The Dynamic Factors Affecting Land Value

Land, as an investment, has physical characteristics that distinguishes it from all other assets. Those characteristics include the following.

Land is unique in location

You may have heard it said the three things that affect real estate values are location, location and location. Value based on location is affected by physical characteristics of the property and on the socioeconomic characteristics of the surrounding area.

The following is an example of a physical characteristic. Fifty years ago, a farm with a stream was desirable. Quite often there was a stream going through the barnyard....