Whether it’s a newly-built home on a steep, ten-acre mountainside overlooking restful, sloping valleys – or a peaceful cabin on one-acre, sitting right next to a rushing mountainside creek – perhaps a taste of the mountain life and rural area is just what the doctor ordered.
Regarding rural areas and land found in any “country” setting, it should be noted that not all acreage is “created equal” in terms of expected market value. Generally speaking, anything with big views – think steep cliffs, valleys, long range sunset horizons, for example) or water access (pond, creek or river) will bring in a much greater premium than anything without these features.
Based off our experience in this market, we’ve found that even the slightest of any of these features, such as a small creek or even just a partial, backyard sunset view – will oftentimes add a 10-20% value to an asking price. In some cases, such as riverfront, large cliffs or massive, long range views that stretch for miles – these more remarkable features can easily add $100 thousand dollars to a property value.
The fact that these features play such a critical role in terms of pricing and potential market value mean that, in our opinion, these special features should be one of the first things you determine from the beginning when shopping around for a piece of land.
Is no backyard pond a deal breaker for you when choosing your rural area? How about a year-round, rushing creek? What about westward-facing, backyard sunsets horizons? You see, if none of these things are important to you, we have good news, and you should be able to get a pretty sizeable amount of rural acreage at a decent price. If the lack of any of these features are a deal breaker – for example if a long range sunset horizon is something you absolutely need in your back yard – our advice is to figure that out up front, prior to even shopping around for property so you know exactly what to look for in the rural areas.
As previously mentioned – we strongly encourage you determine these preferences and deal-breakers prior to shopping around for land, as this will allow you to focus your energy and zero-in on what you are looking for prior to going through the painstaking process of making these determinations after the fact.