The Joys of Owning Land

Some people buy land because it’s a smart long-term investment, while others just want a little getaway for weekends or special occasions. Whatever your reason for becoming a landowner, it can be a true joy having your own little piece of paradise. There are countless reasons people love owning land, but this article will touch on the big ones.

An Ever-Appreciating Asset Value

It’s no secret that land is a long-term asset. The value of land continues appreciating significantly over time, and the longer you keep it, the more it’s usually worth. As such, it’s an excellent way to build wealth, and/or pass it along from one generation to another. Nature continually revives itself and is not subject to “wear and tear” like manufactured products.
Unlike other assets such as stocks (or high-risk business ventures) where the value is affected by multiple factors, land is one of the most stable forms of investment that usually offers consistent returns over time. So from an investment standpoint, it’s safe and and potentially quite profitable over time.

Land as a Source of Cash Flow

There are numerous ways to create ongoing income with land. That said, make sure to carry out adequate research before purchasing any property you plan on monetizing. One common mistake is not understanding the zoning restrictions in a specific area. This dictates what the land can be used for, so it has implications with how your property can be monetized.

  • Generate income on your land through agriculture. Whether you grow some crops yourself, or lease the land out for commercial farming, it can provide an excellent source of extra income.
  • Lease your land for turbines or solar panels. This is a unique way to generate steady income, provide electricity to other homes in the area, and help make the planet a little more sustainable.
  • Turn your field or wooded area into a campsite. One option is listing your property on a website like hipcamp.com. This gives campers the option to rent a night or two on the property with good old-fashioned stargazing, ghost stories and s’mores.

Land is a Limited Resource

Investing in land gives you one of the most limited resources on earth. While the world population continues to grow, the quantity of vacant land continues to decrease. This means that as a landowner, you are part of a very exclusive “club” of individuals fortunate enough to have their own little slice of paradise.

Start Your Land Search

At Land Elevated, we are committed to helping you find your dream property. Start your search today, or speak with a Land Specialist by phone for 1-on-1 assistance. We offer in-house financing with monthly payments as low as $79/month.

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