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WHAT IS THE INCREASED VALUE OF HOMES ON ACERAGE

Sunday, November 3, 2024   /   by Chelsi Reimer

WHAT IS THE INCREASED VALUE OF HOMES ON ACERAGE

HOMES ON ACERAGE

Dear Dave,

We live in a semi-rural area on two acres, but several subdivisions are going in nearby. My husband is concerned that it will decrease the value of our home and property. I know that you say there is “a butt for every saddle.” In your experience, is there still a market for well-kept homes on larger acreage even though most of the newer homes are in subdivisions?

– Dan & Donna


Dear Dan & Donna,

Great question—and one I get more often than you might think as development continues to expand throughout Mesa County. You’re absolutely right: I do say there’s a “butt for every saddle,” and I stand by that. There will always be a market for well-kept homes on acreage. The demand may shift from year to year, but the appeal of privacy, space, and a little elbow room is here to stay.

Now, let’s talk about what’s happening around you. Growth in our area is no surprise—subdivisions are popping up everywhere to meet the need for affordable housing, especially as our population increases. This kind of development is necessary and, in many ways, a positive sign for our local economy. But when you’re sitting on a couple of acres and suddenly the view is changing, it’s natural to feel concerned.

So, will nearby subdivisions hurt your property value?

The answer depends on how close and how dense the new development is. If the subdivision is directly adjacent to your property and packed tightly with homes—think 6 to 8 per acre—then yes, there’s a chance your value might take a small hit, especially if it alters your privacy, views, or introduces more traffic or noise.

But if the development is a few streets over, or the homes are spread out a bit more—say 3 or 4 homes per acre—it’s unlikely to have a significant negative impact. In fact, some nearby development can actually help by bringing paved roads, utilities, or retail conveniences closer to your doorstep, all of which can add appeal to rural buyers.

What buyers want

Acreage buyers typically aren’t comparing your property to a brand-new tract home. They're looking for something different—a lifestyle that subdivision living can’t offer. They want:

  • Space for RVs, boats, or equipment
  • Room to garden, raise animals, or build a shop
  • Quiet surroundings and fewer neighbors
  • The freedom that comes with no HOA breathing down their neck

These buyers are often willing to wait (and pay) for the right property. As long as your home is well-kept and your land is usable and appealing, you’ll still attract solid interest when the time comes to sell.

So no, I don’t think you need to worry. The market for semi-rural properties is alive and well, especially as more folks seek space, privacy, and flexibility. You’ve got something that’s getting harder to find—and that makes it even more valuable.

Best,
Dave Kimbrough
The Kimbrough Team – RE/MAX 4000

Have a question? Ask Dave!
?? dave@thekimbroughteam.com

 


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