modern valuation of land opredeleet market price of the ownership of land or other property rights that are relevant to the appraised land.Now we look at this issue in more detail, because the financial transactions related to land are among the most complex and have many nuances and pitfalls.
When it is necessary to assess the ground?
Valuation of land formed when you make the pledge at the purchase / sale, contribution to charter capital of the enterprise and other purposes as provided by the law.It is undertaking the examination in respect of industrial lands, settlements, as well as plots of agricultural purpose.Valuation of land is needed in the division of property.If you need a score of lease rights, then the value of the right to lease a plot of land on the market will be determined as the difference of market value and rental rates capitalized on this site.To assess the land (to market prices) should take into account its location, transport accessibility, communication, its purpose, and the ability to change the latter.
main reasons for land evaluation:
- To execute a court judgment concerning the rights of inheritance, property disputes solutions, such as divorce proceedings, and others.
- When lending secured land.This may be a plot of land purchased for the money or credit to an existing property.
- During the transaction the lease or purchase / sale.
- To review the cadastral value.The purpose of this operation - to reduce the tax base, and others.
Factors assessment
complexity of land evaluation it is that there is need to take into account the following factors:
- permitted use;
- zmeli purpose of the site;
- three-dimensional characteristics (topography, area) and more.
Current valuation of the land is different from the evaluation of the apartment or house, which have only one purpose.Depending on the terrain, the land value will be different.In addition, estimating the value of land can be used all the existing approaches for the final price: the income, cost and comparative.The most used approach is comparative.Yet in certain situations (for example, if there is insufficient activity in the real estate market in the sale / purchase land) can not apply this approach.In this case, the value is determined costly or income approach.
valuation of land depending also on the expected duration, size and income as a result of land lease for a period of time when it is used most effectively.
How much evaluation work
Valuation of land also has its value.And the latter depends on the purpose of the valuation of the land, its purpose, scope of work, as well as from the assessor who conducts this assessment.
