10 Tips for Developing Raw Land


Consider the factors that affect value

A stream on your property can increase value by 100 percent.
A stream on your property can increase value by 100 percent.
Stephen Schauer/Digital Vision/Thinkstock

Value is sometimes hard to determine, although there are some sure factors that affect it. For example, an oddly shaped parcel that makes development challenging can be a detriment. So be careful to review the exact size, shape, width and depth of the property you are considering.

Location is a top factor. Corner lots with easy access to roads and parking are prime candidates for development. Easy access to sewers, drinking water, natural gas, electricity and telephone service should also be considered when selecting the location of your raw land purchase.

Trees add value to your land, as do streams. In fact a stream on your property can increase its value by as much as 100 percent in some cases [source: Auito].

Good drainage is important, as well as contour and grading. A good view, however, can be a double-edged sword. It can add value, but also be costly when you develop the land. You could pay up to 30 percent more for roads, utilities, water, sewer and building foundations when you develop land high up on a hill [source:Auito].

And of course the environment affects value. Climate, air quality, water supply and the presence of hazardous materials can help determine the worth of your raw land.