Cemetery Plots As A Practical Real Estate Investment
Many years ago, in one of his many flashes of investment brilliance, my father decided to purchase four cemetery plots; one for each of the members of my immediate family. Many years later I decided to check on the value of the two remaining plots and I was very surprised at how much they had increased value.
After my father and then mother died my sister and I used the plots my father had purchased for their burial. Within the last few years, since I no longer live in the New York City area, I decided to get rid of the two remaining plots. I would prefer to be buried with my wife when we die and will be buried somewhere other than my childhood area. But how would I dispose of these two remaining plots, and what was their value? I then began a very enlightening research project. This led me to conclude that his purchase accidentally turned out to be a very profitable alternative investment strategy.
After discussing the situation with my sister I decided that it would be best to just gift her the two plots so that she and my brother-in-law could be buried there. While checking on the transfer process I decided, out of curiosity, to do some investigating. WOW! What an investment these had turned out to be. The value had increased substantially since their original purchase. Just like a lot purchased to build a home on, these plots had value. Amazingly my father had done his homework and approached this purchase as if he was buying property on which he would eventually erect a permanent structure. He apparently consulted the right real estate books and experts and just applied that same knowledge to buying cemetery plots.
Im not trying to suggest that an investment in well located cemetery plots is the next great global investment opportunity. I can tell you that like many other real estate investments there are many factors that must be considered: these can increase in value or decrease in value, in some areas they are in short supply, they are available in many price levels for each market, there is a continuous clientele for this property, location and type of restrictions and quality of structures and services is important, and there is a vibrant resale market. In fact, while doing my research I discovered that there are many online brokers who assist in the resale of cemetery plots. Some of the brokers allowed a simple listing service and others seemed to more actively market the plots themselves.
Even with the growth of cremation, the development of memorial parks and gardens will change the cemetery concept and allow for increased value potential over time. In fact with certain religious groups prohibiting cremation, a well investigated purchase can potentially positive results. If you do your homework, and you can buy right, whether these are for personal use or for resale (where it is legal to do so) you just might find that over time your decision to purchase cemetery plots was a very wise investment.
Hal Stevens is President of CemeterySpot, Inc. http://www.cemeteryspot.com an online memorial website and author of The CemeterySpot blog http://www.cemeteryspot.com/blog. To schedule an interview, or discuss this article, please call Hal Stevens at 405-210-4363 or email Hal at hal@cemeteryspot.com .
Related Articles:
Florida Rehab Center Offers New Specialized 'Freedom Rings' Program for their LGBT Clients
Lakeview Health Systems offers "Freedom Rings," a new specialized addiction treatment program aimed at providing a safe, nurturing, and gay-friendly environment.
Tips For Miami Real Estate Agents Priming Home Sellers For Showings
Perhaps youve already spoken to your sellers regarding the physical labor involved in getting a house ready to show. Then again, have you brought up other occurrences that may come to pass while their Miami real estate property is on the market? Furnishing home sellers with a fundamental education about buyers and what they want will considerably help prime them for the realities of home showings.
Hogans Real Golf Secret
Ben Hogan's secret was his extraordinary ability to focus. This was not a gift from heaven.
Bid4Assets Announces its New Real Estate-Only Auction Web Site and Real Estate Disposition Program
Bid4Assets introduces Bid4Homes, an online real estate auction site that brings the expertise of listing agents together with its online auction experience to accelerate the sale of REO property.
Going Neutral on Miami Real Estate Investing
It is always known that investing in Miami real estate is always a big step. Note that it is always one of the things that people considers and the knowledge on this fact comes to the realization in which Miami is always a real estate hotspot. I know that you hear it so much that it's ingrained in your brain when selling, real estate go neutral but why? Well there are different takes on it in which it all depends on what you have on. Sometimes there are a lot of things that people always keep in mind to. Miami always offers a lot to investors as we are all aware of the potential of its market is off the charts. Many have put their time and effort to it and since it is big on other levels in which people often look for. More to a fact the re...
South Florida Community Will Gather to Dedicate New Torah in Honor of Terror Victim Daniel Wultz in a Grand Weston Parade
Daniel Cantor Wultz, a 16-year-old Weston, Florida teenager, died on Mother's Day 2006 after being critically wounded in a suicide attack on a Tel Aviv restaurant. In his memory, family, friends, neighbors and congregants of the Weston Chabad synagogue where he worshipped will gather Sunday to celebrate the arrival of a Torah created in his honor. The Torah was handwritten in Israel over the past year and is being flown to the United States by members of Daniel's family. The dedication will include a parade from Indian Trace Elementary School in Weston to the community's Chabad Synagogue, where the final 50 letters of the holy scripture will be written by Daniel's family, friends and honored members of the local communit...
Ultimate Real Estate Open House Planned in Destin Florida Area This Spring
ResortQuest Real Estate offers locals and visitors the rare opportunity to take a peek inside fabulous private beach homes, condos and resorts on Northwest Florida's beautiful Gulf Coast.
Florida Keys Lodging: Choose Among The Finest Beaches And Hotels
Surrounded by two bodies of water, the Atlantic Ocean on one side and the Gulf of Mexico on the other, the amazing 1700 islands that make up the Florida Keys stretch across over 127 miles of the most breathtaking scenery. The overseas highways connecting the islands that one must navigate make even the passage into the islands an adventure in and of itself.
WJBW-AM (1000) in West Palm Beach, Florida, Will Began Airing "Corporate Strategies with Tim Connolly" at 9:00 p.m. EST, Sundays, on the Bus
WJBW-AM (1000) in West Palm Beach, Florida, will began airing "Corporate Strategies with Tim Connolly" at 9:00 p.m. EST, Sundays, on the Business Talk Radio Network ™. The show will continue to feature the Titans of Business who move financial markets.
Advice On Golf Training Aid Products
There are many different types of golf swing faults and a golf training aid can go a long way in helping any golfer deal with their specific problem area.The golf swing is the essence of the golf game and therefore it would not be a bad idea to get even two golf training aids that are specific to your swing fault.