To paraphrase Will Rogers, put your money in land, because they’re not making any more of it. But did Will give sound advice? If you’re considering the purchase of a piece of property as the site for a vacation getaway, retirement cottage or simply as the next chapter in your personal history as a homeowner, there are a few things you should consider before making an offer on a yet undeveloped piece of America.*

At first blush, the notion of buying a raw land for the construction of your home – either now or in the future – sounds like a reasonable idea. Reserving the location of your choice, hedging against future increases in the price of land, and the appeal of starting with a clean slate and truly getting a home of one’s own are just three reasons why many people choose this option.