Thousand Lakes Realty
Eric Ristey

Recreational Land Is An Inexpensive Long-Term Investment

Buying a vacant land to use as recreational land can be an inexpensive investment in the long run,  the property taxes can be cheap, property insurance, no utility bills and no mortgage payments depending on whether a loan was taken or not
Recreational Land Can Be Used For Family Bonding
 Recreational lands  can be a perfect option for outdoor family gatherings during home vacations and summer vacations, you can slow down, unplug, and spend time with one another without any interruptions, recreational lands are also go for family outings like camping, hunting, fishing, hiking, ATVing, and playing sports,

Recreational Land Provides Tax Deductions

Investing in vacant land to use as recreational land can be a financial benefit even though the purchase of vacant land does not immediately create income, there is tax benefits owning vacant land. In the beginning you will have to pay a few other carrying costs (maintenance, HOA fees and property tax, but with time you can easily deduct these costs When it comes time to file taxes, you’re eligible to deduct certain investment expenses as personal itemized deductions on Schedule. These expenses are ordinary tax deductions that give you tax benefits at your regular income tax rate. Interest that you pay on money borrowed to purchase vacant land may also be considered an investment expense and can be deducted as an itemized personal deduction. However, the annual deduction for interest payments is limited to the investor’s net investment income for the year. To get your net investment income, subtract all of your qualified investment expenses from all of your investment income.

Recreational Land Is A Valuable Resource

Land is always a valuable investment because it is an essential natural resource, there are limited quantities available for recreational uses by purchasing it, you’re putting yourself in a position that is advantageous long-term. You’ll not only purchase something that you’ll love and use as a source of entertainment, but you’ll also hold it as an investment for a long period.

It Has The Power To Make You Happy
Getting out in nature also makes you happier and healthier, recreational land is used for camping, fishing, hunting, ATVing, hiking, and other activities that get you outside and into nature. If these are some of your favorite activities, then purchasing recreational land will give you the opportunity to participate whenever you want.
 It Is Safe And Consistent

Land is a long-term, tangible asset meaning It doesn’t fall apart or wear out. Nothing gets stolen or broken or destroyed If you use the land in its pure form, then you don’t even have to worry about maintaining features on the land (buildings, plumbing, and many more when you think about the risk associated with recreational land, the truth is that there is very little that exists and all of these benefits at no risk when you purchase recreational land at the right price and complete your proper due diligence.
Hoping everyone has a safe and enjoyable 4th of July.
Until next time.
  Semper Fi

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