Why buying vacant land in an estate is a good investment

Investing in a coastal estate is beneficial for everyone from first-time buyers to families and retirees, but the big debate is often between buying a home or buying land and building oneself.

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While buying a completed home is a better investment choice for some, there are some significant benefits to buying vacant land.

"For long-term investors who are looking to create a home unique to their specific needs and interests, buying vacant land is first prize," says Sam Wenger, development director of Serenity Hills, an eco-focused lifestyle estate on the KZN South Coast.

"While newly built homes have their advantages, they are never going to fulfil absolutely every need or preference for the individual, so we're seeing a lot of more discerning investors opting to buy vacant land and build themselves."

Wenger says there were three key motivations for buying land over a developed property in a coastal estate.

1. Lower purchase price