You did your research, narrowed down your options, made a payment and now you’re the proud owner of a parcel of land. What’s next?
First, take a big, deep breath and relax. Unless your property falls victim to a giant sinkhole, it’s not going anywhere any time soon. Often, new landowners don’t have an immediate plan for how they will use their new property; the possibilities are nearly endless.
Regardless of the end result, there are some property improvements that can be made right away to increase the value of your property, and these will make life easier in the future.
First and foremost, it is important to maintain your property, even if you are not living on it. Climate will have an impact on the property’s physical appearance. For example, a property located in an area that receives a lot of rain might be covered in weeds and need a little more maintenance to keep pristine. A parcel in the desert might not have much overgrowth and will require less maintenance.
By keeping up with the maintenance of your property, you are making your property more appealing for others to purchase. Property improvements in the future, such as leveling the ground to create an ideal foundation for structure-building, will be easier as well. If the property is located in a climate that is ideal for agriculture, you can make improvements to the soil to make it more beneficial for crops.
Pending county zoning regulations, a quick and beneficial improvement to vacant land is to add a roadway to the property if one does not already exist. Not only will this benefit you getting to and from the property, it will also benefit others in the community and help potentially create more interest in nearby locations.
Other small property improvements include landscaping, irrigation, and adding paths, sidewalks and fences. Any improvements, whether big or small, made to your property in the present will benefit you in the future. This is true whether or not you have a long-term plan for the property.
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