How to increase the value of land this 2022

Raw land, in itself, can become quite a valuable asset to possess; more so if it’s located in an area where development and growth are expected. The Methow Valley is rife with land just waiting to be explored for their potential, especially in Winthrop. Real estate here is seen to increase in value, especially due to exciting developments and new job opportunities in the tourism and agriculture sectors.

Selling land, however, is another story. Many of the costs involved in selling it (e.g., taxes, commissions, title insurance) are shouldered by the seller. If you are an owner of vacant or raw land with plans of selling it, taking the initiative to improve your property before selling it makes sense to get handsome returns on your investment. 

Here are some tips on how to increase the value of your land before putting it up for sale:

Curb appeal matters

Curb appeal isn’t just for homes and commercial buildings — it applies to land, as well.  Buyers are more likely to pay top dollar for land that appears well-cared for. It’s also one of the easiest ways to increase your land’s value.

Improving your property’s curb appeal involves removing garbage from the premises, clearing overgrown weeds, pruning plants and brush, and adding protective fencing, among others.

Better access

Access to and from your land matters a lot, especially if you plan to market it as commercially viable real estate. Hiring a contractor to build a driveway leading to your land will help with the movement of people and goods to and from your property. 

If you have neighbors with the same issue of access, you can coordinate with them regarding the creation of a legal easement. It will help to consult with your title company and a reputable real estate agent to ensure that this agreement is legally binding.

Adding convenience to your land

Another way to attract buyer attention and add value to your land by about 10% to 20% is by giving it the potential to make people comfortable while in it. You can do this by having utilities installed on your property. This would include the basics such as power, water, and sewer lines.

Build structures on your land

If you want to market your property as hunting, farming, or recreational land, building structures such as cabins and barns in it will give it a guaranteed boost in value. 

Do note, however, that building these structures is also a huge investment in itself. With that in mind, keep your builds simple yet functional. 

Consider the significance of trees 

Trees can be used to increase the value of your land in different ways. 

• You can remove trees that are blocking attractive views of the surrounding landscape.
• You can add fast-growing trees to block unappealing views.
• You can plant fruit-bearing trees, reap the fruits of your harvest, and sell these to the nearest markets at a premium.

Selling your land in Winthrop becomes a stress-free experience once you entrust its marketing to one of the most reliable and established Realtors in the Methow Valley, Coldwell Banker Winthrop Realty. Reach out to us by calling 509.996.2121 or by emailing info(at)cbwinthrop(dotted)com. We’ll be glad to help!