If you’re thinking about investing in Texas real estate, consider the expanses of land for sale in Parker County. Here are six reasons why vacant land is a more viable investment instrument than most developed properties:
- Land is a limited resource
Choosing vacant land along the path of growth is a smart move because you will soon have real estate developers as high-profile buyers. But even if you opt to hold on to vacant land as a long-term asset, you put yourself in a position to earn. Based on the law of supply and demand, the value of land grows simply because it is an increasingly limited commodity.
- Land is a versatile asset
When you own land, you can tap into a variety of ways to earn and maximize your investment. You can use the vast space to build the estate of your dreams, establish a crop or livestock farm, or gain a significant source of passive income by renting it out.
- As long as the land is suitable for building, you don’t need to do anything to benefit from it
You can purchase a piece of land even if you do not have any immediate plans for using it. You can instantly gain from it simply by reselling. As long as the land meets local codes and regulations for building, it has value.
- Vacant land is easier to own and maintain than any developed land
At face value, it may seem that land fetches a significant sum of money when compared to some homes. But overall, land is actually an inexpensive way to earn assets.
On one hand, finding land to buy is easy because landowners are motivated sellers. Generally absentee property owners, they are not as emotionally invested in their land as they might be with the houses that they live in.
In addition, once you own land, you don’t have to expend much effort and resources for maintenance and repairs. You can just leave the land as is until you want to do something with it.
- There is less competition for vacant land
When you first considered investing in real estate, chances are your first thoughts revolved around purchasing rental or commercial properties until the idea of choosing land came up.
Generally speaking, most other investors think the same way. This means there is likely to be little competition to deal with, if any, when buying vacant land.
- Land affords you greater peace of mind because it does not depreciate
There is hardly any risk of depreciation when you invest in land. It does not wear out nor does it disappear over time, unlike structures or equipment. Not even harsh weather can damage its value. Provided that you secure the proper titling for the property, no one and nothing can take your land away from your portfolio of assets.
Read our blog on important things to consider when buying a ranch here.
HBS Real Estate is the team to contact if you want to buy land for sale in Weatherford, TX. Call (817) 550-6666 and our local area specialists will tell you all you need to know about the promising investment opportunities that North Central Texas has to offer.