Long-term land investment is an attractive and widely chosen type of investment because it can bring huge profits. In addition to gaining a large profit, long-term investment is also a savings or assets in old age. Savings in the form of this land can at least minimize the financial risks that can occur in the future. Meanwhile, you should also check out buy-to-let insurance if you want to get the recommended land protection.
So from, have you had a land investment for your future? If not, this long-term land investment might be suitable for you to run. Therefore, for those who want to run land investment, here are some tips that can be executed when running a land investment.
Flexible Soil Properties
Because it has a flexible nature, you can earn passive income by rent this unit lot as a parking lot, shop. However, land can generate revenue like this should land located in strategic locations, such as in the CBD (Central Business District)
The price increase on this land is higher than inflation, it is certainly very profitable. The average increase in the land itself ranges from 20 – 25% per year. And this increase could reach 30-40% if the location of this land is strategic.
Before buying land, it helps you find as much information as possible about the price of land around the land you want to buy. It aims to compare the price of land if it is felt that the land is too expensive then what needs to be done is to bid.
Duration of Investment
Determining the time period in this land investment is absolutely done because the process of disbursement of funds in land investment is not easy. It would be nice if you did not lean all your assets for this land investment. Because in general the benefits of this land can be enjoyed after 3 to 5 years.
Therefore, before undertaking this land investment determine first the period of time you will take advantage.
Before investing money in the form of land, another thing to note is to ensure the legality of the land. Legality of the land can be seen from supporting documents such as land certificates or land certificates.