What You
Should Know
About Land
Mark Twain was as right in the 19th century as we are in the 21st century, they aren’t making any more.
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How important is an asset is land?
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The value of land can outpace inflation.
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In 2018, the median price for a single-family lot of land in the U.S. rose 4.4%, nearly double the 2.4% average rate of inflation last year. That’s according to U.S. Census Bureau Data published by the National Association of Home Builders.
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Location, location, location – is the mantra for real estate, but it’s also important if you’re buying land.
Your choice becomes personal.
What is important in a location?
Think of this:
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natural beauty like mountains
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proximity to cultural centers like museums and universities
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an easy drive to airports
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If you’re raising a family or considering a quiet vacation spot, the location becomes a deeply personal choice.