Investing in land is an often underrated but incredibly rewarding financial move. Unlike stocks or bonds, land is a tangible asset that you can see, touch, and use. This makes it not just an investment in your financial future but also in your personal dreams and aspirations.
Land Appreciates Over Time
Historically, the value of land has consistently appreciated. While the stock market experiences ups and downs, land values tend to increase steadily. This appreciation can be even more pronounced in areas undergoing development or urbanization.
According to National Land Realty, in the Midwest specifically, there were increases of up to 20% in farmland values in states like Iowa and Nebraska in 2022.
The U.S. farm real estate value averaged $4,080 per acre for 2023, an increase of 7.4% from 2022. Additionally, the U.S. cropland value was at $5,460 per acre, up by 8.1% from the previous year, as reported by the American Ag Network.
Versatility of Use
Whether you dream of building your own home, starting a farm, or holding it as a long-term investment, land provides numerous options. This versatility makes it a unique asset that can adapt to your changing needs and desires.
Low Maintenance
Unlike other real estate investments, raw land doesn’t require much upkeep. You won’t have to deal with tenants, repairs, or utility bills, making it a less stressful investment option.
Limited Resource
Land is a finite resource, especially in sought-after locations. As the population grows and urban areas expand, the demand for land increases, driving up its value.
Potential for Passive Income
Depending on its location and type, land can offer opportunities for passive income through leasing for farming, hunting, or even renewable energy projects.
Call to Action
Interested in exploring how land investment can fit into your dream? Contact one of our Land Experts at MyBestLandDeals.com today, and let’s discuss the vast possibilities that await you!
For more insights on land investment benefits, Investopedia provides detailed information.