Land is still considered a reliable long-term investment. There is the potential for value appreciation along with generating passive income through cropland, pasture, and hunting rentals according to Stephanie Mallory, author of Is Buying Land a Good Investment in 2023? Mallory also notes that land can offer immediate recreational returns, allowing landowners and their families to enjoy activities such as hunting, fishing, and outdoor recreation on the property.
Leasing land to hunters or other tenants can lead to property improvements, such as food plots, tree planting, and maintenance of fences and roads, which can enhance the value of the land.
In this article in Great Day Outdoors, according to USDA data, land values have remained strong in Alabama and many other areas, with only a few years of declining values since 2008.
It’s essential to carefully research and consider various factors, such as location, market trends, potential income sources, and risks, before making any investment decision, including buying land. Consulting with financial and real estate professionals can provide valuable insights and guidance.
Currently, PotlatchDeltic sells recreational properties in Alabama, Arkansas, Idaho, Louisiana, Mississippi, and Texas.
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PotlatchDeltic’s Preferred Broker Network is an excellent resource for recreational land buyers who have a strong desire to own property. The network’s expert brokers are well-equipped to assist you in your search, providing professional guidance and expertise.