2007-07-20 13:21:32 · 9 answers · asked by Huynh T 2 in Business & Finance ➔ Investing
empty land without prospect, no investors will get interested.
2007-07-20 13:25:53 · answer #1 · answered by BigBen 5 · 2⤊ 1⤋
Land on it's own isn't a particularly good investment, because it does not appreciate very fast if it is not in the right place. If you have 100 acres of high desert with no planning permission to build, then it's just desert and will not appreciate.
Land can be a great investment. Buying a 100 acres just outside a small town called Las Vegas in 1970 would have turned into a hugely beneficial purchase.
Like all investments, timing is important. With land though, location is the real key. Guessing where land is cheap now, and will be expensive in ten years time, is very tricky.
2007-07-20 13:31:48 · answer #2 · answered by Anonymous · 2⤊ 0⤋
It's not a good investment if the land isn't usable, other than that it's one of the better investments.
2007-07-20 13:24:45 · answer #3 · answered by The Druid 4 · 1⤊ 0⤋
Land is one of the best investments there is. Most of the time real estate values only go up.
It does depend on the area the land is in, and what it's zoned for.
Google or Yahoo Search for your Central Appraisal District (It's usually your town name, or part of it, then CAD.org, LubbockCAD.org [Lubbock, Texas] or MidCAD.org [Midland, Texas] There should be a place you can search for addresses or owners, and find out how much the land is worth, and the records for what it's been appraised at for the last couple of years. The link for Lubbock (Texas) Central Appraisal District is below... to give you an example...
2007-07-20 13:24:15 · answer #4 · answered by eePe 2 · 1⤊ 2⤋
Location, Location, and Location. Those are the 3 most important factors in Real Estate. In a good location, Real Estate is an excellent. In a bad location, it is a terrible investment.
2007-07-20 13:27:14 · answer #5 · answered by STEVEN F 7 · 4⤊ 0⤋
it depends on whether you can build something on it, and what you can build. if your land is big enough to build a k-mart or wal mart, that's one thing, and you have to make sure the zoning can change if necessary
2007-07-20 13:33:50 · answer #6 · answered by Anonymous · 1⤊ 0⤋
real estate is the best investment you can make.
2007-07-20 13:23:44 · answer #7 · answered by Anonymous · 1⤊ 1⤋
I can't imagine why it wouldn't be, unless you're paying a lot of interest.
2007-07-20 13:24:29 · answer #8 · answered by Bob Little 4 · 0⤊ 0⤋
that is a lie.
2007-07-20 13:25:21 · answer #9 · answered by Anonymous · 1⤊ 1⤋