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How to estimate the cost of a plot of land


How to estimate the cost of a plot of land</a>

Assessment of the cost of land is necessary in different cases: sale, a loan against a plot of land, the definition of the cost of rent, etc.

Of course, you can turn to professionals, but first you should try to evaluate the site yourself, to know what to expect and avoid cheating.

You will need

  • Computer with internet access.



First you need to know Value Land in the area. This is easy to do by looking at offers for sale sites on various Internet sites. Carefully look at all available ads to get an idea of ​​the value of the land. Especially pay attention to the proposal from various agencies, since in this case the land was valued by professionals, while proposals directly from the owner can be overstated or understated. On the other hand, if Value Approximately the same in all proposals, then, therefore, the price order for land in this area was formed and these figures can be confidently used.


In assessing the value of land, the parametersSite. Its size and shape. Too small or too large a site is more difficult to sell, as this is a specific offer, and you may have to dump to not miss the customer. The shape of the plot is also important. Ideally, it should be a square shape or in the form of a not very elongated rectangle. Uneven sides or excessive elongation of the site are less convenient and reduce it Value. If you have this situation, then look at how much lower Value Similar land plots. In the absence of similar offers for sale in your area, you can see others in order to calculate the overall percentage of land cheaper in this planning.


Convenience of travel to the land also affects its Value. The longer and more inconvenient to go - the cheaper.


A very important role is played by the availability of communications -Gas, electricity, running water. You can see similar proposals for sales, or simply add to the cost of land the amount that would cost the conduct of these communications. In case they are not on your site, and on similar there is - subtract them Value Of the total.

How to estimate the cost of a plot of land Was last modified: May 23rd, 2017 By Homhiezq
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