Do you look down on Bushy or undeveloped areas?

[Rockstarguy]

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.

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[Eternad]

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.

[Alisha-k]

Landed properties remains one of the ever growing investment despite where it is situated. I prefer bushy landed properties to landed properties in developed areas. When i was growing up there was this land situated in an interior bushy path. Then the land sold for cents we ignored it because it was in a bushy area but today the same land now worth thousands of dollars. When it comes to landed investment bushy areas are the most preferred by me because of what i learnt while growing

[hugeblack]

You will not get useful answers by asking a general question, but the property gains intrinsic value from the place, if you can determine the place correctly, you will make a fortune.
I can tell you the stories of those who bought real estate in a strategic location, but after a few years it turned into deserted areas and back.

The idea is to predict the future of the place in the medium and long term, not what is the case now.

We should also not forget about variables such as taxes, annual fees, government plans, ease of access to services and what customers demand.

[jackg]

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.

I think this has happened in a lot of places where land becomes more expensive because the area near it become more desirible and maybe easier to access. (there will be a lot of occasions where villages have been built near good transport links after they've been built to transport grain for farmers for example). Remote areas stop being remote if they've got a train station nearby that connects them to larger cities.

[jamyr]

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.

Real Estate is one of the best, if not the best investment there is. As our population grows, there will be less and less space for everyone.
If youre looking into buying a property that is "bushy" , or far-flung, I would suggest picking a property where you can grow fruit bearing trees. Also it is best to consider a property that is not within fault lines.

The only instance where your investment shrinks in real estate is if the property would be considered unsafe for habitation. This could be because it is prone to natural calamities such as flooding and earthquakes.

[2stout]

Nope, because these areas could eventually be developed and that's when the exponential increase in value begins.  One of the best assets to hold which has stood the test of time is real estate.  Land typically always has some sort of value attached to it and seems to grow over time.

[aoluain]

Nope, because these areas could eventually be developed and that's when the exponential increase in value begins.  One of the best assets to hold which has stood the test of time is real estate.  Land typically always has some sort of value attached to it and seems to grow over time.

Yes land is always a good purchase. In my country and I'm sure in many other countries
the tricky part is developing that land to something other than agricultural. I know some
people who bought land and were hoping to build houses on it but the permission was
refused, the only thing the can use it for is still agricultural purposes.

So to the OP's question:

Do you think buying your first landed property in a bushy area is a good investment for the future.?

In general, yes its a good investment provided you know it can be developed for what
you want to do with it.

[BIT-BENDER]

Firstly I have always been thought not to call any area/country underdeveloped I would rather use the term developing. Every where is developing and it’s how fast an area is developing compared to others, when you look at things this way you would be able to see potentials in places people ignore. Before you purchase a land property you have to bare in mind the cost of the land, and your thoughts about your future ROI from that property. An area might be bushy but for now but with the right research you may just predict accurately the future potentials of the property.

[naira]

That is why the ancestors always give advice so that what they leave behind should not be damaged and sold. Since it was their only inheritance, a piece of land that had to be used in the future. Speaking of land for sale, it depends on how much potential an area has to produce seeds of wealth. The potential of natural tourist attractions is very strategic and also has good long-term prospects. I experienced this when I didn't buy a house that was still cheap and is now the most crowded place and the price is 100X more expensive.

[crzy]

As long as you think you can live their and still have a good neighborhood, then why not?
Basically, we buy a house or land on a place where we can find peace and security, buying a property is not easy but its the goal for most of us here. I also have my dream of having my own house, and my top priority is the budget and of course the location of the property, though I prefer to have a property on a city proper.

[Gozie51]

The issues raised in the OP is still going on currently because nothing is new in the face of the earth, people are still regarding some areas that they have offer to buy land as bushy, interior village or underdeveloped. There is nothing wrong to call such environment such names though but what is wrong is not to buy any land in the so called developed area at the end of the day because in the future that underdeveloped area will metamorphose to developed area yet you don't have any to call your own. Buying of land is good investment depending on the plan you have for it and sometimes, it is also good to buy for keep instead of leaving your money with the bank. Land appreciates with time and you can't say that for money in the bank. Land appreciates with reasonable percentage.

[boyptc]

There is the same feeling that I've thought from a relative of mine when a property was offered to them. Actually it doesn't look good but it's along the hi-way and that's why the location is really good but they've rejected it and didn't bought that. Now, I used to pass through that property and it's already developed that.

It is the reason why I feel this topic and if I'm the one on their situation before, I'd probably have bought a lot of it.

Do you think buying your first landed property in a bushy area is a good investment for the future.

