The opportunities are wide open when there is land in the equation. It can be purchased to build a home on. Being able to have a home that no one else has ever lived in is a joy that is hard to match. Being able to select the layout, the colors, and all of the details for the home means it will be absolutely perfect!
Land can also be purchased for commercial use. There will be zoning issues and other details that have to be approved first. Never buy land for commercial use until you have gone through all of the appropriate approvals for the process. Otherwise, you may end up with land that can’t be used for the purpose you had originally purchased it for.
When you buy land, you do have to consider the amount of time it will take for a contractor to have your structure completed. There are many steps involved including inspections. Even with the best of plans, there can be delays due to the weather or other unforeseen issues. You have to make sure you are willing to keep such a commitment on your end and that you get the details of the process in writing from all contractors involved.