Dont think like an appraiser - think like an entrepreneur
It all starts with asking yourself a simple question: What is my property worth?
The industry looks at highest and best use through the lens of a real estate appraisal. Because appraisers assess a property and compare the existing use against what could be legally and financially feasible. But what if I told you that instead of thinking about best use like an appraiser, you should think about best use from an individual utility perspective.
Maybe your property could be repurposed to add more density. But does that make sense for you personally? Instead, market research may suggest that your property is under-rented, and by simply increasing rent you’d extract more value. Or maybe you could build a demising wall and turn a single tenant property into multi-tenant building.
The point is, it would be disingenuous to pretend that you can distill a property’s highest and best use into a mathematical formula. Real estate’s best use weighs both a property’s possible yield and an owners desired economic utility.
What land owners are saying
"I've invested in land for years. It wasn't until I met Matt that I began to see how important a clear strategy is to real estate ownership.
His approach to envisioning creative paths to value - and ability to capitalize on those opportunities has helped me create equity where I didn't previously see it."
- Justin S., Founder, EcoScapes Land Management and Development