Question

Land values are never penalized due to functional problems in existing buildings because_____________.A. Buildings can be moved or alteredB. Buildings do not contribute valueC. Land can changeD. All of the above

Answer 1

Land values are never penalized due to functional problems in existing buildings because Buildings can be moved or altered(A)

Explanation:

Land Value gives us a picture about the worthiness of a land or a Plot,but when we calculate the land value we do not take into consideration the buildings on the land

The factors that affect the land value of a land are

• The future development potential around the land
• Accessibility of the land to the economic activities
• What are the natural and the Man made Amenities near the land
• Various assets available on the land(Like its a Pasture or Crop Land)
• Proximity of the land to the near by attractions

Answer 2

Land values are never penalized due to functional problems in existing buildings because A. buildings can be removed or altered.

Explanation: