Posts Tagged ‘Buying Land’

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.