Your property and what is on it are probably the most expensive things that you own. They are probably some of your biggest financial investments, and most of us hope that they will be worth more when we go to sell them than they were worth when we bought them and before we bought them. Unfortunately, this does not always happen, but, fortunately, there is a way for you to ensure that you get the most out of your land.
One way to ensure that your land pays for itself is to get a cell tower lease and have a cell tower put on your land. Cell tower companies are looking for landowners who are willing to put a cell tower on their land. Specifically, these companies are looking for landowners in urban and suburban areas where more and more people need cell networks. You will want to check with a cell tower company to see if your area is in high demand or low demand for cell towers. If the area you live in is in high demand for cell towers, then you can make a lot of money off of a cell tower lease on your land, and it could definitely be worth it. If your area is in low demand, however, then you may not be able to make a lot of money off of the cell tower lease, and it may not be worth it.
There are positives and negatives to investing in a cell tower lease on your land. Obviously the positive is that you will make some money off of the cell tower. The cell tower lease will give you “dividends” on your land investment, which will help you make sure that you get a good ROI on your land. Cell towers have a lot of negative consequences though. First, they are not very attractive and could lower the curb appeal of your home. Second, a lot of homeowner associations will actually not allow them on your property, so you will need to look into your HOA voting terms. Finally, there are health concerns associated with cell sites being close to where people live. You will want to consider these possible health risks before putting a cell tower right next to where you live, especially if you have children. Just like any easy way to make money, there are the negative consequences. Make sure to weigh the pros and cons of this investment before choosing to sign a cell tower lease agreement.