There are many ways that you can invest in real estate – from residential to commercial to multifamily… and one often overlooked way to invest is a land investment. Are you looking at buying vacant land for investment in Fort Myers? If so, keep reading because this blog post will walk you step by step through the reasons that you might consider holding vacant land in your portfolio.
Discover countless opportunities for investing in vacant land in Fort Myers… Explore the reasons driving interest in acquiring land for investment in the area.
Reason #1. Land is one of the original investments!
Centuries before the rise of house flipping reality shows, investors recognized the potential in raw, vacant land to establish their wealth. Throughout history, civilizations thrived on the promise and possibilities that land offered, attributing value to even untouched expanses. We like to call “land banking” which is what many of the original settlers to areas did. If you look in any shopping center or strip mall you visit, at one time that was vacant land that the owner either sold to a developer or developed it themselves.
Reason #2. Land is a scarce commodity
Land is scarce… no one is making any more land. The more people own, the less is available (it’s a simple issue of supply and demand). So by investing in land, you are banking on the land supply to continue dwindling, which tends to cause the value of land to trend upward. While there are no guarantees on any investment appreciation, the historical trends indicate that a lower supply and increase demand push prices higher.
Reason #3. Multiple exit strategies
Investing in land offers a plethora of opportunities for profit and growth, making it an exciting venture for savvy investors. Unlike investing in a house, where your options are limited to renting or selling, land ownership opens up a world of possibilities. You can choose to develop it, subdivide it, lease it to farmers, or simply hold onto it until its value appreciates as urban development expands towards your location. The potential strategies are diverse and flexible, dependent on the specific location and local regulations. When considering vacant land investments in Fort Myers, the array of exit strategies available can offer substantial returns in the long run.
Reason #4. Enjoyment
Considering investing in vacant land in Fort Myers? One compelling reason to do so is the potential for personal enjoyment. Depending on the location, you could use the land for activities like hunting, fishing, camping, or simply relaxation before turning it into a profitable asset. While not applicable in all cases, it’s certainly worth contemplating!
Reason #5. Less work
Investing in vacant land requires minimal effort compared to other investments. It is often a “buy and hold” strategy, allowing you to purchase and wait for potential appreciation. Any necessary upkeep is typically minimal, making it a low-maintenance investment option. There are no maintenance issues like when you own a rental property. There are no hassles collecting rent from tenants, no clogged toilets or roof leaks!
When it comes to real estate investing options, buying vacant land for investment in Fort Myers is a very compelling investment for many reasons.