Should I Invest in Recreational Real Estate?
Have you ever thought about buying property that matched with your hobbies, such as camping, hunting, fishing, or hiking? Investing in recreational real estate may be just what you are dreaming about. There are many benefits that come with owning recreational real estate, but the biggest is likely the ability to enjoy the great outdoors while your investment grows in value.
A person who is ideally suited for investing in recreational properties is someone who appreciates family time, weekend getaways, nature, and hunting. While some investors will want to generate cash from renting out any productive farmland, timber harvesting, and leasing hunting rights, cash-flow does not seem to be the prime goal for most. Unlike other rural investments, recreational real estate is often a source of pride and pure joy. It is an investment that can help grow your wealth, but without the time and effort required with other forms of real estate.
What Is Recreational Real Estate?
For some people who are unfamiliar with the term, recreational real estate may be confused with other properties. Essentially, these lands are used for primarily for enjoyment or recreational purposes, as opposed to commercial timber or agriculture. In fact, a large volume of merchantable timber is often removed to make it more usable for recreational purposes. That said, less mature or non-merchantable timber will eventually grow into marketable timber. Moreover, previously cleared areas can be reforested.
The prime purpose of recreational real estate is hunting, fishing, camping, and the enjoyment of nature. In a fast-paced world, many people want to just get away and reconnect with natural world. It is an opportunity to enjoy time with friends and family through camping, horseback riding, ATVs, and hiking. So, while these tracks of land are generally considered undeveloped or not truly cash producing, they do have a true value.
Tips for Recreational Property Buyers
Don’t have your own recreational real estate, check out these upcoming real estate auctions.
At Kaufman Realty & Auctions, we enjoy providing Pro-Tips and insights for real estate owners in Ohio, West Virginia and Western Pennsylvania. Properly cared for hunting land can be an excellent investment as well as provide enjoyment that goes far beyond dollars and cents. If you have questions about what is best for you real estate please contact us.
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