There are a multitude of reasons to buy land, as it’s typically a good investment. No one is producing more of it, after all, so it tends to be inherently valuable. Land also has no depreciation value, so it can be purchased with confidence compared to most other investments.
While land can certainly be purchased for recreational purposes, the biggest concern with most land purchases is whether the land is suitable for construction. Most land purchases offer many different ways to become profitable, from residential buildings, livestock, or land development. Of course, price is also a concern. The scarcity and value of land means owners often don’t part with it easily.
Luckily, there are plenty of reasonable options regarding North Carolina land for sale. Below are just a few examples.
As a coastal state, there is plenty of waterfront land available in North Carolina, and this is among the most valuable land you can own. It’s a desirable place to live, and it’s a great investment to develop and sell at a much higher price later. This can be one of the most difficult investments in the area because of the higher initial price, but the payout is significantly higher as well.
One thing to be aware of is that waterfront properties generally require more preparation and diligence than other properties. For example, any additions such as piers that extend into the water are subject to heavy regulations, and these must be researched and followed to the letter.
Waterfront properties, especially those actually on the ocean, tend to take more abuse than landlocked properties as well. Something like a damaged bulkhead could lead to extensive water damage throughout a building, so maintenance must be regular and thorough.
As a state with many rural areas, NC offers plenty of farmland, and this can be a great option for land buyers. It’s not quite as easy of an investment to get into as stocks or gold investments, but it can become more worthwhile over time. Unlike stocks, or even gold, whose value can fluctuate over time, farmland offers a consistent return on investment over the years. It’s a tangible investment, and it’s a great inflation hedge.
A big reason for this is that the value of food tends to increase faster than the rate of inflation on average. And farmland only goes up in value as time progresses, since the population will rise but available farmland will remain finite. Investing in farmland now could very well be one of the smartest investments a land buyer could make.
As previously mentioned, land can also be bought simply for recreational purposes, and hunting land is a great example. It’s a fun, peaceful option for retirement, and NC has plenty of it. It’s all the better if you can find a patch of land near a diner, liquor store, or other point of interest. In fact, location is one of the biggest concerns when looking for hunting land. Just how far from your home are you willing to travel for this hobby? Are you planning to live on it instead? Are you looking for alternative activities, such as fishing or canoeing?Of course, the most important thing of all is the habitat, or at least the ability to attract game to desired areas. Obviously, it would be preferable to purchase land that already has a thriving habitat, but there are some steps you can take to improve the situation. Simple things like creating a few man-made water holes or leaving food in desired areas can make a big difference.