| How do I determine the value of raw land? |
|
|
|
| Written by Kennedy Funding | |
| Friday, 05 January 2007 | |
|
Let's look at the things that appraisers consider. • Site size and shape, represented by frontage, width and depth. • Corner influence equals visibility for commercial, or privacy for residential. • Plottage: Has assembly or combining of parcels been accomplished? • How much land is excess or surplus? Surplus has less value than what is required. • Topography: Land's contour, grading, natural drainage, soil, view and usefulness. • Accessibility: Parking, location, streets, alleys, connecting roads and highways • Environment: Climate, air quality, streams, rivers, lakes, oceans and the absence of any hazardous materials. Get a professional to help you out with these issues. The money will be well spent. |
| < Prev | Next > |
|---|