residential and build able lot right near the golf course and three lakes. The more houses built in this subdivision, and the better the golf course gets, the more your land appreciates! There are other great ways to invest in land as well. If you own 100 acres of raw land, for example, you might want to consider making a subdivision. This would make a lot of work and money, but if you can build a subdivision, with roads and utilities, the return on investment is staggering.