Dear Vinny,
As a novice land investor, I’m wondering what the most important infrastructure I should look for when viewing properties. What adds the most value to the property, and what will be the most costly to upgrade and maintain?
Investing for Now: A Ranch Broker and Interior Designer Discuss Common Hurdles Facing Modern Ranch Investors
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Important Considerations for a Novice Land Investor - Ask Vinny
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Infrastructure Insight - Ask Vinny
Posted: Tuesday, July 30, 2024
Author: Vinny Delgado, Partner, Ranch Sales | Licensed in MT
Dear Costly,
If you purchase land with irrigated hay meadows, sprinkler systems, as in pivots, preferably, are an incredible value add. I often see clients let these systems lapse and do the minimum to repair them. I recommend always keeping these systems working and repaired properly; they are incredibly expensive to replace, but they also provide top dollar per acre in return when it is time to sell.
If you are not looking at irrigated ground, I suggest regular maintenance on your structures. Being exposed to the elements and mother nature's creatures can cause a lot of damage. If possible, have structures checked regularly to head off any weathering or intruders that can cause a lot of damage if not kept up with.
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