Do you look down on Bushy or undeveloped areas? - page 3.

Theones

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Quote from: Fatunad on August 01, 2022, 03:59:38 PM

As long it would be useful then there's no way that you would regret on what decisions you had made in the past.As long its been used in important things like education or something in emergency which you dont have
any choice then conditions or circumstances like this is something inevitable.So there's no point on going back and minding those mistakes that you had done but its not too late when it comes to that
about investments or something in related with lots and property and as long you do have the funds then i dont see anything problem about it.
You cant turn back the time and what matter most is that you are facing onwards and doing things that you had been doing recently for the benefit and molding
up your future.

We face many regrets in life. Regret for not making the right decision at the right time
Regret for not being able to notice the red flags, regret for trusting people we should not have.
Our life is full of regrets but in our culture it is said - not more than what you are meant to be not before time - what is decided by the Lord.

Fatunad

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Quote from: freedomgo on August 01, 2022, 03:23:20 PM

Quote from: Eternad on July 17, 2022, 01:05:24 PM

Been on this similar situation but my family do the reverse thing. We have a huge land property on a mountaintop and my family sold it for a very cheap price because no one is interested to take care or plant crops on it. After 5 years the lot area was used for government windmill project which becomes a tourist attraction in my province. The value of property nearby was insanely grow due to this new attraction because the mountain has a proper road already created by the government itself so nearby lots can be easily access by vehicles.

My family spend a lot of years just to sell but they just don’t sell it on the right time.

My family also chooses to live in the city renting apartment for quite long years now, even if we have a huge land property in our province. Since our property is also not developed, then we decided to sell it at a very low price, not knowing that it could cost tons of money if we waited for the right time to sell. However, my family never regret the decision after all as we also made used the money for some useful and profitable reason. But it also leaves me a lesson, to take advantage of the opportunity through buying a piece of land, because the value will definitely grow in time.

As long it would be useful then there's no way that you would regret on what decisions you had made in the past.As long its been used in important things like education or something in emergency which you dont have
any choice then conditions or circumstances like this is something inevitable.So there's no point on going back and minding those mistakes that you had done but its not too late when it comes to that
about investments or something in related with lots and property and as long you do have the funds then i dont see anything problem about it.
You cant turn back the time and what matter most is that you are facing onwards and doing things that you had been doing recently for the benefit and molding
up your future.

freedomgo

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Quote from: Eternad on July 17, 2022, 01:05:24 PM

Been on this similar situation but my family do the reverse thing. We have a huge land property on a mountaintop and my family sold it for a very cheap price because no one is interested to take care or plant crops on it. After 5 years the lot area was used for government windmill project which becomes a tourist attraction in my province. The value of property nearby was insanely grow due to this new attraction because the mountain has a proper road already created by the government itself so nearby lots can be easily access by vehicles.

My family spend a lot of years just to sell but they just don’t sell it on the right time.

My family also chooses to live in the city renting apartment for quite long years now, even if we have a huge land property in our province. Since our property is also not developed, then we decided to sell it at a very low price, not knowing that it could cost tons of money if we waited for the right time to sell. However, my family never regret the decision after all as we also made used the money for some useful and profitable reason. But it also leaves me a lesson, to take advantage of the opportunity through buying a piece of land, because the value will definitely grow in time.

inthelongrun

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You will never underestimate the value of land no matter how bushy or underdeveloped they are. This is one of my regrets. I had the chance to purchase underdeveloped lands in various places in my country but I didn't and stick to investing a big part of my saving into stocks and foreign currencies. Now comes the pandemic, and most of those investments lost their values, especially my stocks were down to as low as 50% to 80%.

Now I am planning to sell my house here in a metro city and relocate to a cheap rural area to start a farm and invest some of the proceeds in crypto too.

BitcoinPanther

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Quote from: Davidvictorson on July 22, 2022, 04:40:26 PM

Quote from: Rockstarguy on July 17, 2022, 12:46:07 PM

It seems very painful because of the amount of money spent for renting a house annually. Do you think buying your first landed property in a bushy area is a good investment for the future.

@OP, I'll answer your question with a true-life story. My landlady narrated to me how her husband, the landlord requested for a loan from the bank to build and develop the property which they now occupy. They were able to build 9 apartment blocks with the money. At that time, which was 4 years ago, the property was located in an undeveloped part of the city. Then a plot of land was sold for as low as $100. Fast-forward to 2022, the area is developing rapidly and you would get a plot for nothing less than $900. It is an investment he doesn't regret at all.

