If you own land, there are many ways to increase the value. Land value is based on what your land can produce and the available land supply in the area. This means that improving a property will increase the land value. If you’re looking to sell land, you need to maintain your properties so that they will not decrease the land value of the neighborhood in which they are located. A few of the valuable things that you can do to increase the value of your property are:
1. Tree Trimming and removal
Trees are a significant investment, and they need to be maintained. Trees that are dying or dead should be trimmed back or removed for two reasons: dead trees can be dangerous falling branches, and it will allow for more sunlight to reach other plants on your property. This is a significant way to increase the value of your land.
2. Pave a Gravel Driveway
Driveways are often overlooked and do not get much attention; however, they can boost the appearance of your home’s exterior. You or a contractor can easily repave your driveway, but remember to remove all the gravel from around the perimeter under your foundation and your decking if you have it.
3. Demolish Old Structures and Remove Junk
Old buildings, garages, and sheds decrease the value of your property because they take away from the appearance of a nicely landscaped area. Don’t let these structures or junk pile up, as they will drive down your property value over time. Fix them, or remove them.
4. Install, Fix or Replace a Fence or Gate
To keep your property secure, you need to have a fence or gate. Fences are pretty easy and inexpensive to install, and they do an excellent job at keeping intruders out. If you want to increase the value of your property, you will also want to replace your old fence with a more modern version that is aesthetically pleasing.
5. Plant Flowers
Planting flowers is a great and easy way to add character to your home. Flowers can be planted around the perimeter of your home or trees and in your backyard. A landscaping service can be hired to do this for you.
6. Change the Zoning
Zoning has changed drastically over the years, especially in suburban areas. If you want to make money off your land, you will want to change it to better zoning. This could mean that you need a variance or rezoning, which can be expensive in some cases. You should consult with a zoning lawyer if you are unsure what zoning is appropriate for your property.
7. Perc Test Approval
You will most likely need to have a percolation test done on your property. Percolation can be tricky to deal with, but it is not impossible if you know what to do. A perc test determines what type of soil you have on your property and how water will drain through it.
8. Water Access
You might want to consider having a well dug or having a water line installed from the street to the house. This will allow you to have running water and sell your property for more money.
9. Electric supply
You can quickly get power from a nearby power supply, and it shouldn’t take long at all. The electrical company will need to survey your property and estimate how much it will cost you for them to put in power lines.
10. Forestry Mulching
Forestry mulching is similar to mulching done for gardens. A forestry company might come out to your property and trim your trees and shrubs, and then they will apply a layer of this mulch around the trees and shrubs to keep the weeds down and help increase the health of your plants.
