Factors to Consider When Buying a Land for Investment

Buying a farm land can be a good investment, especially for those who are inclined to start a business involving agriculture. For some families who want a lifestyle change, a farm property can also help in slowing that pace, and at the same time teach their family old world values.

Factors to Consider When Buying a Land for Investment

But what should buyers consider when purchasing a farmland property?

Illustrado Life Magazine came up with an article hoping to guide Overseas Filipino Workers who are planning to buy a farm property back home. In that article they mentioned several considerations the prospective buyer should check prior to pushing through with the deal. “I cannot over-emphasize the need to investigate with the Registrar of Deeds that the Transfer Certificate of Title (TCT) is clean and that it really corresponds to the property that was shown to you. Generally, for agricultural lands, TCTs still need to be secured as most these types of properties are covered by just tax declarations issued by the local government units.”

Financing a Farm Land

Once everything is in order, then the prospective buyer should straighten out his finances and prepare for the payment of the farm land and other costs that come with buying a farm. He should also be prepared about the maintenance cost of the land.

Lifestyle Change

For those buying a farm land to live new lives, buying a farm land can indeed sound appealing. Leisure farming after all, remains to be a healthy hobby that is no longer reserved for retirees as more and more millennials are discovering the joy of raising families in such an environment.

The Philippine Daily Inquirer has published a feature article on owning a farm land utilized as a leisure farm. The author shared how they transformed the land that they bought into the farm that they have always envisioned. “Developing raw land is like entering a tunnel with blazing club lights. You’re raring to go even if you’re not quite sure how much juice you’ll need to power those lights to get to the end of the tunnel. The thought that we’d be sinking a sizeable chunk of our nest egg didn’t faze us, as we were excited to transform unproductive land into our dream farm.”

Investing on an agricultural property is indeed a worthwhile investment, especially when the owners would pour time into transforming it into the land that they have always dreamt of.

Realty Davao
Mt. Tres Marias Dinaville Subdivision, Ma-a, Davao City, 8000 Davao del Sur
(082) 284 5494
https://realtydavao.com/

The post Factors to Consider When Buying a Land for Investment appeared first on Realty Davao.

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