Americans are buying land over traditional real estate: Here’s why

NewsMore Americans are buying land instead of traditional forms of real estate due to the flexibility, fewer maintenance costs and long-term growth opportunities.Canva/Katherine RodriguezBy Katherine Rodriguez | NJ.comThere is a quote from the writer Mark Twain where he advises people to “buy land” because " they’re not making it anymore."Years later, many Americans are now making this trend a reality.According to OffersTree, a real estate technology company and nationwide land marketplace, Americans are are adding vacant plots of land to their investment portfolios alongside single-family homes and rental properties.Here’s why many Americans are choosing to invest in plots of land.Why are so many Americans investing in vacant land?Americans’ interest in buying land has to do with several trends in the real estate market.“Population growth in emerging regions, infrastructure investment, changing lifestyle preferences and expanding renewable energy projects” are some of the reasons Americans are looking to buy vacant land, according to OffersTree.Unlike other forms of real estate, vacant land requires no maintenance or tenant management.Land also offers flexibility for residential development, farming, recreation, long-term investment or other uses beyond traditional homeownership.“Today’s buyers are looking beyond what land is being used for right now and asking what opportunities it could provide in the future,” said AnuSavi Tara, founder and CEO of OffersTree in a statement. “Location remains important, but buyers are also paying closer attention to zoning, infrastructure, legal access and long-term usability before making a decision.”Nobody in this entire town pays school taxes. Can it last forever?Katherine Rodriguez covers national trending news for the consumer life, finance and money team. For 5+ years now, Katherine has covered trending topics such as travel advisories, TSA-related news, recalls, the...