Home > Land > Reasons to Buy Land By Lakewood Land Company Staff Writer

Reasons to Buy Land By Lakewood Land Company Staff Writer

There are many reasons why people choose to buy undeveloped or underdeveloped land. Here are just a few potential motivations:

1. Investment. Land almost always is growing in value, and can be a profitable asset. The purchase of land often increases during a recession because prices are lower; once land value goes back up, land can be sold for more of a profit.

2. Building a custom home. Some people opt to buy land in order to build their dream home or to build a home in their ideal location. One added perk is that the value of land increases once the land has been developed.

3. Conservation. A limited number of people buy land because they want to conserve whatever is on the land. In addition, landowners can make money from the government or a private institute if they promise not to use carbon dioxide on the property.

About Lakewood Land Company

Located in Knoxville, Tennessee, Lakewood Land Company is a real estate and land development firm. The company’s specialty is land sales.

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