In the long run, a modest investment today could pay off big returns down the road.
Land purchases are long-term investments. Although it may take some time to gain value and see significant returns, land can be a relatively cheap long-term investment. Especially when compared to fully developed office buildings, medical facilities, or commercial warehouses. As stated above, land requires little to no maintenance. And unlike buildings, land doesn’t wear out. Also, if you purchase the right piece of land in the right location, you’ll experience very little depreciation. In the long run, a modest investment today could pay off big returns down the road.