How do you Value Land?

publication date: Jul 5, 2012
author/source: Kate Faulkner, Property Expert and Author of Which? Property Books

How do you Value Land?

How to be a Property Developer

We regularly answer various types and subjects of property questions from consumers for FREE via our Property Forum.

Here's a taste of one of the many property queries we have answered: recently-

Q - I have purchased a property with some land. I have a developer that wants to take an option and just wondered if there were any do's and don'ts I should be aware of. Also the price I think is a bit low.  READ THE FULL QUESTION

A - It’s difficult to be able to give you a view on the price without any information about the land, where it is, what they’ve valued it at and whether you can push up the price.

The key dos and don’ts for developing land however are to secure a good team of professionals around you that know the area well, have dealt effectively with the local planners and understand development finance. Typically the best way to secure the highest price is to have several developers competing for the land, rather than just one.  ANSWER CONTINUED HERE


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