Land Assessment Techniques

Abstract

An assessment report may involve the assessment of unimproved land (the land that is developed for agricultural or development purposes), the land that constitutes a site (land set up and ready to be used for a specific purpose) or the land component of a built property. In each of these cases, the Valuer must describe and analyze the land in question. A description of a land or site is a detailed list that includes: legal description, other titles and information on the physical characteristics of the land. In the land or site analysis, this information is carefully studied in relation to the neighborhood characteristics that influence the usefulness and tenacity of the land or site are useful in determining the best use (considered as free) and in estimating the value of the land.