This boils down to the development of such an area. I do think that the area/place/city where your landlady bought is already developed. They just find a lot in sell and developed it as renting apartment. I don't think the area/place/town condition is the same as the OP stated.

Anyway, if the area is underdeveloped you should take the condition stated by dunfida in finding land to buy. If you messed up, you have to wait several decades before that land appreciates.

Taskford

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Quote from: AmoreJaz on July 22, 2022, 06:26:40 PM

Quote from: dunfida on July 21, 2022, 07:52:03 PM

Quote from: Sebas.tian on July 21, 2022, 06:51:23 AM

Yes, many people are fully ready to use any amount of money to buy properties in the bushy areas than undeveloped areas, because many people prefer to live in the town where you can get what you want at the moment than undeveloped areas were you will find it difficult to get what you want at the moment. Many properties in the bushy areas are more easy to sell to make a good income, because many rich men are very ready to use any amount of money to buy any properties in the bushy areas than undeveloped areas that will take many years before it will start developing in the community.

Considerations you should need to mind off when buying a land(bushy area)

1. Access to main road
2. Location
3. Nearby community or view spots
etc....

These would be the main things you would be checking on before you would consider on buying a lot or property.
You cant just shell out some funds without even thinking about those things because land purchase wont come cheap
even if you do say its per/sqm is bit cheap than others since area is wide or depend but still a significant amount to shell out.

those factors are important because if you will develop your land, do you think it is okay for you to have a long walk in case of emergency, if you happen to have no car or your car is broken? you'll never know the situation you will be in. so yeah, there are a lot of considerations you need to think about it. it is not because the property is cheap but if all the factors you think you can live with, then, go for it.

Even if you didn't develop the area and if all of those criteria meet by the bushy land you own for sure the value or it will skyrocket since businessman will buy it if they see a potential of the land you own. But also eventhough the mentioned has not been yet develop still the bushy land is good investment because for sure in future all of place will get develop by government and price of lot keep rising so the one who own something will surely get benefits in future.

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Quote from: Hamphser on July 22, 2022, 05:39:30 PM

But sometimes these kind of purchases doesnt really always end up on happy ending but there are high chances or probabilities for these bushed lands or plots to be developed because we know that popular does

increase year by year which does simply means that it could really be able on being hit up with the development which might even scattered even more on the future and when the time comes that it would be ending up on getting placed on commercial places then expect that value would skyrocket out which is really that normal that people who had bought will really able to cherish out on the risk that they had take on
specially into those early years.

Majority of them doesnt really anticipate nor get surprised and some do knows that it does have some potential and it turned out to become true.

In the end we don't know whether a place has the potential to be crowded or not. Indeed several factors have to be considered, access, geographical location and scenic zones that may have an appeal in the future. All do not rule out the possibility of being the right place to invest. As you said, not everything goes smoothly and according to the investment made. After all, there are many land investment projects that fail, are abandoned and end up being abandoned because it returns to investors in their seriousness to build an area that has its own charm.

AmoreJaz

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Quote from: dunfida on July 21, 2022, 07:52:03 PM

Quote from: Sebas.tian on July 21, 2022, 06:51:23 AM

Yes, many people are fully ready to use any amount of money to buy properties in the bushy areas than undeveloped areas, because many people prefer to live in the town where you can get what you want at the moment than undeveloped areas were you will find it difficult to get what you want at the moment. Many properties in the bushy areas are more easy to sell to make a good income, because many rich men are very ready to use any amount of money to buy any properties in the bushy areas than undeveloped areas that will take many years before it will start developing in the community.

Considerations you should need to mind off when buying a land(bushy area)

1. Access to main road
2. Location
3. Nearby community or view spots
etc....

These would be the main things you would be checking on before you would consider on buying a lot or property.
You cant just shell out some funds without even thinking about those things because land purchase wont come cheap
even if you do say its per/sqm is bit cheap than others since area is wide or depend but still a significant amount to shell out.

those factors are important because if you will develop your land, do you think it is okay for you to have a long walk in case of emergency, if you happen to have no car or your car is broken? you'll never know the situation you will be in. so yeah, there are a lot of considerations you need to think about it. it is not because the property is cheap but if all the factors you think you can live with, then, go for it.

