Buying land, is it a sound investment?

People are living longer healthier lives so there are longer retirement years. Also people want to be able to travel, possibly have a second home, and generally have money in order to enjoy their retirement years. There are many ways of saving money and planning for the future. A great solution is land investment.


Purchasing land can be done with two missions in mind, either anticipating building a second home or newer/retirement home on it or re-selling it for a profit one day.  You may find you might even change that mission as you go along.  Having the knack of knowing what area maybe in demand someday that a developer would pay millions for is a big bonus when picking a plot of land, but we can't all be so lucky.  But make a decent some is perfectly reasonable.

Land investment is a solid way to turn a profit in a fairly short period of time, especially if the land is located in a growing area. There will never be more land created, so it is a closed market. The taxes on undeveloped land are very reasonable so the investment is cost effective. There is no maintenance involved and land prices are usually not affected by the stock market. This makes for a sure, sound investment if you are looking to expand your portfolio.