Advice Topics
- Buying (152)
- Selling (177)
- Renting (37)
- Market News & Trends (11)
- Finance & Legal Info (77)
- Tips & Advice (84)
- Working With an Agent (51)
- Marketing (4)
- Investing (13)
- Affordable Housing (13)
- Green Housing (2)
- Schools (1)
- Remodeling (29)
- International Real Estate (8)
- Terms & Definitions (23)
- Home Loans (10)
Top Contributors (View All)
Find a Top Real Estate Agent Near You
Is land a worthwhile investment?
Thinking of buying land near a desirable area. Just a small lot that's buildable for a home. Not sure if we'll ever be able to build, but thinking about buying the land for potential resale down the road. Is land a worthwhile investment?
Asked By Jason | New Buffalo, MI | 300 views | Investing | 1 year ago
Answer(2)
Chris Yochum
Dickson Realty
It can be if you speculate that this area is going to increase in value before you are willing to sell it. If growth is headed in the direction of the land you are interested in it can be lucrative, though lots of risk and growth not happening. Otherwise from my experience I dont see much appreciation in residential land. Land that is income producing/leasable land that can be a great investment.
- 1 year ago
Helpful (0)
Unhelpful (0)
Katherina Ramirez
Weichert Realtors Daher Companies
Yes, land is a great investment if you are thinking of buying it in an area that will increase in value before you sell it. If there is growth heading that way then there could be a lot of money involved in not then it wont be worth your money or time. Also you need to make sure the land is even buildable because if not then not worth it once again.
- 1 year ago
- Helpful (0)
- Unhelpful (0)
Are you ready to find a top agent near you?
Browse profiles of the highest ranked agents in your area and find one that meets your specific needs.
Related Questions
-
What do I need to know about buying an investment property?
Hi, My husband and I dream of owning an investment property (or several!). What do we need to know about this both from an ownership perspective and a financial aspect?
- Asked by Margaret Hudgens
- Grand Rapids, MI
- 578 views
- Investing
- 1 year ago
-
When should I buy an investment property?
My husband and I have always wanted to have a rental property, but we're scared to pull the trigger. We don't want to stretch ourselves too much financially and get stuck. But we also know that all investments carry some risk. Do you have any advice? At what point should we feel confident with our purchase?
- Asked by Taylor G
- New Buffalo, MI
- 352 views
- Investing
- 1 year ago