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Land Valuation The Value of land for development depends on a number of factors. For example, what can be built there and what likelihood is that planning permission would be granted. Also, there is a myriad of potential costs in development, so assessing these carefully helps determine the costs related to the plans.
The
valuation of raw land presents unique
challenges.
A
reasonable expectation for a developers profit will vary depending on the scale and location of the development
Land valuation process essentially consists of two parts: Determining the highest and best use for the land Applying the appropriate valuation technique
Valuation Methodology
How We Can Help Western Valuers can provide a residual land valuation detailed report along with sensitivity analysis to help our clients understand the options available to them and the implications of each.
Western-valuers.com
There are two recognised approaches to the valuation of development land: The Comparison method- comparison with the sale price of land for comparable development The residual method – which involves an assessment of the value of the scheme as completed and deduction of the costs of development (including developer’s profit) to arrive at the underlying land value.
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+971 4 220 8174