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Invest now, build later

Purchasing a house is usually one of the biggest projects in one’s lifetime. Acquiring a plot of land is therefore a major step, even when you’re planning to build a secondary residence. For all kinds of reasons, whether financial or logistical, some investors want to buy land so they can build a property later, or even never! Is this a possibility? And if it is, is it a good idea? Let’s explore this topic!

No, you don’t have to build immediately!

Legally, it is possible to buy a plot of land without building a property on it immediately. Whether or not it’s a building plot, it can be purchased simply for investment purposes. For example, you may choose to buy land now to build a property when you retire. The price will then be much lower than if you wait 10, 20 or 30 years. You can also buy land to resell it as is, at a higher price.

In short, if you have the funds to buy land, but don’t want to build now, it’s entirely possible—and often profitable!

3 benefits of buying a plot of land without building

As an investor, there are three major advantages to buying land, even if you don’t intend to build a property in the next few years.

1- The freedom to choose the right moment to build

Buying land in a development project like Kanata Tremblant gives you the flexibility to decide when you’re ready to build. If you wish, you can also wait for the price of your plot to rise before reselling it as is.

2- The possibility to plan ahead

If your goal is to start investing now so you can enjoy a vacation property when you retire, buying land without the pressure of having to build a property on it right away is a good option—you’ll have plenty of time to plan your project on your own terms.

3- Lower investment in the short-term

Having the freedom to wait before building a property allows you to significantly reduce the financial burden of investing in real estate. So, if you don’t have the funds to build a house now, buying land is a good compromise and a step towards realizing your project.

Some things to consider before buying land

Before purchasing a plot of land, make sure that it comes with all the necessary authorizations and find out whether you can build on it. Construction is not allowed on certain plots for sale, which means you could run into some problems when reselling your lot or building a property.

Conversely, many lots come with an obligation to build, which is always explicitly stated at the time of sale. Under this obligation, investors are required to build their property within one to five years.

At Kanata Tremblant, you’ll have access to a range of building lots for sale—with no obligation to build. So you can take your time and resell your land for a profit, or build your property when you’re ready to do so.

How to fund the purchase of a plot of land

The financing process for a plot of land is similar to that of a property. However, if you want to buy without building, your financial institution will provide a “land loan,” which requires a minimum down payment of 20%.

Interested in purchasing a plot of land?

Kanata Tremblant offers a wide choice of building lots with no obligations, in a sought-after and profitable area.