Reasons to Invest in Land in Arizona
Arizona is one of the most beautiful states in our country, with unbeatable weather, a striving economy, and some of the most breathtaking picturesque views imaginable, which is why more than seven million Arizonians call The Copper State home.
Arizona also has a striving tourism industry, home to the Navajo National Monument, the world’s best-preserved meteor crater, and the Grand Canyon, which stretches nearly 300 miles, and attracts more than five million visitors annually.Â
If you’re thinking of investing in land real estate, there is no place better than Arizona. Investing in land is probably the best decision an investor could make.
It’s an investment that will not only provide financial security but also is an investment that is more than likely guaranteed to increase over time.
When it comes to investing in land, the options are endless, not to mention, there is plenty of Arizona land for sale. Here are some ways to help your land investment generate a profit.
Ranching
When a person thinks of Arizona, one of the first things that come to mind is cattle, which continues to be one of their most profitable industries.
There are over 3,700 cattle ranches across the state, which raise about 870 thousand cattle annually, contributing more than 3 billion to the state economy.
Leasing your land for ranching is a great way to increase your lands profitability. Cattle ranching is not only one of the state’s most prosperous industries, but it’s also a vital part of Arizona’s heritage, which came to be nearly 300 years ago, and continues to dominate their economy.
Farming
There are more than 8,000 farms across the state, which a majority of them are family operated. Agriculture continues to be one of the states strongest industries and generates billions of dollars annually.
Arizona is one of the largest producers of lettuce in the country, which makes up nearly 20 percent of the state’s agricultural industry; the state is also ranked the 10th leading cotton producer, which continues to be one of their most important exports.
Timber
Another way to make money off of your investment is by leasing some of your land to a logging company.
Timber continues to be one of the most prosperous industries in the world, and will always be a sought after commodity.
Oftentimes, leasing your land to a logging company will require signing some sort of long term lease, which is usually between 5 to 100 years, but the great thing about land leases is the renter is solely responsible for maintaining the property and its surrounding area.
Leasing your Land to a Solar Farm
Solar power is considered to be our cleanest form of renewable energy, leasing your land to a solar farm or ranch can generate tens of thousands of dollars annually, and 10 acres is enough to power more than 600 homes.
One of the great things about leasing land for a solar farm is it’s easy to maintain and doesn’t disrupt the surrounding wildlife.
Solar panels are also extraordinarily quiet, producing little to no sound, and require virtually zero maintenance, because they have few moving parts.
Camping
If you’re a camping enthusiast, a common problem you may face is the lack of available camping spots. Finding a spot to park your RV or place to camp can at times be very difficult, because often times many popular campgrounds can easily become overwhelmingly crowded, or too expensive, and may require signing some sort of 12-month lease.
Leasing land to campers is a great way to make a buck because often time’s camp goers are constantly searching for an undiscovered campsite, which they can call their own.
It also gives regular campers a place to park their RV every time they visit, which will make the camping process, not only more convenient but also a lot more easily accessible.
Mineral Rights
Arizona’s most important export would have to copper, which is why it’s often referred to as The Copper State.
For hundreds of years, miners have traveled to the state in hopes of striking it big, where they mine everything from, coal, gravel, silver, and even gold, which explains why there are nearly a 100 thousand mines throughout the state.
Gold and silver mining played a vital role in the state’s history, which produced tons of gold and silver up until the 1920s, and is currently the fifth largest silver producer in the nation.
Whatever your reason, check out the great land opportunities you can find in Arizona. It might open doors you have never even thought of.
Category: Real Estate
