Jameson Tyler Drew, president of Anubis Properties, emphasizes the importance of land ownership as a valuable investment. Having worked in real estate since high school, he has engaged in many transactions and owns rural properties. Drew warns potential buyers of undeveloped land, noting the ease of acquiring cheap land online, often through auction or foreclosure. Despite the attraction of lower prices compared to the rising median home values, he advises caution as ownership comes with responsibilities governed by local laws.
Owning land means it's yours. While you are still governed under local laws, you can do almost whatever you want with it.
Buying acres of undeveloped land can be an attractive option, especially as prices may be significantly lower than median home values.
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