Are you looking for a piece of land in Princeton WV? I know an expansive real estate property on Nature Drive in Princeton WV that you will truly enjoy. The property sits on 89.5 acres of lush green county landscape and can give you the kind of life you have been longing for.
The Benefits of Buying Land
Land is often one of the most overlooked real estate investments in the world. Some think that investing in land does not make sense because it does not produce income, it just sits there, and well, flat out boring. But this is not true.
In fact, there are times when land is even more capable of producing serious cash flow than any other real estate property. It is one of the best investments to have because of its versatility and hands-off nature.
Purchased at the right price, the simplicity and stability that comes with owning a piece of land can outweigh the issues that often come with other types of real estate investment. If you are one of those who do not see the value of land as a viable investment, let me show you how beneficial investing in this type of property is.
Here are the top reasons why you will never regret investing in land:
1. When you buy land, you don’t need to do anything to it.
Buy a piece of land and forget about construction or renovation. When you buy a property like this, you do not need to be an expert to rehabilitate the property. All you need to ask yourself is this: “Is this land suitable for building?” If the answer to your question is yes, then it is a good investment.
2. You have very little competition to deal with.
If you have been investing in real estate for a while now, you probably are aware of the stiff competition when buying a house. If you are sick of getting outbid on every good deal you find, buy a piece of land.
Don’t be the kind of real estate investor who focuses too much on houses, buildings, and other commercial properties. Instead, be the kind who understands the superior benefits of buying land and how it can play to your advantage.
3. It is a cheap long-term investment
Buying a reasonably priced piece of land means having no mortgage payments to make and no utility bills to pay. It also involves extremely cheap property taxes. So, if you are planning to park your money somewhere, land is the right investment vehicle for you.
4. It is a hands-off investment
When you invest in a building or an apartment, you deal with a lot of things—from leaking roofs and pipes, bugs, to stubborn tenants. Land does not involve any of those things.
5. It boosts your income potential
When you buy a piece of land and add seller financing to the mix, you create multiple streams of passive income for yourself. Through seller financing, you make your land act like a rental property without having to deal with the typical headaches that other rental properties are known for.
6. It gives you peace of mind
Land does not wear out and never does it depreciate. It also does not get broken, stolen or destroyed. What does that mean for you? That means that when you buy a piece of land, you have nothing to lose. You just let it sit there while its value continues to rise or sell it for a higher price.
7. It is available in very limited quantities
Have you ever thought about land this way? Land is an extremely valuable resource that when you buy it, you automatically give yourself a finite asset that other people interested in the same property cannot get their hands on unless you sell it to them. The fact that land is a limited resource that appreciates over time makes it an extremely lucrative investment.
What Can You Develop on Land?
When it comes to what you can use your purchased land for, the possibilities are endless. Although zoning requirements may restrict what you can develop and build on a piece of land, generally speaking, you can develop anything on a piece of land.
If you do not have your own home yet, you can buy a parcel of land and build your family home there. You can also use land to build office or retail space, a hotel, resort, strip mall, hospital, an equestrian, or farm.
What is Your Goal in Buying Land?
If you are buying land in West Virginia, your goal must be clear to you. What is your goal for the investment? Since there is no one-size-fits-all approach when it comes to buying land, remember that two different investors will always have two different approaches for the same piece of land.
Consider these strategies when buying land in WV:
1. Buy and Sell
This strategy is pretty much like flipping a piece of land. If you are hoping for a quick sale with little or no work at all, this approach may be perfect for you. You do this by purchasing the land below market value and looking for a buyer who is willing to pay at or more than the property’s market value.
2. Buy and hold
When you use this approach, you buy a piece of land and hold onto the property for a certain period of time, knowing its value has nowhere else to go but up. You can use this strategy if you are buying land in an area that is being re-gentrified. In the future, when the area becomes more popular, you can sell the property to a developer at a much higher price.
3. Buy, develop and hold
In this approach, you buy a piece of land and develop it yourself. Once you own a piece of land, you have all the freedom to build there whatever you want—a residential property, a bed and breakfast that you can manage, or a farm for your animals.
4. Buy, cultivate and hold
If you are more interested in developing the land itself than building a property on it, then this approach is the best for you. With this approach, you buy land and use it to grow crops, or use it for livestock. That way, you gain profit from what the land you cultivate can produce.
5. Buy, develop and sell
Here, your intention is to buy the land, develop it and sell it to an end user. For example, you buy a piece of land to build a home, and then find a buyer who is looking for a house and lot. You can also set up a vineyard on that piece of land and then find a buyer who can manage and run that vineyard.
6. Buy, develop and rent out
In this approach, you develop the land and rent it out to someone else. One application of this strategy is buying a piece of land and converting it into a parking lot, which a multi-family property owner nearby can rent from you to provide enough parking for their tenants.
Land for Sale in Princeton WV
The land for sale in Princeton WV that I know is a huge opportunity if you want a property that offers endless possibilities for you. This vast piece of land comes with a country home where you can live your life to the fullest.
Tucked in the wooded area of Nature Drive and surrounded by mature trees, this property offers ample space, picturesque views, and lush foliage.
The property features 89.65 acres of land, where you can enjoy hiking, horseback riding, bird-watching, and more. This acreage also hosts three houses—a brick home, a guest home, and a private rustic cabin- any of which you can turn into a profitable rental business.
Aside from its amazing features, this estate also has a very convenient location—just minutes to downtown Princeton schools, churches, shopping centers, and restaurants.
The scenic setting and convenience that this property offers make it a desirable property. Buy it today and choose whether to live in it throughout the year or use it as a profitable business.
For more information about this property, visit my website at http://www.LewisburgWVHomesforSale.com/. You may also call me, Rebecca Gaujot, at 304-520-2133 today.