There's no need to emphasize that contemporary urban life took its toll on its dwellers. It's getting increasingly difficult to raise a family in a city surrounded by a culture that has little to do with real community life. Before we get into the city-hating modus operandi, it's better to try something else. Something more practical. Did you know that many families see buying land as a part of the backup plan if things in the city turn awry, for the sake of having an emergency retreat
, and as an excellent investment? We've also got some facts to back up that statement. In the text below, we'll show you why buying land is a great investment for many families throughout the US. Stay tuned!
#1 Allow yourself peace of mind
You probably didn't know that land is something folks call the "golden child" of investing. It's pretty much impossible for land to end up stolen or destroyed. Also, you don't need to waste days maintaining or repairing it, leaving you with more time to enjoy yourself with your loved ones. It's not like investing in real estate, which can be a pain, as folks at bestcrosscountrymovers.com
tell us. They listen to people moving from home to home and have gathered quite a sample of information. Moreover, land in its natural, basic state will always have value, and there's nothing you can do about it (in the most positive sense). Remember that the critical factor in putting some money into the land is choosing a property with building/housing potential. In other words, you need to have the option to do something with it. Don't worry; someone can't steal your land or destroy it.
#2 Land appreciates over time
Buying a piece of land
will provide you with extra security and returns. You're probably well aware that investing in stocks might be tricky, while saving accounts have low interest. That's why buying land seems practical for families that enjoy stability. We'll give you a perfect example of why buying land might be the investment you've dreamed of: let's imagine you've bought a piece of land for a certain sum of money when your kid was born. By the time your child obtains a driver's license, there's a good chance that the value of your land will have doubled, tripled, or even quadrupled. You just sit & wait because the land will certainly appreciate over time.
#3 Enjoy little to no competition
It's a common thought that people who invest in the land see very little competition when trying to buy a property. We'll take a guess and say that you're pretty tired of dealing with stiff competition each time you're trying to buy a property and each time when someone outbids you on every good deal you've found. That's why buying land won't damage your nerves or confidence. You should "exploit" the fact that most investors don't get the fantastic benefits that come with land, so take advantage of their ignorance! When you're buying land, you won't have tough competition, if any.
#4 Land is downright inexpensive to own
Here we'll try to introduce some of the benefits buying land can have for your family budget: You won't have to pay any utility bills The cost of property insurance is nominal (if you've got one) Property taxes aren't that something you'd call expensive Once you obtain a piece of land for the right price, there won't be any mortgage payments that you'll need to make. As you can see, you can invest money into buying land and forget about it afterward. Instead of investing someplace else, invest in raw land and put some relief on your family's budget.
#5 Build your dream (vacation) home
By buying a piece of land for your family to own, you're investing in the quality of life. As we've already noted, many folks choose country life over city life. Once you own a piece of land, you can build your new home on it, either for your family to live in or rent. If you're a Washington city dweller or moving here form a different state, there's a chance that you'd like to try out living in the country. Many folks living in our country's most scenic state do it. Also, you can always count on Washington's own moving providers to help you settle with ease
. So, if you dream of leaving the city for a more natural atmosphere, buying yourself a piece of land to build on is the way to go. If that doesn't work out, you can always rent the place to folks who enjoy the outdoors. Build the home of your dreams on vacant land. It’s one of the reasons why buying land is a great investment for families.
#6 There's no need to worry about government legislation
Once you buy yourself a piece of land, there are no risky government legislations you'll have to worry about. Remember the Dodd-Frank legislation introduced way back in 2010? If so, know that only real estate owners need to pay some attention to it. And what about the SAFE (Secure and Fair Enforcement for Mortgage Licensing) Act? Remember that one? It appeared in 2008 as a response to the mortgage crisis. It doesn't apply to transactions that deal with vacant, raw land. All in all: there are no legislations to worry about and no need to hire lawyers or legal advisors to help you meet specific government requirements.
Final thoughts on the subject
All these reasons are why buying land is a great investment for families. Now you're well aware that investing in land is something many families do, and for good reasons
, too. All in all, we're pretty sure that you'll give this idea some good thought!