How Do You Know How Much Your Land Is Worth?

By John Wesley Walker II

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Are you wondering how much your land is worth? Factors like location, terrain, and accessibility all impact your land’s value in today’s market. Whether you’re planning to sell or are just curious, here’s what you need to know to get started:

Terrain plays a big role in value. One of the first things to consider is the terrain. Look at whether the land is flat or sloped, wooded or cleared, and if it’s located in a flood zone. These features impact how the land can be used and how much a buyer might be willing to pay. For example, land in a flood zone is usually worth less. On the other hand, wooded land might appeal to buyers looking for recreational space or hunting property.

Utility access adds major value. Next, consider whether your property has easy access to water, electricity, and sewer. Land with utilities in place is typically more valuable because it’s ready for development. If connections aren’t available, the buyer may need to spend more money setting them up, which can lower the amount they’re willing to offer. You can check with your local utility companies to find out what’s available.

Location affects how the land is used. The area around your land also plays a part in its value. A quiet, wooded lot might seem perfect for hunting, but it may not be ideal if it’s close to a residential neighborhood. On the other hand, if your property is close to town or near a major road, it could be more attractive for someone looking to build a home. The surroundings influence what buyers see as possible.

Accessibility can increase or decrease value. Make sure the land is easy to get to. Some rural properties don’t have a public road leading to them, and you may need a legal agreement called an easement to cross someone else’s property. If access isn’t clear or guaranteed, that can cause problems for potential buyers and decrease the price. Easy, legal access can make your land much more appealing.

If you’re thinking about selling and want a clear picture of what your property is worth, I’d be happy to help. I’ll review your land and give you an honest, professional evaluation based on the factors above. Call or text me at (318) 794-6769 or email johnwalker47@kw.com to get started. Let’s find out what your land is worth and ensure you’re ready when the right buyer comes along.