Do you look down on Bushy or undeveloped areas?

[Hamphser]

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.

[AmoreJaz]

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.

[hyudien]

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.

[Taskford]

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.

[BitcoinPanther]

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.

[inthelongrun]

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.

[freedomgo]

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.

[Fatunad]

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.

[Theones]

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.

[uneng]

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.

That is true. Not every bushy areas will develop fast. We might wait a whole life without seeing any development on that area, so it' not possible to adopt this as a guaranteed investment or strategy, unless we have as focus our future generations (our sons and grandsons).

One alternative is to purchase pieces of lands at brand new neighborhoods starting from zero. This way you have access to cheaper prices, while having the assurance of the short term structural goals for the area through the blueprints displayed by the contractor's company responsible for the project.

Or you can try to see ahead everyone else, predict what the promising regions of your country are for the next few years, and purchase a land there.

[Russlenat]

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.

What we see today will be never be the same again the next day, or in the future. Just like a property, if it’s not developed yet, we always think it’s useless, but when developers see its potentials, it’s value instantly grows. So if we always focus on the future, that this land will become more developed, then it’s always a good investment to buy properties even in a bushy area.

[South Park]

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.

What we see today will be never be the same again the next day, or in the future. Just like a property, if it’s not developed yet, we always think it’s useless, but when developers see its potentials, it’s value instantly grows. So if we always focus on the future, that this land will become more developed, then it’s always a good investment to buy properties even in a bushy area.

What happens is that a great deal of people do not have the foresight to see that as the big cities keep growing then they need more land in order for the city to grow and as such it is a good idea to buy some undeveloped land and wait for the time the city expands and it reaches it, however other smart people are thinking the same so the competition is fierce and while money can be made out of those investments when we compare it at the speed the bitcoin market moves then I think it is a better idea to just invest in bitcoin than in a piece of land like that.

[Sanitough]

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.

Land properties could be a good investment since it grow its value along with time. Unlike other assets or investments, buying real estate could give you more profits in the long run because you know its value will never depreciate, but continue to double its price especially if that will be more developed and will show source of progress.

[Vaculin]

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.

Everything that seem so less of value and importance at first will eventually change in the future especially with land properties that yields price appreciation in the next preceding years. So it’s not a bad idea to spend your money and invest into underdeveloped and bushy areas since they are expected to increase their price value once the area has been developed and become commercialized.

[carlfebz2]

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.

Everything that seem so less of value and importance at first will eventually change in the future especially with land properties that yields price appreciation in the next preceding years. So it’s not a bad idea to spend your money and invest into underdeveloped and bushy areas since they are expected to increase their price value once the area has been developed and become commercialized.

But not all the times because you would really be seeing that not all had bought lands and properties ending up on being profitable and stayed up to be underdeveloped after how many decades had passed

thats why i do believe that it is really somewhat needed off some luck too whenever you do buy a land or bushy area but for the sole purpose of buying a land for your place to live in then we wont really be having

these kind of consideration but for the sake of investment for long term then you should really consider some set of criteria for you to see whether its a worthy purchase or not.
Not all the times it would be ending up on a success but investing with land and similar to it is something worthy i must say.

[dothebeats]

This is painfully relatable.

I had my eyes set on some parce of land some 30 kms away from the capital city. I always pass by those lots for years whenever I want to go on a quick drive to relax. Last time I inquired, the price per sqm of the said land was $15 equivalent to our country's money. Fast forward 4 years later, one of the premiere property development companies in the Philippines decided that they would buy the land on that same area where my prospect is lying on, and develop a subdivision of some sort. At that moment, I wish I just took that loan the bank was offering and buy a hefty piece of land to sit on for just 4 years. I could have made some quick buck without doing anything but I chickened out. It was one of the single, most regrettable thing I have ever done in my life.

There are still lots of land waiting to be bought on those mountainsides. It is a prime spot for diners and restaurants but the prices of land is still extremely low.

[Theones]

This is painfully relatable.

I had my eyes set on some parce of land some 30 kms away from the capital city. I always pass by those lots for years whenever I want to go on a quick drive to relax. Last time I inquired, the price per sqm of the said land was $15 equivalent to our country's money. Fast forward 4 years later, one of the premiere property development companies in the Philippines decided that they would buy the land on that same area where my prospect is lying on, and develop a subdivision of some sort. At that moment, I wish I just took that loan the bank was offering and buy a hefty piece of land to sit on for just 4 years. I could have made some quick buck without doing anything but I chickened out. It was one of the single, most regrettable thing I have ever done in my life.

There are still lots of land waiting to be bought on those mountainsides. It is a prime spot for diners and restaurants but the prices of land is still extremely low.

Our PM focus on Urban Forests and There is another kind of forest which is called Mykeri I am not sure if I spelled it right.
But it's like growing trees close to each other are taken care for almost 6 months.
Then the forest grow on their own.

[Albepson123]

I've experienced the opposite situation, my sister bought a house on the edge of an underdeveloped city a few years ago. Now the suburb has been slowly developed into a new economic zone, and the price of the house has gone up a lot. As far as I am concerned, whether to buy my first house in a Bushy area should be investigated specifically whether there is one in this area.

[xSkylarx]

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

Buying a property in an undeveloped place or let's say like a rural area can still be a good investment depending on your plan on it. Even if it will never become a city or a crowded place, you can still build a farm there like livestock or have your own fish pond. You can freely develop the area without bothering some establishments. If your plan is to build your house or have a store business there then it would be better to make sure it's near on a well-developed area so your investment won't go to waste.

[carlfebz2]

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

Buying a property in an undeveloped place or let's say like a rural area can still be a good investment depending on your plan on it. Even if it will never become a city or a crowded place, you can still build a farm there like livestock or have your own fish pond. You can freely develop the area without bothering some establishments. If your plan is to build your house or have a store business there then it would be better to make sure it's near on a well-developed area so your investment won't go to waste.

Mate you are saying the real thing, firstly it only depends only what the person wants to do with land. Land can be use for farming that can generate money,  their are many things land can be used to make money. Some people believe the only way to make money from land is build houses and rent it out.

Depends whether it would be a potential commercial lot space or would be agricultural lot which it is really true that making money would be totally depending on what type of lot you are owning or you had purchased

Its up to someones consideration whether you do have long term purpose for such purpose or just simply you do really like to make money out of agricultural which had been said that it does really depend on what

type of land but there are some spaces or lots which it could be altered out but it would be entirely depending if the owner would decide and it all talks about money making.