SHOW / EPISODE

How to Make Land More Valuable in 2024

53m | Mar 5, 2024

While land flipping presents a unique opportunity for wealth creation, simply buying vacant land and finding a buyer without doing anything may not maximize your profits.

Fortunately, there are several inexpensive and practical strategies to increase the land's value further.

In this episode, Heather and I go through some innovative strategies for increasing the value of land through various enhancement techniques.

From minor subdivisions to navigating local regulations, we reveal strategies that can significantly enhance your property's worth.

However, value-add projects vary considerably in cost, time, and the ultimate impact on the property's value. It is important to evaluate the as-is value and estimated time to sell, besides any proposed value-add enhancements, and come to a decision when you have all the information.

For our business, the value-add project must significantly increase the property's value or significantly decrease the projected time it will take to resell the property.

Tune in to learn more about these opportunities and how to evaluate them. 

Key Takeaways

Intro (00:00)

Increase land value with surveys (05:26)

Why you need to conduct Perc tests (10:19)

Clearing brush can be a great way to add value to a property (14:09)

Lot splitting to sell smaller parcels at a higher price per acre (19:53)

Infrastructure investments that can increase value (22:09)

Access improvement to increase value (27:32)

Feasibility studies to establish any potential concerns (30:58)

Getting permits to add value to a property (34:04)

Changing the zoning and annexation (39:47)

Let’s answer some questions (40:48)

Additional Resources:

The GAUNTLET 8-Week Blueprint To Land Flipping Mastery: https://gauntlet.landconquest.com/

Want us to Fund your Land Flipping Deal? https://partnerwithpete.com/

Want to discover our FREE training program? Join us at: https://landconquest.com/

Read our monthly income reports at: https://turningprofit.com

Want to see what’s possible with Land Flipping? Get a detailed breakdown of our first 50 Land Flipping Deals at: https://50firstdeals.turningprofit.com/opt-in

Follow Heather on Instagram here.

Follow Pete on Instagram here.

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Turning Profit is a podcast for people who love real estate, brought to you by Pete and Heather Reese.


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