There are plenty of reasons for wanting to buy land. One could be something as simple as its scarcity. No one is producing more land, so it tends to be inherently valuable. Compared to other investments, land has no depreciation value, so it’s a fairly confident choice. Owning land also has very little in the way of maintenance costs compared to other investments. One of the biggest concerns with buying land is simply how suitable it is for construction. Perhaps most importantly of all, land offers a great deal of options for becoming profitable from residential buildings, livestock, or developing the land to name a few.
Likely the most important concerns a potential property buyer will have about land are the price and the location. Currently, there are plenty of reasonable options for land for sale in North Carolina. Here are just a few good options.
Farmland
Farmland can be a great option for land buyers, and North Carolina has plenty of it. It’s not as easy to get into for investors as things like stocks or gold investments, but it can be more than worth it in the long run. Unlike stocks, or even the value of gold, which can fluctuate over time, farmland can offer consistent returns over the years. The land is tangible and can be lived off of from year to year. It’s also a great inflation hedge. A big reason for this is that, on average, the value of food tends to increase faster than the rate of inflation. Farmland will only become more valuable as time goes on since the population will continue to increase, but the amount of farmland will remain finite. Investing now may very well be one of the best choices a prospective land buyer could make.
Hunting land
For anyone looking for some recreational land to retire to, some good hunting land is a great option, and once again, North Carolina has plenty of it. There are, of course, some high priority considerations to make when it comes to recreational land, especially when it comes to hunting. First of all is the location. How far are you willing to travel from your home to visit the land? Or do you plan to actually live on it? You also might factor in other considerations like the view and alternate activities, such as fishing.
Most important of all, however, is the habitat, or at least the ability to attract game to the land. Obviously, it’s preferable to buy land that already has a thriving habitat, but there are some steps you can take to improve it. Simple things like leaving food in desired locations or creating some man made water holes can make a big difference.
NC waterfront
As a coastal state, there is an abundance of waterfront property available in North Carolina. These are among the most desirable places to live and can make a great investment either for yourself or to develop and sell for a higher price later. The initial investment in this type of property is typically higher than most other property investments, but the potential payout is much higher, as well.
These properties require a bit more diligence than others to prepare for. For example, any improvements, such as piers that extend into the water, are subject to heavy regulations that should be researched beforehand. Waterfront properties also take much more abuse than landlocked properties, particularly when on the ocean, so they need to be maintained closely. For example, a neglected bulkhead can lead to extensive water damage in the home.
Fortunately, the value of waterfront properties increases much more rapidly than landlocked properties, so if the property is well maintained, you can get a significant turn on your investment quickly.