Real estate is a great place to put your money, but it is a bit more of a hands-on project than most people expect. While owning a rental property is often a great long-term investment, you’ll also find yourself dealing with roof leaks, plumbing problems, mold, unruly tenants, and a host of other issues. If you’re looking for a way to get into the real estate investment market but don’t want the hassle, consider looking at vacant land for sale.
The Investment Benefits of Vacant Land
Lower Initial Cost
Because there are no structures, utilities, or other improvements, vacant land is usually quite affordable, especially when compared to the price of finished homes. Owners of these properties are more motivated to sell, so you can negotiate a lower price instead of getting into a bidding war with other buyers.
Low Carrying Costs
With vacant land, you don’t have to worry about paying a mortgage, putting money aside for repairs, or getting permits. If you finance the property yourself, the only cost you’ll have to bear is local property taxes, making it easy to hold onto your investment for a while.
High Rate of Return
If you do your research carefully and buy land for sale in the path of future growth, you can easily sell the real estate for a hefty profit. Because the prices for unwanted parcels are typically so low, you’ll have a much higher profit margin than you would trying to buy and sell houses.
If you’re looking for experienced real estate experts to guide you toward the best investment opportunities in central Wisconsin, turn to Coldwell Banker Advantage. Drawing on their extensive industry expertise, they specialize in helping investors find the perfect property at the best possible price. To start browsing land for sale, visit their website now, call (715) 325-7335 to speak with an agent, or follow their Facebook for more expert real estate tips.