The term “land banking” implies almost exactly what it is. Rather than putting cash into a savings account (where it will earn a maximum of 1% interest every year) or the stock market (which has become increasingly unpredictable in recent years), some entrepreneurs have taken an alternative approach by acquiring land and in doing so, parking their cash in a tangible, fixed asset, one cannot be broken, stolen or destroyed.
Investment options are not scarce, one can invest in real estate, bonds, stocks, etc. However, land investments beat other alternatives with the benefits they offer. Land is a tangible investment and an asset that keeps increasing in value over time.
Landowners can rent or lease out the property to make money after retirement. However, the benefits of owning land go beyond that. A land parcel can become an income-generating asset over time.
Land requires little to no maintenance and keeps appreciating. Investing in land is the safest way to earn a decent amount of money monthly. Retirees can produce higher returns and maintain a desirable lifestyle.
Becoming the owner of vacant land is an excellent strategy to invest and double your money. After you own a plot of land, the next important step is to improve it for certain purposes. The fastest option to make money from your land is to divide it and sell blocks separately at a good price.
Landowners can benefit from a variety of tax credits and deductions that might help them reduce their tax liability.
Land appreciates at a higher pace than built-up properties. This is because it is immune to outside changes- what the weather or erosion do naturally. Another reason for this is that there is a finite amount of land available, and its supply cannot be increased to meet the demands of the market. A restricted supply of land also guarantees greater market rivalry, which leads to higher price points.
Whether you need financial security, want to double your money, generate passive earnings, or invest in real estate, land ownership can offer everything you demand. You may keep it for years to let it appreciate as you don’t need to worry about damages or theft. Landowners do not face depreciation, theft and get multiple opportunities to make money off their land. Overall, it’s a limited resource in which you can invest money to build wealth.
Start Your Real Estate Journey with Landbankhomes and Make the Most of Your Investment
VeraCity is in close proximity with fast developing government and Private owned projects.
Take advantage of the Pre – launch price to secure your plots before the actual price is unveiled on the 1st of February.
Please remember you can make initial payment of 800k balance spread for 3months without interest.
VeraCity is indeed a sure investment.
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