Please Wait a Moment

The Voices of Land blog

Get insight on current land trends and issues from experts across the land real estate industry.

13Jun

Five Simple Steps to Increase the Value of Your Land

This article was originally posted in the Lands of America blog

As the world population continues to grow, the demand for quality land will inevitability grow as well. According to the laws of supply and demand, quality land can expect to slowly increase in value over time. If you don’t want to wait around for years for that to happen, here are five steps you can take to help increase the value of your land.

1. Improve Access

Even if you have the perfect property in America, the chances of the land selling will plummet if the property does not include access or has poor access. Not having access will severely limit the amount and type of buyers. To gain deeded access to a property, you may have to reach an agreement with nearby neighbors, do some serious construction, or even go to court.

Even if you do have legal access, there might be roadblocks such as untrimmed woodland, a road filled with potholes, or a stream blocking smooth egress and ingress from the land. Do whatever you can to make sure accessing the property is as easy as possible. Making it easier to access the property makes it much more appealing to buyers.

2. Add Utility Lines

According to a recent LANDTHINK Pulse Survey, 74 percent of respondents said that electricity is the top logistical concern when searching for land in a rural community.

Adding utility lines can be costly, but they are in such high demand that not having them will significantly lower the value of your property. Running utilities may be simpler in urban areas, where you may be able to just connect to lines on the street and pay the hookup fee. In rural areas, this may take a little more money and work, but will be worth it when it comes time to sell.

3. Build Structures

In most cases, adding structures such as homes, storage sheds, barns, and other structures can help increase the value of your land. This advice doesn’t apply for every land type or every structure. For example, it likely wouldn’t add value to your land if you added a hunting cabin in the middle of your vineyard. The structure needs to be beneficial to the current or future land use.

4. Add or Improve Gates

The entrance to the property is one of the first things a client will see, so you want them to create a good first impression. Gates can also protect your property from trespassers.

“New gates should be properly sized to accommodate any future needs. Consider whether there will be future timber harvests, and the width needed to get equipment through the access point,” says Chris Miller in his article on perfecting your gates. “It is preferable to have the gate installed slightly off the main road so you can easily pull in to open it without having to stop on the road shoulder. The gate also should be installed so that it will not sag and drag on the ground, or not align with their latches properly.”

5. Get a Survey

Many people are reluctant to fork over the cash for a survey. This is understandable—it’s not cheap to increase the value of your land. However, the information you can get from a land survey is incredibly valuable. This information includes:

  • The boundaries of the property
  • any restrictions attached to the property
  • the topography and soil types of the property
  • the location of any easements

“In my territory, the land is not flat and often times you can’t see from one corner to another,” says Bob Stalberger, ALC. “Spending the money to hire a professional surveyor to mark your property boundary corners as well as points between the corners will make a buyer more comfortable when purchasing your property. It also allows you to easily establish or maintain your property line. This can also be helpful when doing any logging, adding a trial system, food plots, water locations or even hanging stands and posting your property.”

These are just a few examples of ways you can increase the value of your land. We hope this article has inspired you to think of what other ways you can add value to your property.

Working with an Accredited Land Consultant is one surefire way to sell your land for the highest possible value. Check out the REALTORS© Land Institute Find A Land Consultant tool to find a land expert near you.

 

About the Author: Laura Barker is a freelance writer based out of California for the REALTORS® Land Institute. She has been with RLI since October 2017.

About the Author

Related

Are You Able To Change With The Times?

Are You Able To Change With The Times?

With new technology coming out every week and an ever-changing market, you need to be able to adapt ...

Read More >
Uncovering Motivations to Buy or Sell Land Real Estate

Uncovering Motivations to Buy or Sell Land Real Estate

Finding the “Why”, the “What”, the “When”, the “Who” is an essential part of making a real e...

Read More >
Why Late Summer is the Best Time to Buy Land

Why Late Summer is the Best Time to Buy Land

Farmers used to say, “If you are going to buy a farm, do it at the end of summer.” That simple cou...

Read More >
Top Five Reasons You Need An ALC When Selling Land

Top Five Reasons You Need An ALC When Selling Land

Accredited Land Consultant (ALC) Designees can help ensure you get the best deal when you sell land....

Read More >
New Fire Factor Tool Identifies Wildfire Risk

New Fire Factor Tool Identifies Wildfire Risk

Consumers now have access to hard-to-find information about wildfire risk and can explore interactiv...

Read More >
Six Ways To Attract More Animals to Your Hunting Property

Six Ways To Attract More Animals to Your Hunting Property

Want to attract animals to your hunting property? These six simple steps can attract (and keep!) ani...

Read More >
You need to login in order to comment