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Home Q&A Forum what is better to buy land or rent for construction in US?

Real Estate

Real Estate Contract

Illinois

Asked on Mar 27, 2022

what is better to buy land or rent for construction in US?

we are a construction company from Ukraine, we are planning to build a cottage town in the USA

1 Attorney answer

Answer

Real Estate

Illinois

Answered 1015 days ago

T. Phillip B.

ContractsCounsel verified

Business Lawyer
Licensed in Illinois
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Member Since:
August 10, 2021

I suppose it doesn't matter if you have the lease giving you permission and the lease is long enough to justify the building expense when you won't own it. But I'd buy the land so you could eventually sell the property with the building on it.

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