Land has always been one of the safest investments . Historically, investing in land poses very low risk compared with other types of investments. Land is a finite resource. The correlation between limited land and population growth falls right into the most fundamental economic concepts; supply and demand, the backbone of a market economy. When demand increases while supply is unchanged, price increases.

 

In Arizona, with the vast majority of land still available, people believe they can invest in land with a minimal amount of capital. However, Flagstaff is unique in the fact it is bordered by National Forest and Reservation. Our land is  a more scarce resource compared to all other areas in Arizona. Flagstaff land has always been at a premium. Water, trees, 4 seasons, University, and other factors make our small town one of the best places to live in the country. 

 

Like a home purchase, location is very important when buying land. Unlike other areas in the country, we are in the high desert where availibility of water is a crucial factor influencing land values. In Flagstaff, we have water.

 

Land investment commonly provides a high return. 

 

We often hear about the very wealthy and how they made their fortune in real estate. It is very possible, even now, to get an excellent return on land. As I mentioned earlier, land is a finite resource. There are many great buys currently in our Flagstaff market. Lots that many could not afford in the past and still may not be able to afford in the future are now for sale at a nicely discounted price. If you are looking into land as an investment, this this a great time. I have mentioned this in other blogs that the best time to buy is when no one else is buying: "Buy when there's blood in the Streets".

 

When buying land, one should consider: what type, how much can you afford, and taxes. What are your intentions with the land, build on it or hold it for an increase in value for eventual sale? If you want a city lot, you can look into buying in a specific neighborhood for your individual needs such as, schools, lower crime rate, cost of living, deed restrictions, HOA, etc. 

 

If you need more info, please feel free to call or email me for more information on land purchase.

 

Check out my featured lot:

2201 W Colton Court