Thinking about buying land in Oklahoma? Smart decision.
Oklahoma is surrounded by vast, unoccupied land that’s ready to harvest or build and ready to be improved.
There are plenty of advantages one should consider when buying a vacant lot. Let’s go through a couple of these benefits and see why you should consider buying if you’re not.
1. Possibility of investment: Let’s say you buy some land with intentions of building, or harvesting it, and life gets in the way and it just sits still like it did before you bought it. Big deal. The land will most likely remain in the same state, and could possibly increase in value along with the market. Lots of times when people buy a lot with a building on it, and it isn’t maintained, there’s a possibility of that land losing value.
2. Hey, you never know: Oil, natural gas, minerals, artifacts, who knows what lies beneath that vacant lot. Lots of times, there’s nothing there. Other times, you thousands of dollars can turn into millions very quickly. Don’t rule out the possibility down the road of companies or businesses having interest in the land – then it’s also worth some money too.
3. Cheap to buy and own: Vacant lots are cheap to purchase and cheaper to maintain. The maintenance and upkeep can be as little as you would like, while maintaining a land with a building takes some capital. Taxes will be less than your home, because there’s no property on it and it’s less valuable.
If considering buying land, check out our upcoming auctions for a chance to make a wise investment for a potentially low cost.