Investment ensures financial security and it not only gives a platform to grow the wealth but also generates an additional income stream if needed ahead of retirement. Investment also helps to save on tax, while enabling us to meet various goals in life. There are many options for investing the money that provides security and good return, but one of the most beneficial investments is investing in plots. Investment in property can be considered as less volatile than shares or other investments. Also, earning rental income can become a good source of income if the property is tenanted, and if the property increases in value, one can benefit from a capital gain by selling the property.
There are several benefits of investing in plots that have been summarized further to provide a clear idea so that maximum benefits can be attained. Nowadays, purchasing land is preferred more as compared to buying a flat as there are several advantages, and no doubt real estate happens to be the most stable option. Land purchasing has become a much popular option, and the demand for land has increased tremendously for various reasons.
Top 10 Benefits of Investing in Plots
1. More Flexible Investment Option
While purchasing an apartment, one looks into its decor from the point of view of the architect, and opportunities to make changes are limited as a complete layout change is certainly not possible. On the contrary, a plot or land is similar to an empty canvas which gives multiple opportunities to design and decorate it with the leverage of having one’s own will and choice. A house is for a lifetime, and therefore, decorating and designing has to be done according to one’s taste and personality as well as lifestyle requirements.
2. Land Does Not Need Maintenance Charges
After purchasing a flat or an apartment, one has to pay the monthly maintenance charges that include plumbing issues, electrical problems, renovations, irrespective of whether the person decides to stay in that flat or keeps it locked. The benefit of investment in plots is that it does not demand any such cost, hence saving a good amount of money every month.
3. Initial Investment Is Lower
The benefit of investment in plots is that it is cost-effective, which means one can purchase a piece of land and build a home later, whenever it is affordable, while the initial investment remains low because the price of a furnished apartment will always be higher than an empty plot.
4. No Delay in Possession
One of the most important benefits of investing in plots is that there is no time gap between the purchase and possession of the land. A flat, which if under construction demands wait time until the construction is completed. Also, final hand-over time depends upon the stage of construction the project is in. Whereas, land does not require any construction, and therefore, owners have the liberty to take possession immediately after purchase.
5. Land is a Tangible Asset
Unlike shares and bonds, a plot of land is a tangible asset. If the market is stable, the plots prices would appreciate a lot. On the contrary, there are high chances that the value of the built house will undergo depreciation owing to wear and tear over time, but the value of land depreciates only in extremely rare situations. Hence, it proves to be one of the most beneficial options of investment.
6. Higher Appreciation
Benefit of investing in plots is varied and one such reason is that there is hardly any instance when the value of land is depreciated. In fact, the value of the land increases if the plot is in an area with good infrastructure. Such a plot of land will appreciate a lot in the future and buying a plot is a good money saving option though the initial investment in the land was low.
7. Land Investors Face Very Little Competition
There is very little competition involved in the market in the investment of raw land, which makes it yet another beneficial option of investment, since most real estate investors have their minds stuck upon investing funds in houses, apartments, commercial property, while they keep ignoring the superior benefits that come with land and this can definitely help if someone is looking to invest the funds and also want to stand out in the rat race competition.
8. Easy to Sell Option
A vacant piece of land is easy to sell for there is no hassle to move out with all the belongings and shift them to a new place. Also, vacant land may not impart any emotional connection in comparison to a well-furnished and settled home. So, it becomes much easier to sell the land and gain an increased value of the land.
9. Investment in Plots Gains Confidence and Peace of Mind
Owing to low investment and maintenance cost required for a piece of plot, it gives peace to the mind and confidence that upon selling, it would fetch a good amount.
10. Low Property Tax
Property tax is a recurring expense that property owners have to account for, irrespective of the fact whether they own a house or a plot of land. However, in case of land, the property tax is much lower in comparison to a house; thus, it is a huge benefit to invest in plots.
Investment in plots ensures huge opportunities since it does not require higher maintenance cost while giving the leverage of construction, whenever it’s affordable for the owner of the land. Also, land can be sold without any hassle of shifting any belongings since land is an empty property, and can be sold off instantly when the prices are up. Therefore, there are immense benefits of investing in plots and one can certainly get convinced with all the details given above.
Sterling Heights is a gated community with open plots for sale in Hyderabad in the area of Bhanur. If you are looking for a good plot for investment, then this is the ideal destination and a lucrative option to build your dream home. With so many options if you too are confused like many then nothing can be better than investing in a premium plot as the returns on your investment is quite impressive.
If you want to invest with us, contact us now for more details.