Analyzing the Differences of Land and Real Estate Values.
Subjects
GeographyAbstract
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.