There are pros and cons to every investment opportunity. Some people prefer to stick with the classics, such as mutual funds, savings bonds, and stocks, but there is a grave investment that is taking the financial market by storm. If you have been searching for a venture that's a little out of the ordinary, look no further than the cemetery business. Buying and selling burial plots can become quite a lucrative source of income for those who don't shy away from the uncomfortable subject of death. There are a growing number of cemeteries and local authorities that are running out of burial space. As a result, the demand is growing. In this article, we explore the idea of gravesites as investments to give you an insider look at this eerie opportunity with plenty of profit potential.
Buying Cemetery Plots
A gravesite might not be the first thing that comes to mind when you think of a guaranteed return on an investment, but this unique market is proving its potential. One great advantage to buying a plot now is that you will either earn or save money in the future. Even if you decide not to sell the plot right away, you will be prepared if the unexpected happens. Burial plots are one of the most affordable real estate investments you can make, and maintenance is minimal. However, you would need to maintain the plot to keep it clean and attractive to potential customers. There are many factors that can affect the price of a plot. Location is the primary factor, but landscape and other natural features may also influence the cost of a gravesite. As cremation continues to surpass burial as the most popular form of final disposition, mausoleum crypts and wall spaces might also be worth looking into as an investment.
Selling Cemetery Plots
Like real estate, the burial plot business can be both fickle and misleading. Just because a burial plot goes up for sale does not necessarily mean that the owner is struggling financially. Burial plots might go up for sale if the owner decides to move and wants to find a cemetery closer to home. Someone might have bought a plot with the intention of being buried but changed his or her mind to cremation instead. One disadvantage to buying a funeral property plot without any intention of using it as your own is that you will have to wait for the property to appreciate in value. Before making a purchase, we recommend that you discuss your plans with family members to make sure that no one is left out of the final decision. If your burial plans have changed as a result of a change in your marital circumstances or financial abilities, you might also consider willing the burial plot to someone in need or someone you love.
Who could have predicted that eternal rest would generate such an intriguing margin for profit amongst both budding and experienced investors? We hope that this article has given you insight into the lucrative nature of the burial plot business.