California boasts excellent weather, delicious cuisine, a diversified population, and a thriving economy. Moreover, the state has some of the most amazing views and breathtaking natural features, such as scenic mountain ranges, lush mountain meadows, magnificent beaches, and lovely valleys. The Golden State is also known as the country of dreams. Since the California Gold Rush in the early days of Hollywood, about 200 years ago, people have traveled there to fulfill their American dream. If you’re planning to do the same, you’d be glad to know that the state of California has a total acreage of 100.2 million acres, which means there are plenty of opportunities to find your ideal plot of land.
In addition, we’ll consider all the advantages of owning vacant land in the Golden State and the scope of development potential.
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Best Agricultural Land in the US
California is well-known as the American agricultural superstar. Its near-perfect climate produces more than 200 different crops, including almonds, artichokes, olives, walnuts, and pomegranates. The state uses approximately 28 million acres of land to cultivate fruits, vegetables, nuts, and other food items. California produces 12% of the nation’s agricultural product sales. Therefore, investing in agriculturally-zoned California land for sale can be a gold mine that would ensure significant profits in the long run.
A Fishing and Hunting Paradise
California is one of the best states to live in for those looking for outdoor adventure opportunities. It’s a hunter and fisherman’s paradise offering over a million acres and hundreds of thousands of unique types of fish and animals. There are over 3,000 lakes in the state, with dozens of trout species calling them home. Owning a lakefront property can make water sports and fishing with panoramic views a part of your daily life. Moreover, California is abundant in hunting land. Deer hunting is the most popular. In addition to helping conservation, deer hunting allows you to save lives. It is essential to help diminish the number of deer-related collisions, which total about a million annually.
Diverse Landscapes
If you dream of building a bespoke home, you probably want it to be located in an area with beautiful views. California has one of the most varied landscapes thanks to the abundance of deserts, mountains, vineyards, and the sea. Whether you’re more into spectacular ocean views or limitless views in every direction, you can discover land for sale in every imaginable setting to build your ideal home.
California Land Will Appreciate
Arguably the best thing about owning land in California is that, whether you choose to build on it or not, you’ll make great money, especially if you’ve invested in farms. In California, real property prices are rising. The land is incredibly fertile, and given how quickly the population and the need for food are expanding, the value of Californian land will be on the rise in the future. Even if you choose not to develop the land you own, you may sell it off after keeping it for a few years and make astronomical profits. Another way to often double or triple your investment is by leasing it to a commercial developer, usually for a long-term lease.
Low Property Taxes
California property taxes are lower than the average property tax rate. The state charges a property tax of 0.73%, much lower than the national average of 1.07%. Real estate taxes are calculated depending on the cost of the property. In California, the assessed value is the same as the asking price, but there’s a 2% cap.
Real estate owners in California are also eligible for a $7,000 exemption on their principal residence. This results in a $7,000 reduction in the assessed value, saving you up to $70 annually. Since you do not need to reapply yearly, you should claim the exemption as soon as you purchase real estate.
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Final Thoughts
Owning land in California offers lots of potential for development. For instance, you can invest in land for agriculture, make property updates and transform it into one of the top outdoor recreation destinations, or build a vacation home with beach access. The summers are lengthy, and the winters are mild, so the land won’t freeze in bitterly cold weather or become flooded by excessive rain. You can be confident that the California land you own is a reliable asset that you can use whatever you like, which will undoubtedly benefit you.
