MMP122 Lecture Notes - Lecture 5: Natural Disaster
Document Summary
Process of identifying the reasonably probable and legal use of vacant land or improved property, which is physical possible, financially feasible and results in the highest value as of the date of the examination. Aim to maximise profit from land by determining what will provide maximum profit. Hbua is for continued residential use (usually due to construction costs outweighing future value). Market analysis : a process for examining the demand for and supply of a property type and the geographic market area for that property type. Marketability analysis : a process that investigates how a particular piece of property will be absorbed, sold, leased under current or anticipated market conditions (includes a market analysis) Public - zones, overlays: physically possible size, land, access, risk of natural disaster, utilities, frontage, financially feasible costs, returns, availability of or access to finance, maximally productive highest profit in regards to market and timing.
