Minimal Maintenance
Vacant lots have no structures for you to maintain. You only have to worry about upkeep required by environmental laws, but otherwise, you’ll save money that would have gone to maintain and outfit a home or a building. Also, with no assets on the land, you do not have to worry about property being stolen.
Potential for Appreciation
Empty land can rapidly appreciate due to outside development. The construction of large tourist attractions, theme parks, and business centers in the area can increase your land’s value. You may receive offers from business owners to buy the land for further development.
It can be Sold in Pieces
You don’t even have to sell off your land at once. Some buyers may want a parcel of land smaller than your entire lot. You can subdivide the property and sell it in parts. This can net you more money than by selling the lot whole.
Purchasing a vacant lot can benefit you in ways you may never have realized. For more information on buying vacant land, such as land options or transaction management, contact Heritage Realty & Insurance in Lumberton at 910-738-3731.
