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It is associated with the choice of production that promise the highest value/return for the use of the land.
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When a firm is considering how it's goods will be produced what must it first consider?
how to best use the land to which it has access
Explain the interrelationship between property utility and highest and best use?
The interrelationship between the 2 concepts " property utility" and :highest and best use" is simply to attain the highest and best use of a property, the appropriate property utility factors must be taken into consideration. The property must be appropriately supported and financially feasible.
What is the Interrelationship between utility and best use?
Property utility and highest and best use are both concepts in real estate and property valuation, and they are interconnected in the sense that the highest and best use of a property is closely related to its usefulness or satisfaction that a property provides to its owner or user.
When firm is considering how its goods will be produced what must it first consider?
how to best use the land to which it has access
What do land economist do?
A Land Economist is an economist who specializes in research and analysis of land and the associated markets. They often use economic and financial analysis to study the issues associated with land use such as land ownership land value and land use rights. Land Economists also analyze the impacts of land use changes such as urban development and gentrification as well as the effects of governmental regulations on land use. They use their research and analysis to advise stakeholders on land use decisions such as zoning development and land-use policy. Analyzing land ownership and land use rights Researching the impacts of land use changes such as urban development and gentrification Examining the effects of governmental regulations on land use Advising stakeholders on land use decisions such as zoning development and land-use policy
What is meant by land-use succession and how can it be established?
succession in land use is a continuous process that drive land toward its highest and best use
What is succession in land use?
Is the gradual changes in the use of land from one person to another and from time to time in order to result in its highest and best use
When developing an opinion of highest and best use land is appraised?
Location, Location, Location. It depends on what type of proeprties are in the neighborhood. Are they businesses, homes, factories..etc....? You have to examine your comparables to determine what the highest & best use of your subject property is.
How do ecologists use the ecological footprint concept?
The ecological footprint concept calculates how much land it takes to support one's daily activities by area. The United states has the highest footprint at 25. Germany has 13. India ranks at 2.
What is the use of theories?
The theory of consistent use is used in the appraisal of real estate. It means:The concept that land cannot be valued on the basis of one use while the improvements are valued on the basis of another. The concept of consistent use must be addressed when properties are devoted to temporary interim uses. Improvements that do not represent the land's highest and best use but have substantial remaining physical lives may have an interim use of temporary value, no value at all, or even negative value if substantial costs must be incurred for their removal.77 The Dictionary of Real Estate Appraisal, Fourth Edition, Appraisal Institute, Chicago., IL
What is the Theory of consistent use?
The theory of consistent use is used in the appraisal of real estate. It means:The concept that land cannot be valued on the basis of one use while the improvements are valued on the basis of another. The concept of consistent use must be addressed when properties are devoted to temporary interim uses. Improvements that do not represent the land's highest and best use but have substantial remaining physical lives may have an interim use of temporary value, no value at all, or even negative value if substantial costs must be incurred for their removal.77 The Dictionary of Real Estate Appraisal, Fourth Edition, Appraisal Institute, Chicago., IL
What continent has the highest proportion of land with no widespread use?
antartica
Which continent has the highest proportion of land use for ranching and herding?
asia
In southeast Asia the highest population densities are found in which land use areas?
Singapore
When a firm is considering how it's goods will be produced what must it first consider?
how to best use the land to which it has access
Explain the interrelationship between property utility and highest and best use?
The interrelationship between the 2 concepts " property utility" and :highest and best use" is simply to attain the highest and best use of a property, the appropriate property utility factors must be taken into consideration. The property must be appropriately supported and financially feasible.
What is the Interrelationship between utility and best use?
Property utility and highest and best use are both concepts in real estate and property valuation, and they are interconnected in the sense that the highest and best use of a property is closely related to its usefulness or satisfaction that a property provides to its owner or user.
