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For example, assume that "House B" has a value as a house of $200,000, and a site value as a commercial lot of $250,000 with a cost to demolish the house and prepare the site at $25,000. The highest and best use of the site is to demolish the house and sell the site as a commercial lot.
Property management is the operation, control, maintenance, and oversight of real estate and physical property. This can include residential, commercial, and land real estate. Management indicates the need for real estate to be cared for and monitored, with accountability for and attention to its useful life and condition.
Real estate appraisal, property ... owner or a prospective owner for individual investment or operational objectives. [1] ... example of this is an owner of a ...
The objective of planning land use is to influence, control or direct changes in the use of land so that it is dedicated to the most beneficial use and maintains the quality of the environment and promoting conservation of the land resources.
Real estate economics is the application of economic techniques to real estate markets. It aims to describe and predict economic patterns of supply and demand . The closely related field of housing economics is narrower in scope, concentrating on residential real estate markets, while the research on real estate trends focuses on the business ...
Real estate is property consisting of land and the buildings on it, along with its natural resources such as growing crops (e.g. timber), minerals or water, and wild animals; immovable property of this nature; an interest vested in this (also) an item of real property, (more generally) buildings or housing in general.
Real estate development – Process that creates or renovates new or existing spaces; Subdivision (land) – Divided piece of land; Subsurface drainage – A system by which water is drained on; Sustainable agriculture – Farming approach that balances environmental, economic and social factors in the long term
The Real Estate Authority ... REA is responsible for 15 primary objectives. [12] The responsibilities, according to the Real Estate Agents Act of 2008, [12] ...