The land evaluation report determines the value of the real estate by experts. Thanks to the land valuation, all factors affecting the value of the real estate are analyzed. This analysis is presented to the person requesting the evaluation with an official report. The report aims to determine the price of buying and selling transactions.
What Is Land Valuation Report?
The land evaluation report evaluates all the qualities of land by analyzing it. All features of the land are included in this report. In this way, the actual value of the land is revealed. All analyzes of the land must be contained in this report prepared by experts. It is necessary to compare the land with its peers while preparing the evaluation report.
For the land evaluation report in Turkey, meeting with some official institutions affiliated with the state is necessary. Experts appointed by official institutions analyze the evaluation report, prepare it and present it to the requester.
What Is Land Value Determined According to?
There are several essential steps to be taken for the land evaluation report. Some principles play an active role in the preparation of the report. While evaluating the land, the criteria listed below must be taken into account:
- Zoning status of the land
- The geometric shape of the plot
- Area of the land
- Slope characteristics of the land
- Parcel value of the land
- Facade features of the property
- Infrastructure opportunities in the place where the real estate is located
- Transport facilities in the area where the property is located
Each of the above factors plays an active role in preparing the evaluation report. Experts determine the value of real estate based on all these factors.
What Are the Factors Affecting Land Value?
While preparing a land evaluation report, some additional factors can affect the report. In addition to the factors listed above, the following elements must be taken into account when evaluating the land:
- Whether there is urban transformation in the area where the real estate is located
- Values of another real estate around the real estate
- Topography of the area where the land is located
- The economic structure of the region where the land is located
- Socio-cultural structure of the area where the land is located
The factors mentioned above also play an active role in the correct preparation of the report. This way, the real estate's total value will be revealed.
Where to Apply for a Land Value Report?
There are consulting companies that you should apply for a land evaluation report. Firms approved by the Competition Authority of Turkey are responsible for providing you with the necessary support for land valuation. By contacting us, you can get more comprehensive information on the subject and get help from us to prepare the report.
Who Can Provide a Land Evaluation Report?
The person who will prepare a land evaluation report must have received all training in this field. It is also essential that the persons assigned to prepare the report have a license. The report, which experts should prepare, is expected to have a completely objective point of view. Otherwise, the report will be deemed invalid by the authorized institutions.
Contact us to get more information about the land evaluation report.
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