Hamphser

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Quote from: Davidvictorson on July 22, 2022, 04:40:26 PM

Quote from: Rockstarguy on July 17, 2022, 12:46:07 PM

It seems very painful because of the amount of money spent for renting a house annually. Do you think buying your first landed property in a bushy area is a good investment for the future.

@OP, I'll answer your question with a true-life story. My landlady narrated to me how her husband, the landlord requested for a loan from the bank to build and develop the property which they now occupy. They were able to build 9 apartment blocks with the money. At that time, which was 4 years ago, the property was located in an undeveloped part of the city. Then a plot of land was sold for as low as $100. Fast-forward to 2022, the area is developing rapidly and you would get a plot for nothing less than $900. It is an investment he doesn't regret at all.

But sometimes these kind of purchases doesnt really always end up on happy ending but there are high chances or probabilities for these bushed lands or plots to be developed because we know that popular does

increase year by year which does simply means that it could really be able on being hit up with the development which might even scattered even more on the future and when the time comes that it would be ending up on getting placed on commercial places then expect that value would skyrocket out which is really that normal that people who had bought will really able to cherish out on the risk that they had take on
specially into those early years.

Majority of them doesnt really anticipate nor get surprised and some do knows that it does have some potential and it turned out to become true.

Shasha80

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Quote from: Minecache on July 19, 2022, 10:29:21 PM

Quote from: Shasha80 on July 19, 2022, 06:45:39 PM

Quote from: Rockstarguy on July 17, 2022, 12:46:07 PM

Have you ever or come across friends/ family members feel regretting of not buying land property in an undeveloped area that later turned a city after some years, houses/land property becomes very expensive. Time without numbers of have always heard many people how they gave histories about some areas when it was coming up land was sold for a very little amount of money, then they had opportunity to get land for a penny but not interested of it because it was bushy and not developed.

After some years the place gets developed by people who endured and quickly moved in no matter how it was bushy and undevelope. Most of the people I meet making complain like this never had opportunity again to afford a piece of small land again because of much responsibility of life.

It seems very painful because of the amount of money spent for renting a house annually. Do you think buying your first landed property in a bushy area is a good investment for the future.

We should never look down on an undeveloped area, because a few years later the situation will definitely change. My own parents regret that
when they had a large income they were never interested in buying property in an undeveloped area. Even though as time goes by, one by one
the areas that have not developed are developing very rapidly, and even the increase in property prices was very significant. After all, investing
in property is very profitable, especially buying property in undeveloped areas is much more recommended. Besides the price is usually more
affordable, the profit generated can also be very large, the most important thing is to be patient waiting for the price of the property to rise.
This is actually a lesson for all of us, if our finances are limited and do not have the ability to buy property in developing areas, then consider
buying a property in an undeveloped area. It will make our future better, because property prices will always go up.

Simply put, we just have to think like this, the population will keep growing and the land will stay the same and no more can be created. Therefore, investing in real estate will definitely be profitable. The undeveloped areas have not received as much attention as the central areas, but once the central areas run out of space, it is imperative that we have no choice but to move to the bushy areas.

It is natural for them to raise prices but it will take quite a while, you can buy undeveloped areas but should determine it will be a long term investment.

It's true what you say, however the human population will continue to grow, meaning the need for house will also increase. So when real estate
in central areas is full and there is no more land to build houses, next they will look for land to build houses in undeveloped areas. That's why buying
land anywhere will be profitable in the end, indeed the possibility of us making a profit from buying undeveloped areas will be felt in a very long time.
But the profit generated will be enormous, and it is proven safe for long-term investment in real estate. Then when we invest in real estate to
make it cheaper, we should buy vacant land that has not been built a house, besides the price is cheaper, we also will not be burdened with
home maintenance costs. So for now I want to start buying vacant land in undeveloped areas, at least it can be a very good retirement plan
by investing in some vacant land that is in undeveloped areas.

Davidvictorson

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Quote from: Rockstarguy on July 17, 2022, 12:46:07 PM

It seems very painful because of the amount of money spent for renting a house annually. Do you think buying your first landed property in a bushy area is a good investment for the future.

