Is buying lands a good investment?

[Aniwhyte]

Buying of land is a very good investment, as land normally appreciates with time and would never depreciate. You can finally sell it off someday in the future as by then it must have finally appreciates or you could build something on it when that time finally comes depending on your budget you could build, houses for rent, schools, hotels etc the list is just endless. I bought a land 3 years ago and right now the price of that land is 3 times the price of how it was back then when I bought it. So I'm trying to tell you that land investment is one of the best investment out there as it can never depreciates, but would keep on appreciating as each and every day's passes by.

 

[Ephy]

Yes it is. Land business or investment is very much profitable in that other business might depreciate but land will always appreciate in value. As years goes by the price of the land keeps on increasing more so when the area is developing at high speed the prices prices always also do increase at a speed rate compared to goods this depend on demand and supply, when the demand is high always supply will be high and the prices too hence vice versa.

 

[Vinkce]

You’ve heard it before: “land is the best investment.”

But is it?
Traditional wisdom says real estate usually appreciates in value over time. But investing in undeveloped land isn’t quite as simple as investing in a duplex. And with the economy issues of the last decade, consumers have been granted a firsthand look at the volatility of real estate and land, leading them to question conventional thinking.

The short answer? Investment in land can be a wise one. The trick, however is entering into the venture fully informed and with a game plan.

Before making a land purchase, consider these points.

Knowing what to look for in raw land is vitalRaw land is a catch-all term for undeveloped or unused land. When most people talk about investing in land, this is probably what they mean—buying an out-of-town parcel on the cheap and holding on to it until the time is right. Of course, what you see isn’t always what you get.​

Here’s what to watch out for:

• Is the ground solid enough to accommodate your building plans (or the plans of future builders)?
• Is water accessible via a well or city hookup?
• How is the condition of surrounding properties? Does the seller have any agreements with them?
• Is there road access? Will you be able to get any large equipment you need into the property?
• Are there any zoning issues that could hamper your future plans?

No matter how good the deal seems, make sure you do two things before you buy. First, get topography, soil, drainage, and other similar reports done, so you know exactly what you’re buying.

Second, visit the land in person. This can seem like kind of a no-brainer, but many people buying undeveloped or remote land are satisfied with a couple satellite images.

Purchasing a land is sure long term investment. The benefit of this land purchase is very much profit. Despite these, one must look before he leaps. Proper inspection of the land or property to be purchased is extremely necessary. Make sure that you buy something that will be more profitable than problematic.