One should really have a decent portfolio to have a better future.
Your portfolio should have at least one house property, land, precious stones and metals, bonds, etc.
But having a property of land will surely prove best for one's wealth building plan and retirement plan.
So, here are some great land banking strategies one can use for their retirement plans and for building their wealth but, before that we will have a small understanding of what actually it means.
Land banking is a method of buying huge parcels of pre-developed land and then waiting for it to raise its value in future.
Land bank process needs lots of patience as the value of land increases gradually.
So, what makes it the excellent investment strategy? Setting-up Stage: It includes submitting ideas plans to the authorities to get the correct planning authorization.
By way of proper planning one can fetch huge amount of future gains.
Growth Stage: Once you are done with the setting-up stage, you can now start buying of more pieces of pre-developed land provided the amount of money you have in your pocket.
The more you gather the more you gain.
So, buy more hold it and see amazing gains is the whole idea of this stage.
Giving-out Stage: When you are closing on your retirement, you should develop a smart selling-out strategy so that you will be able to fetch all your future goals and other plans.
The main aim is to sell-out your property to the best end-user like commercial or residential developer, broker or someone from whom your will get the best price for your years of hold.
If this stage works out well then you will get tremendous appreciation for your land.