Analyzing the Differences of Land and Real Estate Values.
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The purpose of this research paper is to analyze the differences of land and real estate values. I will attempt to identify the different factors and characteristics that make up these values and by doing this, I will have a better understanding of how to raise or maintain the property value in a given area. This is a difficult subject to address because there are so many factors included. In order to keep it somewhat simple, I will place my focus strictly on residential zones rather than trying to include commercial and industrial zones in my assessment. Many of the factors included in one's property value are externalities that are beyond a landowner's control such as the geography and the location of the area. Other externalities include such things as crime rates, neighbors land values, quality and quantity of surrounding development, and city programs.