Valuation of plots – which factors affecting the valuemay differ from settled properties?

Sammanfattning: A realtor faces valuations of houses and apartments almost every day, but one thing that is not as common is valuation of plots. We think that the absence of parameters, which the valuation is based on, would aggravate the valuation of the plot in comparison to valuation of a settled property. How do the local plan’s terms affect the value of the plot and do the prospective buyers get discouraged by high costs, such as costs to build roads in the community, which apply to the price of the plot? How does the valuation process differentiate from the agency process? Do the municipality’s terms differ from each other and how do these affect the plot value? The knowledge regarding valuation is important to a future realtor and real estate developer, which are our future professions. The reason why the essay is focused on plots is based on the fact that plots are not as common as house properties. To demonstrate the valuables, which affect the value the most, is both crucial and interesting due to the fact that valuation of solely plots is not as common in professional life, as mentioned early. The results of the interviews show that the location is the parameter which affects the value the most, regarding plots. The location is closely followed by the plot’s construction rights. The deficiency of parameters to proceed from when valuating does not seem to be an aggravating fact for the realtors. Additional costs which are difficult to evaluate, such as blasting costs, do however complicate the work. The value of a property is not necessarily equal to the selling price due to the fact that the value is an estimated probable price, while the selling price is an actual observation on the market. To get the highest price possible when selling a plot, you need to find the right buyer, at the right place, at the right time. This scenario is very hard to achieve and leads to the fact that the market value is the most suitable value to proceed from when selling a plot.