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THIS MONTH'S TOPIC:
How Many Reasons Do You Need?
By visiting our website and reading this article,
you show a desire to own mountain land, but may not have justified
to yourself that it’s the right thing to do. So . . . it seems
like a good time to call attention to the many benefits of owning
mountain land, as opposed to other uses for your financial resources.
If you are investment oriented,
three major benefits accrue in the form of wealth-building. First
comes appreciation. Over the long-term, no other
investment has increased in value more dependably. Although cycles
do occur in real estate, they are much less severe, with prices
rarely fluctuating more than a few percentage points during the
cycle valleys. Long-term, a price chart shows consistent growth
with few pullbacks.
Second, land is marketable. It
can always be sold at its current fair market value. Unlike equities
that can be reduced to junk value in days over some untimely tidbit
of news, rumor, or innuendo, land always enjoys a solid market with
only an occasional dip in demand. Thus, given a reasonable timetable
in which to sell, land is most often sold at its full current value.
Land can be heavily leveraged.
Because it is tangible, and is not subject to sudden shifts in value,
most lenders will finance 80% or better of the market value. At
today’s low rates – in the 6%-7% range – financing
provides an opportunity to control a very large land parcel with
little cash up front.
OK – that information was for the “facts
& figures” member of your family.
Now . . . on to some of the more important benefits
– the intangibles that make you feel good!
First comes good old plain enjoyment.
While your investment is appreciating over the years, you can enjoy
the tangible aspects of it. For example, when is the last time you
took a long walk through your stock market investments, or lay on
your back at night under the stars looking heavenward at your savings
accounts and CDs earning 1%? When has the early morning dew on a
crisp fall morning ever increased your greenback dollars? Owning
mountain land brings with it peace, well-being, joy, fellowship,
and a closer family circle. It revitalizes the soul, provides exercise
for the body, and allows the wildlife population to see you in your
natural state.
Mountain land provides the opportunity for improvement.
You might choose to build a weekend cabin yourself, install a pond
brimming with bass and catfish, or raise Christmas trees. Old logging
roads make trail-building an easy task, and future timber production
can turn land into future income.
Then . . . there is the opportunity for relationship-building.
Ever since 9/11, many families have told us they are seeking more
meaning in their lives, and have attained it through their land
purchase. Families seem to be building a more solid environment
for nurturing within the family circle through the creation of their
mountain retreats. Activities built around a special
mountain atmosphere encourage children to enjoy the interaction,
thus eliminating the annoying noise and frenetic pace of CD players,
Xbox computer games, and MTV. Telling ghost stories around an open
campfire with hands sticky from burnt marshmallows is a sure way
to experience true quality time with children.
Does any of this sound like good reason to pursue
your dream of owning mountain land? Why not plan a trip to the mountains?
Beginning shortly after Labor Day, temperatures begin to cool off
and the air is clear. It’s a great time to get started in
your quest for the best – a satisfying land purchase.
"LAND
RUSH ONLINE" ARCHIVE: CLICK HERE
BUYERS CHECKLIST:
CLICK HERE
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