When you want space to build your dream home, your options are to purchase undeveloped land for sale or buy a property with an existing building on it. Opting for undeveloped land comes with numerous benefits that you and your wallet will appreciate.

Why It’s Smart to Buy Land for Sale 

1. Appreciation Over Time 

Land is always in demand, and its value will appreciate over time, making it a solid investment. This holds true for long-term appreciation as well. If you buy land with a building on it and don’t spend time and money keeping it in good condition, the value of the property may depreciate -- which isn't a concern with undeveloped land.

2. Endless Possibilities 

You can build a custom home on undeveloped land without many limitations, aside from zoning and community requirements. You won't be stuck working within a current building’s layout, size, or structure, and you won’t have to dip into your budget to pay for demolition costs.

You’ll decide the house size, yard size, which direction windows will face, and if you want a single- or multi-level home. Plus, if you decide you don’t want to build on that land, knowledgeable local realtors can sell it for a solid price more easily than land with a building.

3. Simple Upkeep

Maintaining an undeveloped piece of land is less work than maintaining a building. With land, upkeep includes intermittent mowing, clearing brush, and tending to fallen trees from storm damage.

Buying land with a building on it means keeping that structure in good shape in accordance with local laws, which can include repairs, maintenance, safety inspections, and pest control services. That’s a lot of work if you’re planning on remodeling or tearing down the building anyway.

4. Affordable

Property without a building on it will have a lower initial price. It will appreciate more reliably than a lot with a house or commercial building on it. The mortgage, insurance, and tax payments for vacant lots tend to be less expensive as well. Since they cost less to maintain, you can save up for building your home more easily.

To reap maximum benefits, you need a high-quality plot of undeveloped land for sale. At Lawrence Realty in Red Wing, MN, you’ll find knowledgeable local realtors who will find the best plot for you to build on. Since 1948, they’ve helped their community find their dream homes, valuable land, or prime commercial properties. Browse their current vacant lots for sale online and call (651) 388-4745 to schedule a viewing today.