Tuesday, September 27, 2011

Assessment of land (plots)

As a general rule, when it comes to land valuation, determine a market value of the property rights to land, or lease agreements. How is the assessment of land? In assessing the land is primarily based on its location, the influence of external factors and market conditions. In addition, taking into account the expected value, duration and probability of making a profit from the exploitation of the land with the most efficient use, excluding income from other types of production involved more land for business activities. The market value of the site changes over time, so the valuation of land held by a specific date. When you change the target destination site (permitted uses) its market value also changes. Land valuation is carried out based on the principle of the most efficient use of land. This means that the market value of land is determined on the basis of such use of the site, which is most likely physically possible, reasonably justified, the relevant requirements of current legislation and financially feasible, resulting in a maximum expected value of the cost of land. In this case, perhaps a reasonable division of land into separate parts, different shapes, appearance and character of use. The most efficient use of land may not coincide with its current use. In determining the most efficient use of land should be taken into account: its purpose and permitted use, the predominant mode of land use in the immediate vicinity of the assessed land, expected changes in the market of land, existing land use. What features of assessment of land? Assessment of land settlements (towns, villages and other settlements) on the basis: an analysis of market data on sales transactions, rents, prices of proposals for real estate (including vacant land); information about engineering-transport infrastructure, social facilities and community service, state of the environment, historical, architectural and aesthetic value of landscape, landscape and recreational value of the territory. Evaluation of agricultural land is determined based on the actual yield of major crops, hayfields, pasture productivity, perennial plantings, the crop pattern, the selling price of agricultural products in the region of the Russian Federation and the necessary costs of production of major crops. Score plots of land in suburban cooperatives and horticultural associations conducted on the basis of price analysis of sales transactions, or offer prices for undeveloped areas, the intensity of traffic, availability of electricity and gazovodosnabzheniya, remoteness from major centers of infrastructure, environmental conditions in the area, other factors affecting value of the land.

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