In today’s world, the growing demand for land makes this property a valuable asset when it comes to real estate investment. If you are a real estate investor, you must know raw land value is directly proportional to its demand. This means to allow its value to increase in the long run, you must not let its demand fall among investors.
Furthermore, land investment is a sensible and profitable method to diversify and enhance your portfolio. However, due to rising development costs, selling raw land is becoming a tougher game. This also intensifies the competition in the land investment market.
As, prospective buyers, place a high value on specific aspects of a property like appearance, utility, and so forth, the more valuable it becomes. Consequently, the more a piece of land adheres to particular criteria the easier it will be to sell and for the right price.
This might make you wonder how to increase land value to attract investors in today’s scenario of frequently shifting markets.
Try these 12 incredibly simple methods to watch your land’s value increase over time.
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Improving and maintaining the aesthetic appeal of your property is the first thing you must note to stop the increasing land value from falling.
Rural properties, unlike suburban homes, aren’t designed to be neatly maintained or carefully landscaped. However, your land for sale must provide that eye-catching appeal to ensure it is neatly maintained.
The appearance of real estate and its desirability are inevitably linked when it comes to land investment. By ensuring that the site is free of debris and clutter, you can attract a huge number of buyers who would otherwise ignore it. On this note, if you handle a lot of maintenance work yourself, you can keep your costs down.
Accessibility to land is an important point that investors consider from their land investment guide while researching before purchasing.
On this note, many individuals are unlikely to buy land in remote locations owing to poor accessibility. This acts as a major hurdle in increasing land value.
In reality, even the most gorgeous property can be unappealing to potential buyers if there are access concerns. If your land doesn’t have easy access, there are a few things you may do to improve it to consider how to increase land value.
Although not all access issues can always be resolved, some, such as a lack of road access, can be addressed. You might be able to work out a deal with one of your next-door neighbors for an easement that could allow you permanent access to the main road via their driveway. This can act as a shortcut for investors to arrive and can open the scope for growing demands.
Many purchasers look for a property that has a round-the-clock running water and electricity facility. If your property does not offer this facility, there is high chance that investors will shift their interest to land for sale that provides such utilities. You can raise the value of your land by 10% to 20% by installing utilities such as this.
Establishing the necessary utilities may be difficult for raw land investment. You’ll almost always need specific permissions such as a per test, a septic tank, and the cost of having power lines run. Although this can be a difficult and expensive task, if the location is right, it will be a great investment. Thus, having running utilities is an important measure when considering how to increase land value over time.
A vacant property’s aesthetic appeal can be dramatically improved by planting trees. Raw terrain can be made beautiful with ornamental bushes and decorative plants. This also provides a diverse scope for interested investors for raw land investments.
Depending on your land, the addition of natural or decorative trees and hedges can provide not just beauty but a sense of privacy as well. On the other hand, clearing out excessive shrubs can be just as effective if it enhances the land’s usefulness or reveals a stunning view that would otherwise go unseen.
If your lot is a flatland, proper drainage is critical. This can act as an obstacle in how to increase land value. It is essential for preventing erosion, removing barriers to plant or crop growth, and reducing mosquito breeding grounds.
Poor drainage, like everything else, has an impact on the aesthetic of your property. Installing underground drainage lines, planting a bog, creating a water garden, or planting water-loving trees are all options for dealing with this problem.
This is another point you can add to your list to consider how to increase land value and earn better ROI.
Depending on your budget, adding certain amenities to your property can improve its beauty and increase land value. For instance, you can install a pond that appeals to attract investors who want to start a farm, create a natural reserve, park, or fishing ground, or simply like the view.
Similarly, land buyers searching for a weekend house, or even those looking to build a more permanent place, needing a temporary place to reside during the construction process, prefer the construction of a rustic cabin or another shelter.
Adding pathways, constructing a campsite, planting garden beds or food plots are some other examples. Besides these, you can also opt to construct hunting stands, add footbridges over creeks and streams, or construct a barn, shed, or other outbuildings for storage are all options you can explore.
This is another wise step you can opt for to ensure increasing land value and better land investment returns. It is no secret that first impression always sets a bar.
As you are pondering how to increase the value of your land, one addition is very simple, add a gateway. Because the entrance to a property is one of the first things a buyer sees, you want it to make a positive first impression. Furthermore, a gate also ensures security and keeps trespassers and any instance of illicit activities at bay. So, trespassers can be kept out of your property with the use of gates.
Furthermore, you should build the gate slightly off the main road so that you can pull in and open the gate without having to stop on the road shoulder.
Fencing is another addition that helps land value increase over time. It needs to be set up following the land’s intended purpose. Fencing can achieve multiple goals at once and thus is an essential addition to consider how to increase land value over time.
It is also crucial to note that different types of fences are available to align with your investment goal with the raw land. Besides protecting, you can also use fences to delineate the land’s boundary to contain cattle and keep unwanted animals out.
You can use cross fences to keep cattle off of farmland. A yard fence can help safeguard precious landscaping while adding interest and beauty to the space. Decorative trees, flowers, and vegetable gardens can all be protected via a high deer fence.
Whatever fencing type you utilize must be well-maintained, and the cost and time element should be considered when you make this decision.
Soil quality is also an important factor that increases land value. However, it becomes self-evident when buyers tend to prefer your land for favorable soil quality. The health of a land’s lawns, groves, or meadows frequently reflects the condition of its soil.
For folks who want to purchase the raw land for horses or other livestock, this may be a top priority. So healthy soil can be the most important attribute that can make your property highly valuable. Therefore, consider taking measures to improve soil quality and keep it free from toxins while planning on how to increase land value.
This is another important point you must consider while working on how to increase land value.
You can increase your raw land demand by erecting structures on it. Houses, storage barns, and other structures attract buyers. This will attract niche investors, as they can utilize your land for residential or commercial purposes as per their needs and provided infrastructure.
Furthermore, you just need to make sure that whatever structure you add, must boost buyer attractiveness. To make such additions to raw land, you can connect with an expert real estate agent to guide you with insights regarding structural developments that tend to increase land value.
Security, regardless of where the land is located, is of the utmost importance for prospective buyers. Investors will always look for how much security the property in question provides. Thus, to consider increasing the land value of your property take measures to ensure the property is secure from any kind of criminal or disastrous activities.
You can put up no-trespassing signs and fences to begin with. However, advanced security measures such as strong locks and doors, as well as an alarm system, may be required at times in certain States to buy land.
Furthermore, you can also add Wi-Fi-enabled cameras or an alarm system to alert the police in the event of a break-in. Additionally, modern security cameras are simple to connect to your Smartphone. This allows you to keep an eye on your property even while you’re not physically there.
Like electricity, the availability of fresh and clean water also determines the increasing land value of the property in question.
Regardless of the investment motive and goals, every land investor looking for raw land investment looks for land with a running water facility. Easy access to water makes growing and maintaining a lawn, garden, or crops much easier and also for residential purposes. If you need to redirect waterways, you will need to communicate with the local government first and get the respective permits before selling your land.
Now you have a better idea of factors that are essential to answer your question on how to increase land value.
Whether you’re planning on selling or just looking to protect your investment, keep the above points in mind upgrade the property based on your goals and budget.
For the best land listings and assistance on land investments, you can explore our website or talk to our experts.
