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FACTORS AFFECTING PROPERTY VALUATION (LAND EDITION)

Quickly now, we will be looking at land valuation determinants, although when it comes to anything property valuation, all determinants are categorized under location related factors and economic factors which addresses the issue of property demand and supply, obviously when demand is higher than supply, it causes an increase in valuation, but looking in debt at these factors when it comes to land, we come to find some things interesting:

1.     PROXIMITY TO LANDMARKS:

This is practically one of the simplest or easiest ways to increased or in rare cases decreased land valuation, as nearness to notable or popular landmarks can help your land valuation

2.    DEMOGRAPHY:

Another easy way to increased valuation is the demographic nature of the environment, be it by age, race, tribe, citizenship, income class, the more notable the better

3.    ROAD NETWORKS:

This is probably the most popular determinant for land valuation, as people tend to value an access to proper and standard road networks when purchasing a land

4.    GOVERNMENT IN PLACE:

The presence of a working local government in literal terms is important, as an overly traditional government style is bad for valuation involving land less than a hectare, while an effective and efficient government style in place will always do wonders for your land valuation.

5.    DISTANCE FROM BUSINESS/WORKING AREAS:

Just like proximity to landmarks, a shorter distance to a commercial or industrialized hub is a good thing for land valuation.

6.    TRANSPORT ACCESS:

Anything more than a kilometer from the nearest transport terminal or bus stop is bad news for land valuation, while anything more than 200 meters from any transport mode is also bad for any property valuation.

If you are in need of help or want to make inquiries, feel free to send a direct message, an email or put a call through using the cell digits provided, and you will get direct access to one of our consultants.

Thanks for reading

Do have an awesome day.



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