The Press Room
Determining the Price of Property
If you have a block of woods and 2,000 acres of pasture around it, that property won’t be as valuable as property with more woods and possibly some cutover, especially if the property has hardwoods, a pond and a field. Deer like diversity of habitat, which is also the recreational property for which buyers search.
Question: Cutover property in the past has always been viewed as a negative by deer hunters. But in recent years, as hunters have learned the value of cutover property, it’s no longer viewed as a negative, is it?
McCulley: That depends on the size of a cutover. If you have 1,000 acres of cutover property that’s nothing but stumps and treetops, that land’s not worth nearly as much as land with cutover that can be used as bedding areas for deer and also has uneven-edged timber, hardwoods and fields on it. If you have a 500-acre tract and only 50 acres of clearcut, then that clearcut may be a positive instead of a negative. But if 500 acres has 450 acres clearcut, and all the investor is buying is dirt, of course, the property will be worth less.
The location, the amount of timber, the type of timber, the amount of wildlife, the type of wildlife and the accessibility the potential buyer has to the property are all critical factors in determining a price for a piece of property. Recreational buyers still want timberlands and wildlife. They just don’t want dirt in the country.
For more information about purchasing forest-recreation lands in this area of Mississippi, call Brad McCulley at (662) 563-1802, or email him at email@example.com.
Tomorrow: Making a Good Investment