The 5 Best Things About Owning Recreational Land in North Florida

If you’re thinking of buying a parcel of recreational land in North Florida, you’ll be happy to know there are plenty of benefits to doing so. Here are the five best things about owning recreational land in the Sunshine State.

Check out the five biggest “pros” of owning recreational land in Lake City or beyond:

You may get tax benefits.
Recreational land is a hands-off investment that you can actually use.
Compared to other investments, recreational land is cheap.
It may have timber on it.
You can use it whenever you want.

Here’s a closer look at each.

Benefit #1 of Owning Recreational Land in FL: You May Get Tax Benefits

One potential benefit of owning recreational land is that you may be eligible for certain tax breaks. You may be able to deduct the interest on the money you borrow to buy it, and you may be able to deduct investment expenses. Also, if you own timberland, you may be able to take advantage of the federal government’s Timber Tax Law, which provides a number of tax benefits for owners of timberland. You should talk to a tax professional about what you may be eligible for.

Benefit #2 of Owning Recreational Land in FL: It’s a Hands-Off Investment That You Can Actually Use

Recreational land is a great investment because it’s a hands-off investment that you can actually use. You don’t have to do anything to it to keep it valuable – unlike, say, rental property, which requires constant upkeep and attention. And, of course, you can use it whenever you want. Whether you want to camp, fish, hunt, or just enjoy a nature hike, your land will be there waiting for you.

Benefit #3 of Owning Recreational Land in FL: It’s Cheap

Compared to other investments, recreational land is relatively cheap. You can find parcels of land for sale in North Florida for less than $100 per acre. That’s a lot cheaper than most other types of investments, such as stocks, bonds, and mutual funds.

Benefit #4 of Owning Recreational Land in FL: It May Have Timber on It

If you buy recreational land in North Florida, there’s a good chance it will have timber on it. And that’s a good thing, because timber is a valuable resource. If you own timberland, you can either sell the timber or use it yourself for building projects, firewood and more. (Many people choose to sell it!)

Benefit #5 of Owning Recreational Land in FL: You Can Use It Whenever You Want

One of the best things about owning recreational land is that you can use it whenever you want. If you own a cabin in the woods, for example, you can go there any time you want to get away from it all. And, if you ever decide to sell it, statistics and historical trends say that you’ll most likely be able to get your money back – plus more.

Are You Buying a Home or Land for Sale in Lake City?

If you’re moving to Lake City, we can help you find the perfect place to live. Call us at 386-243-0124 to tell us what you want from your home and we will begin searching right away.

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