Why owning vacant land is usually a good idea

So you’re thinking about buying some vacant land, huh? Well, you’re in luck, because I’ve got some of the info you need to make an informed decision. You can never have all the information, but every bit helps make an informed decision! 🙂

Let’s talk about the benefits of owning vacant land. For starters, you have control over what happens on that land. You can use it for any legal purpose you see fit, whether that’s building a home, starting a farm, or just sitting around twiddling your thumbs and waiting for something to happen. It’s like being a dictator, but without all the pesky responsibilities and accountability.

Another benefit of owning vacant land is the potential for investment. If you believe that the value of the land will appreciate over time, you might be able to make a profit when you sell it in the future. Just don’t go betting the farm on it (pun intended).

If your vacant land is in a desirable location, you might be able to generate passive income by leasing it out for events or activities. Imagine making money while you sleep! Or while you’re awake, but not doing anything particularly productive. Either way, it’s a win-win.

But owning vacant land isn’t just about the money. It can also be a great opportunity for personal growth and self-improvement. For example, you might decide to build your own home or create your own farm from scratch. These types of projects, although difficult, can be extremely rewarding, and they’ll give you something to brag about at dinner parties (assuming anyone actually invites you to dinner parties).

If you own vacant land in a rural or semi-rural area, you might also have the opportunity to create a sense of community with neighbors. Rural neighbors tend to be more conscientious. This is especially appealing if you’re planning for retirement, or if you just really enjoy the company of people who don’t rely on WiFi all the time.

Finally, owning vacant land can be a great way to improve your quality of life and happiness. If you enjoy spending time in nature or if you have a passion for gardening, farming, or homesteading, owning land can be a great way to pursue these interests. Plus, you’ll never have to worry about your neighbor’s loud music or weed-whacking at 6 am on a Saturday.

Lastly, be sure to carefully consider the potential risks and challenges before making any land decisions. Make sure you have the financial resources and expertise to manage what you want to create, like building and the upkeep of a fence. And if all else fails, you can always sell it and move to town. Good luck out there!

* Note: This article is not intended as financial advice.  We’re all big boys and big girls here so please do your homework and ask questions!

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