Build Your Own Backyard Swimming Hole

Article Tools

Image Gallery

Print

E-mail

Comments

RSS

Remote land will never appreciate as quickly as land that is closer in, but nonetheless, in a normal growth market, its value will steadily rise.

Real estate in most neighborhoods, including rural land, goes through about a five-year turnover cycle. More properties will thus be on the market every five years or so than in mid-cycle. When placing land on the market, it might be wise to consider what stage the cycle is in. This may affect pricing and marketing strategy. Your realty agent Will be the best source of information about current trends in the area .

One other major factor when considering appreciation of land value is that selling costs are expensive. Excise taxes, title insurance, commission, recording, and other costs are often all charged to the seller. In an average area, it can take as much as five years to realize a tidy profit after all of the selling expenses are paid.

2 Install or Provide for Utilities. Raw land will usually be worth much more if the buyer is assured a home can be built there. In the long run, providing for utilities is often worth a great deal more than the cost If sewer lines are not available, have the ground perk tested to verify that a septic system can be installed on the property. Soil varies a great deal and a perk test will indicate which type of septic system is acceptable. Once that is determined, you or a buyer will be able to ascertain the cost of the system.

If water lines are available, have them stubbed to the property. If not available, you might consider drilling a well. You can also develop five water, provided the source and development makes it potable.

3 Provide or Improve Access. Though most people don't realize it when buying land, poor access can be the single greatest detriment to enjoyment of property. Not only will good access provide you with the freedom to enjoy your Is land, but good access can be pointed out to the buyer when the property is placed on the market.

Another facet of access is easements. Make sure your land is properly served by an ingress/egress easement and the necessary utility easements. Inadequate or lacking easement provisions is a problem in all parts of the country. Although some are necessary, make sure the land is not overly burdened with easements that serve other parcels.

4 Fencing. Another capital improvement, fencing, will almost always enhance the value of land. It should be installed in accordance with what the land is used for. A white board horse fence is not appropriate for a large cattle operation but is perfect for the showy horse farm. Conversely, a well-stretched, well stayed barbed wire fence will be positively appealing to a cattleman.

Fencing can accomplish several objectives at once, and different types of fencing are used for specific applications. A fence can define the perimeter of the land, contain livestock, or keep unwanted animals out A cross fence can keep livestock off of farm ground or provide efficient use of pastures. A yard fence can protect valuable landscaping and add interest and beauty to the yard area. A high deer fence can protect orchards, ornamental trees, vegetable gardens, and flowers.

RSS | Comments | E-mail | Print