@OP, I'll answer your question with a true-life story. My landlady narrated to me how her husband, the landlord requested for a loan from the bank to build and develop the property which they now occupy. They were able to build 9 apartment blocks with the money. At that time, which was 4 years ago, the property was located in an undeveloped part of the city. Then a plot of land was sold for as low as $100. Fast-forward to 2022, the area is developing rapidly and you would get a plot for nothing less than $900. It is an investment he doesn't regret at all.

lixer

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Quote from: Rruchi man on July 18, 2022, 02:01:03 PM

If I had the resources to, I will buy any sort of land even a waterlogged, a swampy land etc...Land is getting scarcer by the day, and that means more valuable. My city for instance is so densely packed that there's barely any land for sale in the city, to get a space to erect a new structure, you have to buy an already existing property and demolish it to build your own if that's your wish. It is an indication that land is becoming more valuable as development is spreading fast. To own any sort of land not just the bushy ones is a good investment for the future.

Good thinking, good business idea. What is beat is to buy and keep because you never predict what may happen in the future, buy the available land that you can afford and if time comes , their is enough money to buy the one that is in a better site, you can decide to sell the one that was bought in a remote area long time ago.

One good thing about landed properties is that it never depreciates no matter the time, so it’s actually a very good idea to buy and keep because it has vast uses and one could never tell which one it would perform in future. No matter the location, just buy and make sure you have the property registered in your name, anything can happen at any time and you’ll definitely not regret having land in your possession.

Along with internet and online opportunities, being a freelancer must be a kind of career which will get you good standard of life style regardless of where you are living. Bitcoin is adding another layer of advantage to freelancers these days.

dunfida

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Quote from: Sebas.tian on July 21, 2022, 06:51:23 AM

Yes, many people are fully ready to use any amount of money to buy properties in the bushy areas than undeveloped areas, because many people prefer to live in the town where you can get what you want at the moment than undeveloped areas were you will find it difficult to get what you want at the moment. Many properties in the bushy areas are more easy to sell to make a good income, because many rich men are very ready to use any amount of money to buy any properties in the bushy areas than undeveloped areas that will take many years before it will start developing in the community.

Considerations you should need to mind off when buying a land(bushy area)

1. Access to main road
2. Location
3. Nearby community or view spots
etc....

These would be the main things you would be checking on before you would consider on buying a lot or property.
You cant just shell out some funds without even thinking about those things because land purchase wont come cheap
even if you do say its per/sqm is bit cheap than others since area is wide or depend but still a significant amount to shell out.

Sebas.tian

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Yes, many people are fully ready to use any amount of money to buy properties in the bushy areas than undeveloped areas, because many people prefer to live in the town where you can get what you want at the moment than undeveloped areas were you will find it difficult to get what you want at the moment. Many properties in the bushy areas are more easy to sell to make a good income, because many rich men are very ready to use any amount of money to buy any properties in the bushy areas than undeveloped areas that will take many years before it will start developing in the community.

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Quote from: Rockstarguy on July 17, 2022, 12:46:07 PM

Have you ever or come across friends/ family members feel regretting of not buying land property in an undeveloped area that later turned a city after some years, houses/land property becomes very expensive. Time without numbers of have always heard many people how they gave histories about some areas when it was coming up land was sold for a very little amount of money, then they had opportunity to get land for a penny but not interested of it because it was bushy and not developed.

After some years the place gets developed by people who endured and quickly moved in no matter how it was bushy and undevelope. Most of the people I meet making complain like this never had opportunity again to afford a piece of small land again because of much responsibility of life.

It seems very painful because of the amount of money spent for renting a house annually. Do you think buying your first landed property in a bushy area is a good investment for the future.

More and more people are moving to the cities and this seems to be a trend that is not going to stop, and if to this we add that the world population keeps growing then buying land for a cheap price before that piece of land is integrated into the city is a very good idea, however this is a long term investment as it could take years or even decades before you see the results that you are expecting, however it is a very safe bet so if someone wants to do something like that then they should do it, especially if they are young and they can wait that long before they get those benefits.

Fortify

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Quote from: Rockstarguy on July 17, 2022, 12:46:07 PM

Have you ever or come across friends/ family members feel regretting of not buying land property in an undeveloped area that later turned a city after some years, houses/land property becomes very expensive. Time without numbers of have always heard many people how they gave histories about some areas when it was coming up land was sold for a very little amount of money, then they had opportunity to get land for a penny but not interested of it because it was bushy and not developed.