Really depends on the options, if you've got no options and you see that development on that area is imminent then you go for it since most land properties that are in that type of location are cheaper.

[edgycorner]

This question can't be answered with a yes/no

It would depend on a lot of factors. In general, buying undeveloped land can be a good idea if the buyer has a specific use for the land in mind and is willing and able to develop it themselves. However, buying undeveloped land can also be a risky investment, as the value of the land may not increase as much as the buyer expects and the development process can be expensive and time-consuming. As the development process can take a long time.

[Zlantann]

The idea is to predict the future of the place in the medium and long term, not what is the case now.
We should also not forget about variables such as taxes, annual fees, government plans, ease of access to services and what customers demand.

Sometimes it is very difficult to predict the future of a place especially in countries that suffer from political instability. In my country new government always abandon the plans and developmental strategies of the former government. It might sound strange but that is what happens. Hence, if someone purchase a land in a place mapped out by the government for a particular project, immediately the tenure of that government expires, the next government would abandon the plan. Such lands would immediately loose value. My family bought a property in a location where the government wanted to situate a stadium and a multi million Dollar amusement park, but the government was kicked out of office and that land is a farmland till date because we can't  build the proposed residential area again. Generally I feel investing in bushy or underdeveloped areas is cheaper but the time and possibility of benefiting or profiting from them is unpredictable.       

[bittraffic]

The idea is to predict the future of the place in the medium and long term, not what is the case now.
We should also not forget about variables such as taxes, annual fees, government plans, ease of access to services and what customers demand.

Sometimes it is very difficult to predict the future of a place especially in countries that suffer from political instability. In my country new government always abandon the plans and developmental strategies of the former government. It might sound strange but that is what happens. Hence, if someone purchase a land in a place mapped out by the government for a particular project, immediately the tenure of that government expires, the next government would abandon the plan. Such lands would immediately loose value. My family bought a property in a location where the government wanted to situate a stadium and a multi million Dollar amusement park, but the government was kicked out of office and that land is a farmland till date because we can't  build the proposed residential area again. Generally I feel investing in bushy or underdeveloped areas is cheaper but the time and possibility of benefiting or profiting from them is unpredictable.       

Remote areas are only good to settle in for awhile when there is already a developed community and established businesses. Its hard enough to just stay in the remote area where youre going to travel half a day for groceries. Its necessary to have a grocery stores nearby, schools and hospitals which a real property investor would look for before buying.

Near my place is a tourist destination but its not very developed down the mountain but we do have a Chinese company operating which somehow made the community busy. With this company, the price of the lot somehow had risen.

[Mauser]

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 depends on how much time and money you want to invest in a big project like that. My grandparents were the first to buy a piece of land far outside of the city. We still have the aerial pictures from back then, there were no roads, no lights, no infrastructure, only our house. And now 80 years later we live inside the city. It's hard to predict how big cities can grow, but if you are willing do wait all your life then everything is possible. The problem is that my grandparents invested so much time into building up the house and garden, and they had to pay for so many things, like development of roads, canals, traffic lights and later even the Internet cable. All the people who moved later in the area didn't have to pay for all these things, they had to pay for much higher land prices.

[Husires]

Investing in an investment opportunity that you do not have enough detailed information and experience is a form of madness or gambling.
 you find that millions of people are buying property because of the recommendation of parents, real estate consultant, broker or other people who have asked about their price and commission without taking the risk with you if you lose your money .

We may all go through similar stories, but there is no need to regret, there are new choices every day.

[TheNineClub]

I would say I wish that some land was bought by my family some time ago, not to be sold now when the prices are high, but because I personally am unable to afford living in those parts because the prices are high. And we are not talking about Manhattan here xD Wishing that only to make a profit is just sad. But the issue of younger people not being able to afford something their parents took for granted some years ago is an ongoing issue that seems to be creating friction between the generations.

[livingfree]

Investing in an investment opportunity that you do not have enough detailed information and experience is a form of madness or gambling.
 you find that millions of people are buying property because of the recommendation of parents, real estate consultant, broker or other people who have asked about their price and commission without taking the risk with you if you lose your money .

We may all go through similar stories, but there is no need to regret, there are new choices every day.

It all really depends on how you look into these opportunities. If you believe that someday it will be a great place where land developers are going to come and make it as an urban place, your investment has been worth it.

But eventually, majority of the land are going to rise in prices because development is continuous per area. So, if that's a positive on your outlook and opinion that you see that someday it will be a place where a community will be built, you may want to take it and let it your money there for years.

Only if you don't need that money now.