IT
MAKES GOOD INVESTMENT SENSE TO BUY LAND WELL BEFORE IT'S DEVELOPED
The
value of land on the outskirts of growing metropolitan areas follows
a consistent pattern.
At some time before being used, land is in a dormant stage...not
much is happening in the vicintity and land values are consequently
low. [] Early in the pre-development stage, things start
to stir- perhaps new freeways make the area more accessable, or
new industries or new subdivisions have been established in the
vicinity. [] As more and more area activity is evidenced...as
a city approaches closer and closer... as development points in
that direction at a faster pace and the lands future becomes a virtual
certainty... the value goes up at a faster and faster rate. []
Prices tend to level off in the development stage. At that time,
the land has more or less reached its market potential. []
Obviously, the best time to buy is in the pre-development stage.
It's especially important to the modest investor to get in early
while he can still afford to buy.
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