I’ll just go ahead and say that, unused land is one of the most overlooked real estate investments in the world. There seems to be an assumption that vacant land is a pointless investment because it doesn’t produce income right away. It just sits there and does nothing. It’s outright boring.

In actual fact, a property’s physical representation (actual building) tends to depreciate over time. But the land it sits on ordinarily appreciates in value. Land appreciates because of its scarcity in supply. This is because as population increases, the demand for land increases- driving the price up every time.

Land is capable of producing some serious cash flow and it’s one of the best investments on earth because of its idle and inert nature.

Obviously, I wouldn’t advocate going full on throttle on anything like this unless you’re ready to take it seriously and treat it like a business.

Some of the reasons why land is a great investment include:

  1. It is an idle money maker: Forget construction! Forget renovations! You just need to know whether the property is suitable for building. Once a person can build on the land when they want to, a huge part of the battle is already won.
  2. Land is Very Inexpensive to Own as a Long-Term Investment: When you buy a piece of land for the right price, there are no mortgage payments to make, no utility bills to pay, the cost of property insurance is nominal (if you have it at all) and property taxes are extremely cheap. If you want to park your cash somewhere and forget about it, vacant land could be exactly the investment vehicle you’re looking for.
  3.  Land Gives its Owner Peace of Mind: Land is the golden child of investing. It is a long-term, tangible asset that doesn’t wear out, depreciate, and cannot get broken, stolen or destroyed. There’s nothing to protect, maintain, or renovate. There’s nothing to ‘do’. Put all of these benefits together with your ability to buy it for next to nothing. Ta-da! Land in its natural state will always be worth something. There are no risky government legislations that owners have to pay attention to.

Land is a tangible, finite resource that is easy to purchase. Land requires no maintenance and is less expensive than other real estate facets, especially to own over a long period of time. Land ownership requires no additional work from you, leaving you with peace of mind. This real estate niche has low competition, and is just waiting for you to get involved!