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.
Comments