The biggest reasons for buying land is for the investment. Land is usually an appreciating asset, meaning the property value will go up as time goes on. For those willing to stick with a long-term plan, you could potentially make money buying land, letting it go up in value and then reselling it for more than you paid for it.
Building A Dream Home
Many people buy land with the purpose of building their own home on it. This is ideal for those with the money to build the house of their dreams. Aside from the personal benefits this option offers, the land is almost certain to go up in value with a nice home built on the property.
Similar to building your dream home on your land, you may choose to build dwellings for others or commercial buildings on your land. While this option takes a lot of money to see through, the potential to make much more makes it worth the risk. Once the buildings are up you can either sell them for one large sum or rent them out for a recurring pay check.
Buying large areas of land can be a smart way to ensure their conservation. For those concerned with the environment, this option provides more moral advantages than monetary gain, though you can still potentially make money.
More to land than meets the eye
When an investor decides to buy land a wealth of opportunities becomes open to them. For example, some properties are planted in timber, which can be used for financial gain. On a cleared piece of land there are even more possibilities; it could be used for agricultural purposes, for example to plant crops or raise cattle.
A tangible asset
What land offers simply cannot beat its tangibility. It is also one of the safer forms of investment, being extremely stable, especially in the present economic climate.