FACTORS THAT IMPACT LAND VALUE

Different properties have different values. Land value is dictated by different factors as stated below. These factors are not the only ones that impact land value but they happen to be some of he most important.

  • Location
    Location of the land is a bit obvious but it is one of the most important factor. Different land types require different location to get their highest value.For instance land properties near the road have higher land value than properties located away from the road same to properties located near social amenities

  • Social Amenities
    A property with amenities like water and electricity included cannot compare to a piece of land without in terms of value and pricing. At this day and age getting a property next to social amenities like hospitals,schools,banks and shopping malls

  • The Stock Markets
    When it comes to the economy, everything is connected. In a strong market (like our current one), people have more money to:Invest in land and Buy more produce/meat
    In bad markets, there are many more sellers than buyers, which drives prices down.
    Keep in mind though, that the land market does not always look like the stock market.So, while the stock market can be a good indicator, it is just one of many factors.

  • Type of soil
    Soil type impacts everything from what you can grow to what you can build.
    To find out what type of soil your land has, consult an expert in your area or get a soil test done.
    “The soil test lab report provides valuable information on the makeup of the soil, its pH (acidity or alkalinity), and cation exchange capacity (CEC).CEC is a determination of the ability of the soil components (primarily clay and humus) to allow for the absorption and transport of soil nutrients from the soil to the plant roots. It is essentially a measure of the soil’s ability to hold nutrients and feed the plants.”
    Land Use
    Picture a remote plot of land with sandy or clay soil, all the machinery to make wine, and great irrigation and drainage. If you use this land for a vineyard, the value will likely be much higher than if you use it for hunting land.
  • Finding the highest and best use for your land is an important step to increasing value. Make sure to find an expert land consultant when identifying your property’s most profitable use.

SITE VISITS ARE IMPORTANT.HERE ARE SEVERAL THINGS TO LOOK OUT FOR

Once we hear our investment company launch a new project it is a joy to the investors which makes most of them rush into buying the property without having a view of it especially it the piece of land is in areas that were in your bucket list.Going online becomes the other avenue for researching about the piece of land after interviewing a sales executive in the company. We review photos of the land, looking into nearby spots for social amenities and outdoor activities like fishing, hiking or boating.

It is very important to visit a property before you purchase it, unless you’re a neighbour or already know the property well. The key in making a successful purchase is being confident that the land is a good match with what you are looking for, which means you should see it.

With all this in mind here are some of the things to look out for:

  • Look at food sources, tracks, and water sources to learn more about the quality of wildlife on the property. This will help you determine what steps you may want to take to improve the property over time, while assessing its quality for hunting now.
  • Make sure the property is accessible for the activities you plan to do. Will the entrance roads be passable after a lot of rain? And will the access be sufficient if you decide to build on the property?

  • Check out if the property is a lease property or freehold property. Leasehold property is leased for a period of some years which is renewed when the lease expires while freehold property is owned perpetually.
  • Classification of the land. Is the land agricultural,residential,commercial or government land

  • Check out neighbouring properties. This help in gauging the potentiality of the land
  • See how close utilities are.Even if a map shows that electricity is nearby, you’ll need to see if there would be any challenges in getting power to your home site.
  • Location of the property. How far is the property from the town centre?

      If you are interested in buying a property in 2019, it’s a good idea to start the process now. Find a reputable company that specializes in recreational property sales. Do your homework online, but also go ahead and work with the company to narrow your choices and schedule a visit to see the top sites in person.

      The process can be done quickly and efficiently, but don’t take shortcuts. After all, you will want to find the perfect property for you and your family and friends. So seeing the property and learning everything you can about it is important.