If you’re investing in land, you want to get your money’s worth. More than diversifying your portfolio, you want to ensure you and your family are able to get the most enjoyment from your investment. One way people try to increase their satisfaction with their land investment is to buy bigger with a multiple acre, lot or parcel plot.
Difference Between Acre, Lot and Parcel
Acres are used to measure the size of land in square feet. One acre is equal to 43,560 square feet. Lots are subdivisions of land designated for construction or development. They’re smaller than acres – typically, four lots constitute one acre. Parcels are land with legally established property lines for tax purposes and are composed of numerous lots.
The parcels available at Ranger Ridge Estates are five to eight acres, on which you can build your dream home and any other features you want your property to have, such as a horse stable or a gazebo.
Potential Benefits of Multiple Acre Plots, Lots or Parcels
- Investment Opportunity: Land is a good long-term investment that’s tangible, usable and has a high likelihood of appreciating over time. It can also garner additional income if you use it as a rental property, which you can learn more about
here.
- Development Potential:
Multiple acre parcels can be developed into your dream property. At Ranger Ridge, we work with reputable home designers and custom homebuilders who will help you build your dream home to your exact specs and preferences.
- Diversification: Owning multiple plots of land can diversify an investment portfolio. Different plots can serve different purposes, lowering your risk of loss if one declines in value.
- Privacy and Space:
Larger parcels provide more privacy and space, allowing you to engage in your hobbies, such as hunting, gardening or horseback riding, with peace of mind.
- Tax Benefits:
There may be tax advantages associated with land ownership, including elevated growth potential and deductions on property taxes, which you can learn more about
here.
Potential Risks
- Market Fluctuations: The value of land can fluctuate based on market conditions and economic cycles. There is no guaranteed return on investment.
- Maintenance Costs:
While the tangibility of land as an investment has a lot of benefits, it also involves work to maintain. Land requires regular upkeep to prevent deterioration, meaning you will typically have to pay for routine maintenance to preserve its value.
- Regulatory Risks:
Zoning laws and environmental regulations can affect how the land can be used. It's crucial to understand the local regulations and community rules that could impact your plans for the property before you make a purchase.
- Liquidity Issues: Land is less liquid than other types of investments. Demand for undeveloped land is highly variable. Depending on where the market was when you bought and where it is now, it may be difficult to realize the return you initially expected on your investment.
Ultimately, whether buying multiple acres of land is a good investment for you and your family will depend on your goals. Are you buying the land to build a
second home or as an investment property? When are you planning to stay there and for how long? And is the location right for you?
If you decide that buying a multi-acre parcel of land is a good choice for you and your family, the lots available at Ranger Ridge offer exceptional recoup potential and maximum enjoyment from your investment.
Expansive Parcels for Sale Within Unsullied Texas Landscape Available for a Limited Time
Build your dream home within 2,800 acres of wildlife reserve/luxury development. Ranger Ridge is a unique sportsman’s refuge that offers an outdoorsman lifestyle coupled with
country club amenities so members can enjoy the best of nature without compromising comfort.
The
custom homebuilders in our network will make the design and building process seamless with minimal stress so you can start enjoying your investment as soon as possible. Call us today at (817) 618-6773 to learn more and book a tour before we sell out.