3 reasons why buying vacant land in an estate is a good investment
3 reasons why buying vacant land in an estate is a good investment
Investing in a coastal estate is beneficial for everyone from first-time buyers to families and retirees, but the big debate is often between buying a home or buying land and building oneself. While buying a completed home is a better investment choice for some, there are some significant benefits to buying vacant land.
1. Lower purchase price
“Buyers will benefit from cost savings in terms of the transfer duty and municipal rates as these are based on purchase price and property value. There is also less financial outlay needed in terms of maintenance expenses, and home inspections, so this makes land a great entry point into real estate for new investors.”
Quote provided by a Development Director of an eco-focused lifestyle estate on the KZN South Coast
2. Creative freedom
“While remaining within the style and tones of the existing estate, buyers can build what they want according to their vision. There are no limitations according to existing infrastructure.”
Quote provided by a Development Director of an eco-focused lifestyle estate on the KZN South Coast
3. Future-focused design
“From eco-friendly building materials to solar energy and water retention options, your home can be as energy efficient as you choose. It also allows for future planning, so young couples who plan on having children can factor this into the design, with home offices and outdoor spaces crafted to the individual lifestyle.”
Quote provided by a Development Director of an eco-focused lifestyle estate on the KZN South Coast.
Information provided by the publicist.
