Buying Land

Maximize Your Investment – Buy A Diverse Property

Maximize Your Investment - Buy A Diverse Property

When I first began my career in the rural and recreational land market in the mid-1980s, most of the tracts of land I dealt with were “one-dimensional,” in that there was typically only one primary use for that property. Many agricultural tracts were not properly set up for recreational uses and vice versa. The landowners were simply not maximizing their properties.

A common mistake that many land buyers make when they begin their search for land is not keeping diversity in mind. Many buyers have in their mind a 500-acre hardwood bottom, which is undoubtedly beautiful, but lacks the diversity necessary to enjoy the property all year round without extensive improvements. Land is not a single-use investment, and it is important for buyers to find properties that have the versatility to provide a ton of fun recreational uses year-round.

Let the Property Speak to You

The tract of land will ultimately dictate what activities can be enjoyed there. An upland parcel of land more than likely is not conducive to waterfowl hunting without constructing lakes in the valleys and drains. Even after doing so, great duck and goose hunting may be unrealistic due to external factors, such as flyway location. So, there are a myriad of factors that come into play when sizing up what activities a parcel of dirt can support.

It is important for each buyer to categorize and prioritize their intended uses for a property long before they start walking properties with a Certified Land Specialist. Often buyers get wrapped up in the aesthetic appeal of a property and fail to keep their wants and needs in mind. Land is a long-term investment, so it is wise not to act on impulse and make a hasty purchase.

Once you identify your priorities and have set foot on the property, it is time to sit down and cross-check to see how well the property fits your goals. For example, if you have an interest in having a large dove field, is there enough open land to support one? It may take conferring with an outside consultant, such as a forester or wildlife biologist, to make these determinations and help you get a clear picture on how well the property fits your needs.

Hunting Potential

No matter how you slice it, hunting is still king in terms of recreational land use. Over 20 million people in the United States escape to the outdoors each year for hunting purposes. The problem most first-time land buyers make is not considering the number of hunting-based uses a tract may have. They know what their top two or three favorite types of game are, but they fail to see other varieties of game animals as a way to pass the time between their preferred seasons. Dove hunting is a prime example. Because most dove seasons come in before the majority of the fall and winter seasons do, they provide a great way to enjoy your property and sharpen your wing-shooting abilities. Plus, dove hunting is a very social type of hunting, meaning you can invite a larger number of people to hunt with you than a deer or turkey hunt. Dove fields are not going to be successful everywhere, but if there are doves present on a property, they give a landowner another way to enjoy his or her place. Predator hunting or trapping can be a fun and exciting way to pass the time and help the desirable forms of game on your property survive. There are a multitude of ways to “hunt 365”; it simply depends on the tract of land and the person that hunts it.

The key to having a number of different hunting opportunities on a tract falls back on the diversity of the tract itself. The tract needs to have a healthy mix of open land and cover. It is hard to say exactly what the ideal ratio should be of open land to cover because the buyers’ hunting preferences may dictate that. The key is to find a property that is “flexible,” in that it possesses the soils to grow a number of crops or timber if need be to achieve your management goals upon buying. One way to research this is by looking at a soil map of the property. The local National Resource Conservation Service (NRCS) office carries these, and they may be able to assist you in determining the soil productivity on the tract.

Water Sources

Water is an important natural resource and it is a very important part of our daily lives, as we depend on it to survive. An ample water source on a property may serve many purposes. Waterfowl may use the water sources as a wintering ground, which could provide an exciting hunting avenue.

A body of water can add significant value and beauty to rural land and the ability to fish can provide the landowner another way to enjoy his property, especially during the off-season. When I’m looking at a tract of land that I’m interested in purchasing, I identify any potential lake sites or assess the current ponds or lakes on the property. If there is a river or stream on the property, I want to verify that there is available access to that water source. If high banks are present, getting your boat in the water to fish the river or creek could present a challenge.

Water can provide a lot of recreational opportunities; it is not limited to fishing enjoyment only. Many landowners survive the “dog days of summer” by using the lakes on a property for a variety of summertime activities like swimming or canoeing. It really depends on the lake itself to determine whether it is suitable and safe for recreational use. If the lake is wooded on its banks, it may be home to poisonous snakes, which could ruin a nice summer day with a trip to the hospital.

Overall, the recreational aspect that water adds to a property is very diverse. It is important to remember that in any part of the country, it is crucial for a tract of land to have enough water to support the wildlife on that property. Before you purchase a property make sure that you have a clear understanding of the water situation. Water rights may sometimes be held separate from the bundle of rights conveyed with a parcel of land, especially in the western United States.

More Uses

The list of activities that a piece of property can sustain or offer if almost endless. It simply comes down to the landowner being creative and passionate enough to participate in those activities. Many people have started building sporting clay courses on their property for many of the same reasons as dove hunting, to brush up on their shooting skills while having fun. The courses I have seen range from very simple and inexpensive to lavish, but all of them offer the same amount of enjoyment and shooting practice. Rifle or archery ranges serve the same purpose, and are a great deal of fun, especially during the summer months when you start getting that itch to go hunting.

Land 365

Land is the most valuable and versatile investment that a person can make. The different numbers of uses that a tract of land can have are limited only by the tract itself and the imagination of the buyer. Properties for sale that are diversified will offer a ton of opportunities for buyers. Additionally, the diversity that a tract has will ultimately increase the value of the tract should you decide to sell the property. By keeping in mind your priorities, and looking long term, you can create a strong investment and a place in rural America to enjoy 365 days a year.

Article contribution by Mossy Oak Properties. The Mossy Oak Properties land brokerage network was launched in 2003 and has since grown to over 100 franchised brokerages in 30 states throughout the country.

This content may not be used or reproduced in any manner whatsoever, in part or in whole, without written permission of LANDTHINK. Use of this content without permission is a violation of federal copyright law. The articles, posts, comments, opinions and information provided by LANDTHINK are for informational and research purposes only and DOES NOT substitute or coincide with the advice of an attorney, accountant, real estate broker or any other licensed real estate professional. LANDTHINK strongly advises visitors and readers to seek their own professional guidance and advice related to buying, investing in or selling real estate.

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LANDTHINK

LANDTHINK is part of the LANDFLIP network of sites and brings together the various components of the land industry and provides knowledge and information to land investors, owners and professionals to create a stronger land marketplace. Get land smart!

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