Are you thinking about buying empty land? It can be a compelling investment for some investors. If you’re thinking about it, here are 6 reasons we are buying bare land in Florida.
When most people think of real estate investing they think of houses… or maybe apartment buildings. But at Cheap FL Land, we like to think about land. It can be a very compelling investment for many investors. Here are…
8 reasons we are buying bare land in Florida
#1. Limited Availability
Land is a finite resource; no more is being created, making what’s available exceedingly valuable. With a constant decrease in supply and an ever-growing demand, the value of land typically sees an upward trajectory. This scarcity factor makes land a potentially lucrative investment.
#2. Cost-Effective Investment
Often, investing in raw land is more budget-friendly compared to properties with existing structures or those connected to city amenities. The affordability of raw land can sometimes be surprisingly low, offering a great entry point for investors. (If you want to see our inventory of affordable raw land, click here and enter your information into the form).
#3. Diverse Exit Strategies
Unlike housing investments where your options might be limited to renting or selling, land offers a wider array of exit strategies. These include various rental possibilities (recreational use, farming, etc.), development potential (like subdivision), and simply holding for appreciation or personal usage for leisure and enjoyment. The flexibility to combine these strategies further enhances the land’s appeal.
#4. Value Enhancement Possibilities
Raw land presents a blank canvas for value enhancement. Even modest improvements like clearing or landscaping can significantly boost its worth. The scope of value addition depends largely on your intended use for the property, offering multiple pathways to increase its market value.
#5. Low Maintenance
For those interested in a buy-and-hold strategy, raw land is a remarkably low-maintenance investment. It requires minimal effort and upkeep compared to other real estate investments like residential properties, allowing you to manage a larger portfolio without the physical toll.
#6. Personal Enjoyment
Apart from the financial ROI, the personal enjoyment factor of owning land is invaluable. It offers a retreat from urban life, a space for family gatherings, picnics, or camping adventures, adding a unique dimension to its investment value.
#7. Ecological Potential
Investing in land also opens opportunities for ecological projects like conservation, wildlife preservation, or sustainable farming, aligning with growing environmental awareness and potential tax incentives.
#8. Long-Term Stability
Land investments are often seen as stable long-term assets. Unlike the more volatile stock market or other investment types, land retains intrinsic value and can act as a hedge against inflation, making it a safe haven for long-term wealth preservation.
In conclusion, investing in Florida’s bare land offers more than just financial returns. It’s a multifaceted opportunity that combines economic sensibility with personal satisfaction, ecological potential, and long-term stability.