Land Sale Tennessee Great Investment

With more than 41,000 square miles of land, the state of Tennessee is ripe with land investment opportunities. From tranquil waterfront properties to lots near the Appalachian Mountains, The Volunteer State’s varied landscape offers something for just about every investor. And as the state’s population of 6.4 million continues to grow each year, the value of land will continue to rise as well.

Tennessee Land – Finding the Right Plot

Many plots of land in the great state of Tennessee include numerous acres, but small residential plots are also available for aspiring homeowners looking to build their dream home. No matter whether you are looking for waterfront property, farmland or a stretch of land near the mountains, Tennessee has something for everyone.

When searching for land, there are a few things that should be kept in mind:

Location: The location of the land is, in most cases, the most important thing. This is true for both investors and buyers looking to build a home. The closer the land is to a populated city, the higher the value. With the average person in Tennessee driving 24 minutes to and from work, it’s beneficial for investors to consider land close to employers in major cities, such as Memphis and Nashville.

Purpose: What purpose will your land serve? Are you looking to build a home, or use the land for recreational purposes? Perhaps you want to use the land for farming. It’s easy to find cheap land in Tennessee, but some cheap plots may not be suitable for your purpose. Make sure that the plot is buildable if you plan on building a home. If you’re considering leasing your land to hunters, make sure that your plot is in a desirable location and offers an appropriate amount of acres.

Utilities: No matter what the purpose of the land is, it’s important to consider the plots access to utilities. The land becomes much more valuable and versatile if electricity, water and sewer lines are already available. If they are not available, you may need to add the cost of running these lines into your budget.

Access: Access to main roads is another important thing that you need to consider. If the property is easily accessible, it will make building or leasing the land much easier.

Tennessee Housing and Economy

There are more than two million households in Tennessee, and the state boasts a high homeownership rate of 68%. With the median value of homes being $138,700 and the high availability of cheap land, Tennessee is a great state to consider if your goal is to build a home and sell. Housing units in multi-unit structures sits at 18.2%, so this state should also be considered if you are looking for housing development opportunities.

Numerous major corporations are headquartered in Tennessee, including AutoZone, FedEx, Nissan Motor Company and Regal Entertainment Group. The state is also home to a Volkswagen factory. The average household income is on par with the rest of the country, and the state’s beautiful scenery attracts thousands of tourists each year. With a stable economy and a thriving tourism industry, land investments in Tennessee are profitable on both the residential and commercial forefronts. The state is also known for its agricultural industry, which continues to thrive to this day.

While industry makes up the majority of Tennessee’s economy, agriculture still plays a major role. The state’s leading crops include soybeans, tobacco and cotton. Dairy products, hogs and cattle are also the state’s top farm commodities. With a thriving agricultural industry, Tennessee is also a great place to invest in farmland. As an added bonus, numerous farms are situated along the river banks and are just a short drive from some of the state’s major cities.

From an investor’s perspective, Tennessee is a great place to invest in land for residential, commercial or agricultural purposes. Cheap plots of land are available that offer numerous acres and allow you to easily make a cash transaction. With the Appalachian Mountains to the East and the Mississippi River to the West, Tennessee offers something for every type of investor. But plots of land in this state don’t last long. Investors would be wise to take advantage of great investment opportunities quickly.

You Might Like

You want to invest in land, but you don’t have a whole lot of money to spend. Most investors can comfortably afford to buy 3 acres of land, especially if...

Which are the Most Profitable Buy to Rent Properties?

Which are the Most Profitable Buy to Rent Properties?

The most profitable buy to rent properties to add to your portfolio are a lot harder to find than investors tell you. An issue is that investors often just look...

Land As A Quality Investment

Land As A Quality Investment

Discussions of real property investment normally focus on single-family homes, multiple-family dwellings and commercial properties. Land rarely enters into the conversation, even though can often bring higher returns. Investing In Land Why...