By Jess Ferrer
Planning for our and our loved ones’ final resting place is still considered a morbid topic, something that many try to avoid as much as possible, as long as they can. Death is not pleasant, but so is getting caught unprepared when the inevitable comes.
Much like savings and investments, experts posit that the best time to get a memorial lot was yesterday.
According to Forest Lake, one of the most prominent memorial parks in the country, investing in memorial lots as early as possible is “highly recommended” as “market value increases every year.”
Buyers can get a lot at a much lower price today than tomorrow. And, in case of emergencies, those who bought a lot may consider selling their investment at a higher price.
According to memorial lot brokers, the high return on investment from memorial lots is one of the main reasons it is becoming a popular investment property, depending on how many years it will take before reselling.
Further, “the minimal to almost no maintenance cost is also another reason why more and more investors are considering this type of investment,” Forest Lake said in its website.
Memorial lot is a real estate investment protected against depreciation; its value doesn’t become zero and makes for a good collateral since it is a tangible asset.
But of course, aside from being a sound investment, planning today means one less thing to worry about in the future.
The stress of preparing for a loved one’s funeral and final resting place, and the sudden financial strain can easily exacerbate agony and anxiety. Although death cannot be predicted, being prepared gives a person more time to complete other requirements and focus on grieving sooner.
