Advantages of owning a Plots.

There is no doubt that real estate is one of the most fruitful and stable forms of investment. While residential homes have become almost synonymous with real estate investments, they aren’t the only option available. If you are considering making a real estate investment, here’s why purchasing a plot of land should top your list.

1. It offers greater flexibility

When purchasing an apartment, buyers are often limited to the architect’s vision of the home. They can only make a few customizations to the property and changing the layout of the home is completely out of the question. A plot of land, in contrast, is like a blank canvas to build your dream home upon. You can design your home from scratch, add elements that are important to you and even use your choice of materials. A house lasts you a lifetime, therefore it’s important that you have the power to design it in a way that matches your personality and lifestyle.

2. Initial investment is low

Residential homes, even the most affordable ones, are typically priced much higher than a plot of land. Because of this, most potential investors use a home loan to finance their purchase. A plot of land, on the other hand, is much more cost-effective. They have low entry ticket size means that even young investors can purchase them without any financial obstacle in their way. Many investors, in fact, choose to purchase land early in life and build a home on it later, when they have more savings. This can work out to be much cheaper than purchasing a home and paying EMIs for it.

3. Land is appreciating quickly

The most attractive feature of real estate investments is that they are almost guaranteed to appreciate. But while land and residential homes both have this in common, investing in a plot might give you an edge. Over the last few years, land has been appreciating much faster than residential property. The value of land is also dependent on the surrounding infrastructure. Improvements in the latter will guarantee a direct increase in the former. When clubbed together with the low investment required to purchase it, land offers much higher returns in a shorter period.