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Of the 2 avenues above, appreciation is the commonest. It is achieved by completely different means, but the enhance in a property’s worth isn’t actually realized until the proprietor sells it outright, or refinances his mortgage on it. Raw and undeveloped land, like the territory right outside a city’s borders, offers the largest potential for development, enhancement and revenue. Appreciation may also come from discovering invaluable materials on a plot of land, like hanging oil. Or, simply by an increase in the space around the land you personal.
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