When you’re selling land, there are a variety of factors that can impact its value. However, three in particular can truly determine how much you will receive for your property. Learn more below:
Location is one of the most important factors of any kind of real estate, no matter if it’s urban, suburban, or rural. When it comes to agricultural land, the location can determine how well crops perform and how easy it is to live there. For instance, some locations may have good soil while others have poor soil (more on this below). Additionally, being close to amenities will help buyers live more easily on the land.
Water is crucial for crops but also for easy living. Unfortunately, not all rural locations have easy access to water. As a result, many landowners drill wells to provide access to water needed for both themselves and their crops. If you do not have a well, we recommend drilling one before placing your land on the market.
We’ve touched on this previously, but good soil quality is crucial when selling agricultural land. If your land has poor quality, you can rest assured that its value will plummet. Poor soil will limit the types of crops one can grow. Additionally, only certain types of soil are suitable for sanitary septic systems. Understanding the type of soil present (and finding ways to improve it if necessary) can help you increase your land value.
Published on 2022-08-17 06:00:57