Diversify. Diversify. Diversify. Should you invest in a cemetery plot as real estate?

Stocks, bonds, mutual funds, cash savings, precious metals, crypto currencies and real estate—without a doubt there are a plethora of places to invest these days. But have you ever heard of a relatively new term “death investments”? Whether you have or you haven’t, I urge you to read on and find out more about the grave matter of buying a cemetery plot as both an emotional and real estate investment.  

Let me start by saying there are many decisions that should go into making up your mind about purchasing a cemetery plot. For instance, is the cemetery well-kept? Will it be convenient for loved ones to visit? Will it go up in value if you decide to sell it in the future instead of using it? And, last but not least, are you feeling lucky? 

All of us at one time or another are going to be making the big final send-off to the great hereafter. Death is just a fact of life. And it pays to be prepared. 

Obviously, I don’t have all the answers to the above questions, but I can tell you one thing, your heirs will thank you for giving them one less expense to worry about. Also, by purchasing your plot in advance, you will probably end up saving money in the future. As with most things, the cost of a cemetery plot usually goes up in price through the years. There is market research to support cemetery plot prices can grow at a rate of 8% per annum. However, I’m not an investment expert. So you can just go google all the numbers research for yourself. 

In fact, if you do you’ll discover most financial gurus think cemetery real estate is a really good investment. Demand is steady. Supply is always decreasing. And think about it. Once people move into a cemetery they usually don’t leave.  

Just remember, when buying any real estate, do your homework and make certain you know what you’re buying. 

Check out the cemetery managing office. Take a walk around and check the location of your plot. No, the view won’t matter to you. But it might to your friends and families who come to visit. Trees, fountains and well-manicured lawns might make them feel peaceful. And, if they feel peaceful, they might visit longer or even have a little picnic while reminiscing about what a savvy investor you were. “ So smart with their money,” they’ll say. “Always thinking of every detail—even a small one like buying a cemetery plot in advance.”    

My name is Gina Popp and I’m a Realtor in the state of Texas. If you’re still living and you would like to know more about selling, buying or leasing real estate of all types, contact me at ginapopp@att.com.