Valuing Vacant Land and Undeveloped Sites: What You Need to Know
Valuing vacant land or an undeveloped site is a different ball game compared to evaluating built properties. Several unique factors come into play, affecting the overall valuation. This article delves into these variables such as site dimensions, zoning, access, and utilities, to help you understand how they determine the value of vacant land. Site Dimensions and Vacant Land Valuation When it comes to vacant land valuation, size does matter. Generally, larger parcels of land attract higher valuation figures, but it’s