Owning a plot in 2020. Yes or no?
It’s been a year of cancelled plans. Exotic trips, cancelled. Visiting home, cancelled. Gatherings, events and corporate shows, cancelled. This is left many wondering whether to deal with an investment in the same way or no. Well, the simple answer is, no.
Investing can turn out to be a lucrative choice, provided it is well-planned and thought-out. Take for instance, investing in a plot. It is a wise choice as a plot is a flexible investment in many ways and gives you the best bang for your buck.
Here’s why investing in a plot should be on top of your mind:
Investing in a plot is a lot easier in comparison to a villa or anapartment. Also, with the value of land appreciating almost every year, the returns are high. So, when the investment is low and the returns high, why choose to invest anywhere else?
Flexibility of choice
Not all investment options come with flexible choices. Investing in a home means you can either live in it or rent it out. But when you own a piece of land, you have options to choose from. If you wish to build a home, you can plan on that. But if work calls for a change of address, city or country, you can always put the construction idea in the backburner. Instead, you can bank on appreciation value or leave the property for the next generation to decide.
Build what you want
A key benefit of owning a plot is that you get to build your home the way you want to. A small, beautiful house or a spacious duplex with ample room for plants to grow and kids to play; whatever your choice, you can bring it to life.
Owning a plot comes with basic maintenance.The first thing you need to do as part of maintenance is to protect it with barbed wires. This is to avoid unwanted people from occupying the empty land or trespassing. You also need to put some effort into getting the plot cleaned regularly and pay a visit from time to time, to ensure everything is alright.That’s it!
The year is 2020 and you can make it a memorable one by making the right investment. Rest assured, when you look back a few years down the line, you’ll be happy to have made the right choice.