by Laura Mueller
We talk a lot about investing in land for the purposes of commercial and housing developments, but those aren’t the only types of smart land purchases. Recreational land, which is defined as any type of land used for (you guessed it) purposes of recreation, including parks and playgrounds, camping grounds, nature trails, and so on, can also be a smart investment, particularly if you’re not really interested in undertaking a massive building project.
There are two types of recreational land: personal use and public use. And in both cases, the investment is more about passion than profit — though there are plenty of ways to capitalize on the latter as well. If you’re thinking of investing in recreational land and want to know why it’s a great choice, here are four reasons to consider.
1. It keeps your money safe
With proper upkeep, recreational land can hold on to — and expand on — its value over time, making it a smart and stable place to store some extra cash. Good recreational land can also improve the areas around it, thus helping to drive up interest and property values, both of which mean that if you want to sell later on you’ll be set up to get a hefty return.
2. It beautifies your community
There’s something to be said for the utility of having a little bit more green space. While businesses and houses serve their own important purposes, recreational land simply makes a place prettier to look at. Open skies, rolling hills, and a spot to enjoy nature are valuable in their own right, and are markers of prosperity in a town. Sure it means giving up space that could be used for another big box store or parking lot, but is that really so bad?
3. It provides opportunities for profit
Depending on the features of your land, you may have quite a few opportunities to collect a profit. For example, rent out camping sites, or if you have a lake, rent out kayaks and canoes. If you have a big enough tract of recreational land, chances are there is some sort of activity you can entice people to pay for, though make sure you get the right permits first. And if you’d rather just let others enjoy the land for free (or keep it to yourself), that’s fine too.
4. It’s a retreat
Many people who invest in recreational land do it so that they always have a place to go to when they need to get away from it all. Think of owning recreational land like having your own little slice of paradise, free from the hustle and bustle of your normal day-to-day. That alone is a pretty sufficient reason to invest.
Recreational land isn’t for people who are looking to make a major return on their land investment. But what you might not gain in dollars you can certainly gain in other ways. If you’re interested in purchasing recreational land, look for vacant tracts that appeal to you and then check out their zoning designations. You should have no trouble finding a property that meets your needs and provides you with a beautiful space to call yours.
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