Released on: April 22, 2008, 12:51 pm

Press Release Author: rim rock ranch

Industry: Real Estate

Press Release Summary: Before investing in land consider these 6 investment myths
debunked by Rim Rock Ranch.

Press Release Body: Lake County, CA - Please consider the following 6 land
investment myths before purchasing any property as an investment.

"Everyone has heard these popular land investment myths at least a few times," notes
Chris Taylor of Rim Rock Ranch. "However, just because people repeat an idea does
not make it true. Below are the 6 most common investment myths to ignore while
looking at land to purchase."

1. Myth: Land is land. Why should I pay a higher price for some land?

All land is not necessarily the same. In addition to residential land there are also
five different grades of agricultural land. The location and quality of the land are
extremely important factors when it comes to determining of the price of a land
investment.

2. Myth: Investing in land requires a lot of money

The value of land with planning permission can be up to 10 times that of land
without. Obviously, purchasing prime land with planning permission is more
expensive. But it can actually be good for investors if you can purchase land before
it gains planning permissions. Then you can buy land when it is cheap before and
wait for it to increase in value.

3. Myth: Land values rise slowly

The rate that land value increases largely depends on the specific demand, however
in some areas the value can rise as much twenty-five percent per year. As with any
large investment you cannot expect sudden increases and have to remember that it is
a long-term investment. However, keep in mind that purchasing land far away from
residential areas will almost certainly rise more slowly than prime plots of land
for sale next to existing housing.

4. Myth: Investing in land requires specialist knowledge and skills

Like any investment there are always going to be risks. Any sensible investor will
obviously try to minimize the risk they are exposed to. But having said that, there
is no special technical knowledge required. You don\'t need to know how to take soil
samples, subdivide plots of land for sale, grade roads or be an expert in the
building trade. If you need this kind of expertise, you can hire a specialist. You
can find out about the investment land available in your area quickly and simply by
using a real estate agent.

5. Myth: Investing is only for the extremely wealthy

While land has been part of the millionaires portfolio for thousands of years, it is
no longer available to just the wealthy. With more sophisticated investments being
structured, such as dedicated real estate/land funds, and the emergence of land
banks, it's possible to invest in land from as little as a few thousand dollars per
purchase.

6. Myth: The type of land you purchase has no effect on its potential growth in value

Nothing could be further from the truth. The type of land you purchase will have a
very big effect on its ultimate growth in value & potential for resale. For example,
not all land is going to be suitable to residential development. If you purchase
land that is of a non-residential nature there may be little scope for you to resell
it to a developer. Additionally, land that is currently without planning permission
can be quite valuable if it's about to get approved for development.


Web Site: http://www.rimrocknow.com/

Contact Details: Rim Rock Ranch is located just minutes from Napa on the quiet side
of the wine country. Available parcels range from 12 to 29 acres and feature
pristine soil, a perfect grape-growing climate, a pest-free environment and
California's cleanest air. For more information visit RimRockNow.com.