entry 04
How timber, tillable acres, water and access affect land value
When owners ask why a place sold for what it sold for, the answer is almost always the same words: timber, tillage, water and access. This is how I read each one.
Timber: measurable, and easy to undervalue
Timber is the number that surprises people: a mature woods on the slope can carry more value than the tillable field next to it. The honest way to value it is a professional timber cruise, a walk with measurements that ends in a number. A cruise costs a modest fee and can change a sale by a large state, in either direction.
Tillable acres: the income backbone
Tillable ground rents, rents cash, and everyone can count it. Per acre, soil quality and the rent history drive this entry, and I always pull the actual table: what ground like yours rents for in your township, not a state average.
Water: the multiplier amenity
Water is cheaper than most owners think to buy and more valuable than many owners know to price. It drives hunting, it brings duck hunters, and it is often the detail a buyer cites for writing an offer. A pond, a stream frontage, a spring box: it belongs in the value breakdown on every tract that has it.
Access: the price with everything
None of the above gets paid if no one can legally get in. A parcel without legal access can be worth a fraction of the same ground with it. The cheapest fix that can multiply a sale is a recorded easement or a legal driveway, and it is the first thing I check and the first thing I help you fix.
Thanks, Josh
Josh Genz is broker and co-owner of United Country Midwest Lifestyle Properties, licensed in Wisconsin (76296 · WI), serving Western Wisconsin, the Driftless Area and Southeast Minnesota.
Wondering what this means for your place?
Articles are general; your property is specific. Tell me what you own and I'll tell you what this means for your number.
Thanks, Josh
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