Publication details
Determination of the influence of conditions for the buildings placement on the value of the land using HABU method
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| Year of publication | 2017 |
| Type | Appeared in Conference without Proceedings |
| MU Faculty or unit | |
| Citation | |
| Description | Contribution follows the issues included in the contribution “Influence of a possibility to emplace a building and a type of a building being placed on the value of the land” published in the conference proceedings SGEM 2016. The contribution is focused on issues related to the conditions for the building placement on the land. It examines what conditions must be met to place a building, in response to various forms of placement permits. The conditions of the building placement determine the type of a building being placed and the way of its future use. In general the conditions have a crucial impact on the value of the land. The authors focused on the issues from the perspective of the valuation and also in terms of potential emplacement of certain types of buildings on specific lands. The conditions for the building placement determine the particular type of a building that is allowed to be placed. The authors focused on the valuation of impacts (conditions) using method “High and best use“(hereinafter “HABU”), because the basic principle of this method is to evaluate the future use of the land and thus determine profitability of land as a future investment. The HABU method evaluates in total four criteria, namely whether the proposed future land use is legally permissible, physically possible, financially reasonable and most productive. Conditions which determine the possible type of a construction are essential for solving the first criterion "legally permissible". The paper lists the basic procedures and formulas of the HABU method so that it is possible to determine the value of the land and evaluate the impact of the type of buildings on the land price with reasoning. At the end the method is applied to a particular example. |
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