Are you a business owner planning to build your own office? There’s a large construction-ready piece of land that’s waiting for you in a great commercial spot in Fairlea WV!
Whether you are building your own office for an existing business, searching for a prime location for an upcoming business, or are simply looking for real estate to increase your assets, this lot for sale in Fairlea WV is perfect for you.
Reasons You Should Consider Investing in Land
If you’ve overlooked the stability that comes with owning a piece of land before, you might need to take a few minutes to discover how viable an investment opportunity this is. Here are some of the reasons why you should invest in land:
1. It’s a hands-off investment
Have you invested in a house before? If yes, then you probably know how stressful dealing with tenants, bugs, lawn care, leaking roofs, broken pipes, and furnaces can be. If you invest in land, you won’t have to deal with any of those issues! You just buy it and let it sit there until you feel it’s time to sell it or build a building on it.
2. You don’t necessarily have to do anything to the property
When buying a piece of land, there is only one thing you need to ask yourself: “Is this land suitable for building?”
You don’t need to be an expert when investing in a lot. As long as you think someone can build on that land, you’ve already won a huge part of the battle, because you know you can use it to build your own property or sell it to someone who’s interested to build his own.
3. Vacant lot owners are the most motivated sellers
Owners of vacant land are absentee owners. They are apathetic about selling their lots because they don’t live anywhere near them and their lots don’t produce any income for them. This lack of emotional connection makes it easier for lot owners to sell their properties for pennies on the dollar!
4. You have very little competition to deal with
If you are a real estate investor and you’re sick of getting outbid on every good deal you find, then it’s about time you try investing in land. Don’t get your mind stuck on things like houses and apartments!
As a real estate investor, you will find that there is very little competition in the world of land investing. There are a whole lot more superior benefits that come with buying a lot than you can imagine, and that includes fewer competitors to deal with.
5. Land is inexpensive to own as a long-term investment
Do you want to park your cash somewhere and forget about it? Then you must all the more consider buying a lot! When you buy a lot for the right price, there are no mortgage payments to make, no utility bills to pay! Can you think of a better investment vehicle than that?
6. It gives you peace of mind
Land is a long-term, tangible asset that does not depreciate, never gets broken or stolen. You will never trade for anything else the sense of security it gives you once you own a piece of it.
7. They aren’t making any more of it
Have you ever thought about how valuable a resource a piece of land is? Think about it. Land is a resource so extremely valuable that everyone wants to get their hands on it. If you buy a lot—especially one that’s located in a commercial area, you get yourself a finite asset that can serve you for the long-term!
Building Your Business Office on Your Own Lot. Why Not?
Whether you have just established your small business from the ground up or are just starting out, I cannot stress enough how important investing in a commercial piece of land is for you. Purchasing a property for your business is a wise investment, and its rewards are great!
Especially if you are buying a lot to build your own office, you will find that owning and running your business space actually results in favorable capital gains treatment and fewer expenses. This also gives you the freedom to customize and tailor your business as you wish!
Here are the top 3 benefits of building your own business space on your own lot instead of leasing:
1. You are your own landlord
Imagine leasing a commercial space for your business and having to deal with a landlord each time your office encounters a plumbing or electrical issue. Unfortunately, not all landlords are responsible enough to handle such situations.
If you own your business space, you can get those issues fixed when they need to get fixed. You can solve your problems on your own time!
2. You can customize your workspace
When you own your business space, you have full control over how your space looks and functions. If you are the creative type, you can even create a unique workspace that looks just the way you want it to, and stay in your location for however long you want.
3. You get lots of financial benefits
As you build your own commercial space, you build equity over time. You can use this equity as collateral to expand your business and eventually, to fund your retirement. Not to mention the tax benefits you enjoy for owning your business space!
4. It’s a buyer’s market today
Generally speaking, the cost to acquire real estate nowadays is at a historical low. However, you cannot tell if it would stay that way for long.
Before the market even rebounds, take advantage of the market! If you own the lot where your business stands, you can be sure that your monthly costs will remain steady and that you won’t have to worry about future increases during your leasing period!
Choosing a Location for Your Business
So you are already convinced that it’s best to own the place where you run your business. The next thing to think about is—how do you choose the site for your business?
You’ve probably heard about the four P’s that influence consumer purchasing decisions—product, price, place, and promotion. Unfortunately, the third on the list tends to get short shrift.
Don’t be one of those business owners who consider business location as an afterthought than a decision made out of careful consideration! Making sure that your business is located in a prime spot where a lot of people flock into is a must if you want your venture to be a success!
Whether you are opening a new store, building your own office, or setting up a small factory, here are some tips to help you find the right location for your business:
1. Assess your business needs
What kind of business do you want to set up? If your business is already up and running, what kind of location do you want your office to be?
If you are opening a store, you definitely should set up your business in a place with high traffic. If you are building an office, it must be located in a prime spot that your clients can easily access.
2. Pick a neighborhood
When choosing a location for your business, make sure that it is most convenient not just to you but to your employees and target market as well. If you are selling a product or service, your business location should ideally be near your buyers. It is also best to choose a location where public utilities are available.
3. Hone in on a property
As a business owner, you might think that having fewer competitors around is best for your business. Actually, it doesn’t always work that way. Sometimes, it helps to establish your business to your largest competitors so you can piggyback on their marketing efforts.
Locating your business in a center with a popular anchor will also give your business higher chances of succeeding. If you establish your business near the big guys, it will be easier for you to draw more customers in.
Ready to buy a lot for your business?
If you are ready to buy a lot for your business, I know a location that will definitely work to your advantage! There’s a lot for sale on Maplewood Ave., Fairlea WV, that you can use to establish a business. Come check it out here.
This lot is located right across a highly traveled road, has access to public utilities, and is only a few minutes away from Lewisburg, so it’s a fertile ground for the growth and success of any business!
Get this lot today! Call me, Rebecca Gaujot, at 304-520-2133 and let’s talk!