You could use a huge infrastructure like seaport or university to gauge the viability of the increase in value of the land
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The increase in land value takes time. You cannot expect the land to have a substantial increase in a matter of 1 or 2 years unless there is a big factor that occurred. When a mall is built near the village then that will definitely increase the value of real estate in the area.You are right though, land increase in value that's why it's call greatest asset of all time .., just keep an eye on the environment your property is , once you see people from different region doing an enquiry about your land just know that the environment is improving , so you set your price high
You can know if a land can increase in value overtime by the area in which the land is situated, for example the land is likely to increase in value and price if its in a developing area,You will know it will increase by a number of factors which include
1. Proximity to developments or urban centres. Once the urban centres is crowded, the next port of call will be that area. That's how my state of residence is currently benefiting now
2. News of development. Some developments are intended and news would go out about their happenings. Securing a land there would definitely make you a fortune
There are a lot of factors that contribute to the increase value of land.sometime if the location is close to a develop city,the price will appriciate with time.But one of the major factor is the siting of industres in a particular locality.As many persons will come into the area and this will cause the value of land to appriciate.A land value totally depend on the location of the Land for example if the land is located in a village or a countryside then you might expect the value of the Land to drop a little and it might take long time for it to gain value as you expect but if the land is located in a city or town then the price and the value of the land will increase year by year because every time and year the value of land increases.
Government development also is another important factors that determines the value of a particular land .but generally no matter how cheap A land is,I will rather invest my money in an urban settlement.There are a lot of factors that contribute to the increase value of land.sometime if the location is close to a develop city,the price will appriciate with time.But one of the major factor is the siting of industres in a particular locality.As many persons will come into the area and this will cause the value of land to appriciate.
Go for landed properties in areas that are not too rural and not too urban. Such areas tend to attract development in no long time. Check the location too, are there any upcoming projects capable of drawing populations to the area?It is said that land increase in value but not all lands rapidly increase in value, some take ages to increase, even the increase may not be that significant.
How do I know a land that will most likely increase in value rapidly?
Take cognizance of the location most importantly. Properties in locations likely to be developed would have high value. Look out for where there are developmental projects going on and acquire a property there.It is said that land increase in value but not all lands rapidly increase in value, some take ages to increase, even the increase may not be that significant.
How do I know a land that will most likely increase in value rapidly?