Building your nest egg takes a careful balance of making intelligent investments, the key to success being a good location at a great price. In addition, diversifying your real estate portfolio through carefully laid out plans for your entry and exit strategies, with the flexibility to make adjustments as needed, serves to protect your holdings from the risks of inflation and economic instability.
The land sector of real estate is just about as diverse as it gets when it comes to various investment opportunities. Odds are you’ll find a way to combine your interests and passions with your Boston land investment; your imagination and zoning ordinance may be the only limit to what you could achieve. But, first, you’ll want to know these four reasons that savvy investors are adding Boston land to their portfolios.
Work From Home
Remote investors are adding Boston land to their portfolios without ever leaving home. Transactions have been simplified, completed entirely online. With no buildings to inspect, it isn’t necessary to walk the property in person. However, it may be worth having a trusted representative do so. Professional real estate investors like those at Velney Development live and work in Boston, so no matter where in the world you are, you can count on our highly regarded team to review your potential investment on your behalf. This will help you and your family sleep great at night.
Lower Cost
Another reason investors are adding Boston land to their portfolios is because raw or undeveloped land is typically much less expensive than land with improvements. In addition, without the typical costs of traditional home sales, like inspections and appraisals, your savings are multiplied by investing in Boston land. Finally, the lower cost per holding allows investors like you to expedite portfolio growth and diversification by purchasing several properties, including different types of land, for the price of one single-family home investment. A professional investor like those at Velney Development will be happy to guide you to a land investment that best suits your budget, passions, and dreams.
Little Competition
Investors are adding Boston land to their portfolios without the stress level and the highly competitive atmosphere of buying single or multi-family housing. Instead, land purchases are relatively simple business transactions without much commotion or fuss. You simply don’t have the concerns of bidding wars and paying over market value in the heat of the moment or having to sweeten the deal by waving inspection contingencies and increasing the risks of an investment.
Low Maintenance
Without tenants and all of the hats of a landlord, no worries about vacancies or turnovers, and no middle-of-the-night calls for repairs, owning land is a very low-demand investment. You also don’t need to be concerned with security; it’s difficult to walk off with land. Raw land generally has little to no maintenance costs and is another reason investors are adding Boston land to their portfolios. However, depending on local zoning regulations, the ground may need to be mowed and plowed routinely; hiring a dependable service provider for any such requirement is a simple matter. Working with the team at Velney Development means you can leave all of your concerns about managing your property behind while you enjoy your retirement.
The time to buy land is now and working with the pros at Velney Development makes it easy! The sooner, the better has never been more accurate; investors are adding Boston land to their portfolios every day, and Velney Development helps them make the best decisions for the highest returns on their investments. And Velney Development has a steady inventory of the best investment land available in Boston for you. The experienced professional investors at Velney Development are happy to assist you. Contact Velney Development at (617) 401 9339 today!