How We Value Mixed-Use and Recreational Land in Iowa
Not all land fits neatly into one category. Some parcels blend income-producing acres with recreational features, and valuing them takes a different approach than valuing straight farmland or straight recreational ground.
Some land is mixed-use. These parcels might include tillable acres that generate income, a creek, trees, or grasslands. Those acres are often irregularly shaped, due to the terrain. Yields can be highly variable on these parcels, which can be tough to farm with lower-yielding soil types.
In some cases, the highest and best use of this land might be a government program like CRP, which generates a steady stream of income.
A Custom Process to Find Unique Value
That’s why valuing a property, whether it’s recreational land, income-generating farmland, or a mixed-use property, requires us to consider a wide range of variables. There is no cookie-cutter formula.
Let’s say a parcel includes CRP, tillable acres, timber, and a small piece of land that’s cut off by a creek that flows through the property. It’s a major math equation to determine the value of a mixed-use property like this.
Should You Subdivide Your Land?
Can a parcel like this be split up and sold to different buyers? We caution against this because there’s more risk every time land is subdivided. There are also additional costs with abstracting, surveying, creating access points, and more.
One Simple Way to Boost Your Land’s Value
You might be surprised by one simple thing that can enhance the value of recreational or mixed-use land: a trail camera. When you have photos of the wildlife on your land, such as a mature buck with huge antlers, a wild turkey with a long beard, or multiple pheasants, potential buyers like to see these images.
We’re Here for You, Every Step of the Way
If you’re thinking about selling land, we have access to a wide network of potential buyers. The best time to sell is when you’re ready. Give us a call, and we’ll walk you through the process from the very first step.