After some years the place gets developed by people who endured and quickly moved in no matter how it was bushy and undevelope. Most of the people I meet making complain like this never had opportunity again to afford a piece of small land again because of much responsibility of life.

It seems very painful because of the amount of money spent for renting a house annually. Do you think buying your first landed property in a bushy area is a good investment for the future.

It's a bit of a confused question that you're asking. If somebody is really interested in purchasing land then they will figure out a way to do it and save up enough money to buy it - prices vary by country and by region. If you're in the land buying game you will generally need deep pockets to compete, but there are always opportunities out there if you keep looking. You might be better off hunting via smaller auction houses who might pick up a small plot or two from some family estate that is being dissolved after a death. It depends on what you want to do with the land as well - some people simply want to own natural land, never to be touched or developed. Others have ideas of building their own homes which heavily increases the price.

Mahanton

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Quote from: Reid on July 20, 2022, 06:29:20 AM

Yes it is. The place that I bought was all bushy before. It almost look like a farm and when I bought it there is a less amount of people living in it.
Now, there are kids playing outside you can hear the noise from neighbors and there are many shops built.
The price of my property now didn't just double, it is now tripled because I am still checking the website about the prices of spots that is still vacant.
Told my friends about it and now they are regretting they didn't buy as early as they did. They are having a hard time now to get a good place and position while before you could pick anywhere you want.

Not everyone would definitely decide to buy a certain property on point considering the cost even though it is still cheap on per square meter basis but not all does have the cash and the finances
for them to make out such decision thats why even though they do like to buy a land because they've seen the potential but they dont have money then they would surely be missing out that
opportunity thats why we cant really conclude that to those people who had missed doesnt able to see the potential of a particular place or underdeveloped areas which some doesnt really just
have the money for them to buy even on the smallest amount as possible to buying purchase or power then not all does have the capacity.

Reid

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Yes it is. The place that I bought was all bushy before. It almost look like a farm and when I bought it there is a less amount of people living in it.
Now, there are kids playing outside you can hear the noise from neighbors and there are many shops built.
The price of my property now didn't just double, it is now tripled because I am still checking the website about the prices of spots that is still vacant.
Told my friends about it and now they are regretting they didn't buy as early as they did. They are having a hard time now to get a good place and position while before you could pick anywhere you want.

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Quote from: Rockstarguy on July 17, 2022, 12:46:07 PM

Have you ever or come across friends/ family members feel regretting of not buying land property in an undeveloped area that later turned a city after some years, houses/land property becomes very expensive. Time without numbers of have always heard many people how they gave histories about some areas when it was coming up land was sold for a very little amount of money, then they had opportunity to get land for a penny but not interested of it because it was bushy and not developed.

After some years the place gets developed by people who endured and quickly moved in no matter how it was bushy and undevelope. Most of the people I meet making complain like this never had opportunity again to afford a piece of small land again because of much responsibility of life.

It seems very painful because of the amount of money spent for renting a house annually. Do you think buying your first landed property in a bushy area is a good investment for the future.

Investing on real estate is also like some kind of gambling because we buy a property for cheap and too far from developed areas and expect it to become developed the value increase 10x or more. If someone have enough money to afford such investment then they can go for it and if they missed it then they can regret but for a salaried class person its like double burden so I would say just be happy where you are but never forget about increasing the standard of living so for all this the first step if start saving then only we can decide what can we do with the money.

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Quote from: Stella Mese on July 20, 2022, 12:53:29 AM

In my opinion, if someone offers to sell the land, and the land is in a remote area, I think it's a good opportunity to buy it because, in the future, the price of land will be more expensive, but what is certain is that the place and location must be surveyed first. good potential for the future or not, if it's good, we can buy it.

The real estate is a business that is everly profitable and it has never failed when done nicely. Buying of landed property is actually profitable, this is because landed properties are fixed assets. The land itself will always appreciate no matter how long it might take. If you as the buyer does not enjoy it, definitely your children will.
There is a method one man I know used, there was a community in crisis and everyone flew the community. But the rightful owner of the land sold the land for small money because of the community crisis. 7 years later the crisis was over and government came in to develop the community and price of the land in the community was so much high. At any time be it war or penury, smart people always take advantage.

Topic: Do you look down on Bushy or undeveloped areas? - page 3. (Read 877 times)