According to October’s LANDTHINK Pulse results, an overwhelming 84.5% of respondents believe that owning land adjoining a national forest, park or wildlife refuge is a definite advantage. Owning property adjacent to state or federal land certainly has pros and cons. Advantages would include assurance that the land next door would not be sold to developers, and your view would remain the same as the day you purchased the property. If you’re a hunter, it could mean access to an abundant, managed wildlife population. For these reasons, the value of your property would likely increase, as buyers view these factors as intrinsic value. Some of the disadvantages might include future risk of condemnation, or eminent domain. Additionally, if a property dispute should ever arise, a landowner would be up against a bevy of real estate lawyers and cash. Depending on its use, state or federal land might experience high traffic, by both the park guests and employees.
Last month, the October Pulse asked: In your opinion, is owning land that adjoins a national forest, park or wildlife refuge an advantage or disadvantage? Our informal online survey revealed that 84.5% of our audience believed it was an Advantage, while just 15.6% said they thought owning land that adjoins a national forest, park or wildlife refuge was a Disadvantage.
It was the general consensus of the LANDTHINK audience that owning land adjoining a national forest, park or wildlife refuge is beneficial. The pros outweigh the cons; essentially it would be like owning hundreds of acres in addition to your own land, offering solitude, plenty of wildlife, and unobstructed views.
Here are the final results:
- 84.5% said it would be an Advantage to own land that adjoined a national forest, park or wildlife refuge
- 15.6% said it would be a Disadvantage to own land that adjoined a national forest, park or wildlife refuge
Congratulations to Al Jennings, winner of the $50 Amazon gift card after answering the October Pulse question! Al is Principal Broker at Mossy Oak Properties Premier Land Company in Germantown, Tennessee.
Thank you to everyone who participated and shared the Pulse with friends and connections in the land industry.
LANDTHINK is seeking sponsors for the December LANDTHINK Pulse and months thereafter. Sponsorship of the Pulse is an excellent opportunity for land industry businesses and professionals to receive significant exposure by leveraging our entire network of web and social media sites. Pulse sponsorships are offered on a first come first serve basis and are subject to certain limitations. If your business would be interested in sponsoring next month’s December Pulse question, please contact us soon.
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The Enhanced Tax Incentive for Conservation Easements is scheduled to expire on December 31, 2013. Should this federal tax incentive be continued? Tell us what you think! Click here to answer the November Pulse question. All respondents will be automatically entered to win a $50 Amazon gift card!
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