Developing Your Investment Property For Profit

One of the things my old grandpa used to tell me was “Buy land, because they aren’t making any more of it.” He also told me to invest in camera film and typewriter correction fluid (don’t worry, I didn’t!) but he was spot on about land, it’s here to stay.

Purchasing property has always been one of the best ways to increase our wealth. If you buy an investment property you aren’t just buying a piece of Australia, it is only the first step toward a potential plethora of profits via development. Increase the agricultural value of a property by building better roads to reach it, and installing a modern water system. If you happen to obtain an apartment building give it a makeover, a fresh, clean look will make it that much more attractive to potential tenants. Just by adding a coveted amenity like a swimming pool your investment will double, even triple in value!

Other possibilities include starting a business that requires land to function. One great example of putting fallow acreage to good use is installing a golf course and country club, the initial investment (grass and a clubhouse) is pretty small when compared to the enormous profits one can reap from membership dues, renting clubs, golf carts and other golf equipment, and selling those little sandwiches with the toothpicks in them at the snack bar! Put in a swimming pool and you have your own private (or public) paradise to entice your customers to spend their time (and money!) in. When you buy real estate, you are investing in something that you can grow into increased profits for years to come.

Suppose you are considering purchasing a tract of land that you think might make a great new housing development. Housing is always in demand, because we are, indeed, making more people daily, and there will always be a need for it. Australia’s population increases by around 500,000 people yearly! Even so, ask yourself some questions before committing.

Does the area feature: