9. Resale Value
Even if you’re planning to build a home and live on the land for years to come, it’s essential to consider the future resale value of the property. Some factors that contribute to a higher resale value include:
- Location: As mentioned earlier, proximity to amenities, safety, and future development plans all contribute to how much the land will appreciate over time.
- Market trends: Research the historical price trends in the area to get an idea of how land values have changed. If the market is growing, you can expect the value of your plot to increase as well.
- Future infrastructure developments: Upcoming highways, shopping malls, or business parks can dramatically increase the value of your land.
Investing in a plot with a high potential resale value ensures that your money is well-spent.