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.
Asking a bunch of random Internet posters on Lemmy, who know nothing about property speculation, land management, investment in general, or especially your country, while providing very few specifics about your plan, is not going to yield useful advice.
And posting it multiple times is sure to get yourself blocked by many users.
You’d get more for developing the land, yes. But depending on your area, and how you develop it, you might not profit from it.
Land with trees on it looks nicer, and draws a higher premium, but usually only if those trees are mature and provide benefits in the form of shade, use, etc.
A scraggly patch of undeveloped land with some scraggly new trees won’t see much of an increase.
Really depends on the market, and the effort you’re willing to put in if making money is the goal.
Thanks for your input! Can I ask you some follow up questions in private?
Is it just me or is the title backwards from what the post says? Shouldn’t it be phrased “Do people REALLY want to buy empty land instead of beautiful land?”
You’re putting your priority of beauty on others, who seem to prioritize function if they do hobby farming (in which case, trees could get in the way of whatever they’re trying to do with the land)
Neither preference is wrong. In theory prices should reflect supply and demand.
i think their purpose isn’t to farm. their purpose is to have a good time. they can do that better if their land is pretty
how do i figure out the supply and demand of pretty land?
That’s a basic economics thing that doesn’t have an easy answer. But basically, at lower prices, people generally demand a higher quantity of something. Raise the price, and people start to think twice and consider other options. Supply is the opposite: at a higher price, more of a product will be produced (or in the case of pre-owned land, landowners are more likely to cash out). At lower prices, people won’t bother.
So in the case of land, price is affected by what people want, but also what’s available. If there is a lot of open space and that’s what everyone wants, groovy! But if people want limited amounts of tree land, prices are going to skyrocket for that and people will look at open land as an alternative.
Pretty land is definitely rare here. I’ve never seen a similar project that is green
People drive for 2 hours to go to green areas for picnic for example. Almost all buyers of this type of land grew up in a flat and they overvalue greenery compared to someone who grew up in a house with backyard.
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.
