Improve your land value: 6 Achievable ways

September 23, 2022by REDOC

To, improve your land value is an important way to generate the highest return on investment on your property. In a world fast growing at a rapid rate and coupled with the fact that land is a limited commodity, all of these will cause a demand for good land.

Every homeowner finds a way to improve their home property and do the necessary things to increase the beauty and the value of their property. The same attitude should also be channeled to land to improve the value of the land and attract more prospective buyers. Improving the value of your land will enable you to make more financial profit when you decide to sell and create an appealing opportunity for potential buyers.

Read also: land: Nature’s gift to humanity

In this article, I will highlight 6 ways you can improve your land value

Offer access to improve land value

The most expensive types of land are often the ones allocated on the roadside.

Why do you think this land is always expensive differently?

It is basically because of the easy access to them.

If you want to improve the value of your land, creating good access to the locations of the land will make the potential buyer to eager to buy at your price.

Even if you have the perfect property, 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.

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.

Improve your property’s curb appeal to improve land value

Curb appeal is an important aspect that doesn’t simply apply to homes. Improving land’s appearance is a great way to improve its value. Improving curb appeal is an endeavor that can be done with or without the help of a landscaping company.

Take a walk around the property and make a list of things that need to be done or removed to improve the landscape of the property. This includes simple actions including:

  • Removing junk and garbage on premises
  • Clearing overgrown foliage and weeds
  • Pruning trees
  • Clearing brush
  • Disposing of toxic chemicals or environmental hazards
  • Sealing unused/unsafe wells or water sources

Prospective buyers appreciate the opportunity to purchase land requiring minimal effort to improve upon. Unattractive land with no emphasis on landscape translates to land sitting on the market too long.

alt- a drainage system
A drainage system

Address drainage issues

Drainage issues are a threat to anyone hoping to buy raw land. Land with ineffective drainage or land where standing water remains following heavy rains are some of the least appealing properties to prospective buyers.

A great drainage system will improve the value of the land and the community the land is located. You can address this in several ways, from installing underground drainage lines to grading planting bog.

Build structures

In most cases, adding structures such as homes, fences or barns and other structures can help increase the value of your land. This advice doesn’t apply to every land type or every structure.

Run or add Utility lines

Referencing a recent LANDTHINK Pulse survey, 74 percent of respondents said that electricity is the top logistical concern when searching for land in both rural and urban communities.

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 to time to sell. Running utility lines will improve your land value

Get a survey

I know getting a survey can be expensive. 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 precious. This information includes:

  • The boundaries of the property
  • The topology and soil types of the property
  • The location of any easements

Spending the money to hire a professional surveyor to mark your property boundary corners and points between the corners will make a buyer more comfortable when purchasing your property. It will also allow you to establish or maintain your property line. This can also be helpful when doing any logging, adding a trial system, food plots, and water locations or even hanging stands and posting your property”. Getting a survey to know the state of your land will improve your land value

Conclusions

There are a few ways you can improve the value of your land. I hope this article inspired you to think of other ways you can add value to your land.

But the first step to increasing property value, however, begins with becoming a landowner!

Check out our land listing by clicking this link https://redocint.com/estates/

 

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