When I started investing in land, I knew that the more amenities the location had to offer, the more potential the investment had. What I didn’t know, however, was which amenities were better than others. My experiment and research has led me to believe that Lake View Land offers a unique investment opportunity. Great Water Front Land can be found for “ok” prices. Good Ocean-Front Land is extremely hard to find at good prices. However, Lake View Land is extremely affordable, even when compared to Ocean View Land. So how to spot the good locations from the bad?
If your looking to invest in Lake View Land, find an area that is growing, or that may have significant development in the future. If a huge city is getting overpopulated, I would expect that nearby Lakes – beautiful Lakes – would seem like a great place to live to many people. So Water Front/View Subdivisions and Towns near huge cities are always a great investment.
Before continuing, it is important to address a few details of Lake View Land. First, make sure your land is not in the flood plain. You don’t want to buy land, build a house, and than let the water ruin your investment. Call the county. Make sure your land is secure from floods. Make sure your land is also build able, has utilities, no liens, and all the other good stuff you should be looking for when buying land in general.
So lets say you were to buy a couple Lake View lots in a subdivision with only a few houses, but near a huge city. If you wait a couple of years, and your lots become surrounded by houses, your investment has paid off and you have multiple choices when it comes to liquidating. You can simply sell the land, which would be worth way more than what you paid. Or, you can build a home, wait a little bit longer, and make a huge profit.
Investment is a skill learned through analysis and experience. Always use your best judgment before going into any investment. Make sure your skilled enough, and have done enough research, to be confident your investment will yield a profit.