Someone told me years ago that a good idea when buying land as an investment is to have some income possibility from the land to cover the taxes and interest when holding. Such as a rental dwelling, some trees that need thinning, hunting rights, cropland, allotments.
- There is an old timber man saying, “In hard times, land returns to its rightful owners.”
- Land investors tend to be careful people who love their investments.
The old European families who carried their wealth through generations managed their timber land well. A cultivated forest is positive interaction between the landowner and his environment and generates renewing wealth.
Beavers – These rodents can be very destructive to both timber and land. When buying or selling land, it is important to dispose of these critters ASAP.
Boundary Lines – Surveyors do not always mark the property lines they are surveying unless specifically requested. Once the lines are located, they should be maintained by painting them once every 8-10 years. By keeping your boundaries clearly marked, you will avoid, timber trespass, other trespassers, illegal hunting, additional surveying in future years and other potential problems such as adverse possession or land claims. Yes, it should give you a sense of security.
What is This?
Many trees and fences in North Carolina have these strange purple stripes painted on them; no, it is not someone getting back to the 1960’s but rather a formal marking of “No Trespassing.” North Carolina has placed in the General Statutes a way for landowners to protect their property without repeatedly posting “No Trespassing” signs along their boundaries – these paper signs hold up poorly to Mother Nature, fading, curling, or even blowing away in the wind. Instead of going through the expense of posting and replacing these signs, landowners paint a purple stripe along the boundary of their property to show that access is not granted without permission.
See the statute – the statute even specifies the size of the stripe, its location on the tree, fence, or what have you – and beware: purple means Keep Out!
Hunting – If you do not live on your land, you might think about leasing the hunting rights to a local hunt club. There continues to be a high demand for lands to hunt. The hunters can watch for insects that might kill pine trees, trespassers or problems with beavers. Besides these benefits, the lease income should more than pay the taxes on your land.
County Property Taxes – If you own more than 20 acres of timber land and have a forest management plan you should be eligible for greatly reduced county taxes. This is a state wide law called “Land Use Tax”. The intention is to tax the land based on it’s current use (forest, agriculture or horticulture), not it’s highest and best use like residential use, commercial use or industrial use. You also may be eligible for tax reduction if you own 10 acres or more of farm land which acres are in actual production and yield an average gross income of $1,000 for three years prior to enrollment. Entire statute related to present use taxation is http://www.dornc.com/downloads/av4.pdf.
Fire Wood Cutting Tips – Approximately 60,000 folks a year are injured cutting wood.
- Never cut alone.
- Never cut in high winds.
- Never cut when you are tired.
- Never stand behind a falling tree or a hung tree.
- Never point a saw where you are not looking (someone could be behind you).
- Never fell a tree without planning an escape route.
- Never cut near a power line.
Here are some simple items to consider when thinking of using land for a solar farm.
If you are thinking about selling your land or leasing it for a solar farm there are a few things you should know.
- Most solar companies would rather lease than own.
- You should have at least 15 acres of land
- The land should be cleared and face the south
- The land should be located either close to a town or close to one of the electric utility substations.
- Your local utility, the one to whom you pay your electric bill, can assist you with locating their substations.
Good Fences, Good Neighbors: What You Need to Know about Fence Laws