In my area/city/country, there are people who want to buy “empty small land” (categorized as agricultural). They buy this type of land mostly as a hobby farming thing.
Empty land looks ugly to me. I think land that has some nice trees looks better. Therefore it must have more value. Maybe it would increase the sales price by 50%. Any ideas? Anyone knows? I don’t know.
My area is DRY: https://i.postimg.cc/DzFFDSPc/image.png
Prices in green areas of the country are way higher. Like 200%+. Though I didn’t look at all areas.
This country is MOSTLY dry. Cities are MOSTLY concrete jungle and ugly.
Valuation of undeveloped recreational property is going to be a lot more speculative than agricultural/industrial use because the final product is not tangible.
If you’re asking strangers on Lemmy how to do land valuation I don’t think you should try your hand as a real estate developer.
:D
I know its value if I did what others did. There are many projects in my area.
I am just trying to make my project different so I can have something I can market on the internet. This way I can sell for a higher price.
In other words, you want to try your hand as a real estate developer.
If you want to market homestead sites, you need to improve them with road access, power, water and maybe wired internet.
It’s less about marketing and more about making the properties “turnkey” for your intended buyer.
Oh yeah, that is included in the final product. There are many projects that are doing what you mentioned. I want to make my project unique somehow so I can have something to market and price differently.