Land Valuation Process

Land Valuation Process

by

koshals52

In the process of sale and purchase of land what really stands indispensible is the

land valuation

process. The land valuer needs to identify the true and authentic use of land which indeed can mount the land value manifold in nearing future.

Indisputably the land value appreciates each year, but this is just a half understood notion. Much time the value of land deteriorates, depending on their location, availability and innumerable other features.

Utility of land can be judged as important factor in considering land valuation. Desirability of lands makes the land stand higher in lower in the ranking process. The

property valuer

can definitely rate the land value higher if the desirability of land is more. The accessibility and availability of the land speaks loudly in the land valuation process.

Location of land, if the land is located amid industrial or commercial zone, undoubtedly the; land value would be appraised higher. Few lands possess innate traits and virtues unlike others. This perhaps differentiates the land from others, like soil type, fertility and many other features of land.

If the land is besieged with development and infrastructure then surely the

value properties

would escalate. The land valuation process thoroughly undertakes the surrounding in to consideration. The property or land valuers have to minutely observe the development and construction around the land. The connectivity of other public amenities, the land that networks all would rise higher.

One of the four factors of production, land stands immobile and does not reproduce itself. The paucity is increasing each day. Earth is covered with 70 percent water, in such situation land is a scarce resource hence a wise valuation process is required. The permitted use of the land though to be purchased should be taken under consideration. The highest and the best possible use of land should be determined.

The land has undergone huge demand since last decades. This indeed compels a well grinded valuation and property valuer should be keen to identify and make certain that all the possible factors are reflected on. The view from the land adds to its value. A sea shore view or an across the city view may hook the buyer to the land.

The property under talks can be contemplated well before putting to sale. The land and property surroundings, admittance, availability, infrastructure and utility of terra firma puts land at much higher level, if all these factors play their role optimistically well.

Koshal & Associates is the valuation firm specializes in

property value

and land valuation

how to value a property

process in Delhi NCR area of India.

Article Source:

ArticleRich.com