Investing in land has proven to be one of the best long term investments that anyone can make. If you are thinking about choosing an investment, but you aren’t too familiar with land or acreage investing, keep reading and I’ll tell you some great basic information.
Why Is Investing In Land A Good Idea?
Think about this for a while. Have you heard of the cities that are growing so rapidly that they are called ‘Boom-burgs’? Have you recently considered the fact that the population of the United States grew over 13% from 1990 to 2000 and many other countries are rising much faster?
All of the people need somewhere to live. More than that, all of these people need somewhere to work and somewhere to play. Yes people live, work and play inside buildings. But these buildings need to be placed on land.
There are all kinds of investments that you can make, but one of the best investments around is raw land. This may be a new term to you, but that’s okay, by the time you get done reading this article, you’ll have a firm grasp of the basics.
Raw land is a broad term for unused or undeveloped land. To start investing in raw land, you will need to know what to look for, and an agent that specializes in raw land sales is the kind of person you’ll want to talk to.
Land investing is not something that every real estate agent will be an expert at so you really should not be working with the same person who helped you purchase your home. When investing in land, you need an agent who talks to officials of the city as often as land owners.
This is because you need to know a lot about the basics of raw land investing before jumping into it. For instance, do you know if city utilities will be able to reach your lot? Of course since it’s never been developed, you won’t know unless you have someone to help you out, like an agent with special knowledge.
In this article, I am going to be discussing how to buy land. Buying a plot of land isn’t really all that difficult. However, buying a great piece of land that has the potential for significant apprecation in the near future? Now that’s a different story. In order to find such a property, you’re giong to need to do some searching. And lots of it. If you want to get the very best deals, you will need to really look far and wide, and scour your market or the area in which you intend to purchase the land. Great deals aren’t going to just fall into your lap. Keep reading and I will tell you more about how to go about finding a great piece of land.
But first of all, what is raw or vacant Land?
People are often too easily confused about what vacant land really is. Vacant land is not raw land. Raw land is land that has basically never been touched. This type of land will have absolutely no improvements on it anywhere. Many times, surveyors must come to assess if utilities and sewer will be able to reach your raw land.