Commercial Property Appraisals – Expertise Across All Asset Types
Land Valuation
Welcome to Worth Valuations, your premier partner for land valuations. Land appraisals are complex and require a unique set of skills and insights. At Worth Valuations, we excel in understanding the nuisance associated with land assets.
Our Specialization
The Worth Valuations Approach to Land Valuations
1. Highest and Best Use Expertise:
George Koiso, MAI and Pedro Chin have more than 50 years of combined experience, an unparalleled amount of experience they bring to every valuation assignment. Land valuations are inherently complex because they can require a thorough consideration of the Highest and Best Use. At Worth Valuations, our appraisers are adept at uncovering the full potential of the subject site.
2. Legal Permissibility:
Understanding what is legally permissible to construct on the land is crucial. In the past few years, City, County, and State laws have changed, impacting the legal permissibility of many sites. Beyond the base zoning law, our appraisers understand how to navigate the intricacies of additional regulations, ensuring accurate land values.
3. Density Bonuses and Affordable Housing Programs:
Properties with multifamily potential often involve density bonuses and affordable housing requirements. Worth Valuations is well-versed in navigating these complexities, including covenant agreements and knowledge of affordable housing programs such as HAP, ED1, Section 8, Project Homekey, LIHTC, and more.
4. Limited Comparable Data
Land sales data can be limited, requiring a higher level of judgment from our appraisers. Worth Valuations employs a strategic approach, leveraging our experience and market knowledge to make informed determinations on land value even when comparable data is scarce. Further, many of the land sales do not show up on commonly used databases. Our extensive local network often allows us to obtain this data or information, allowing us to provide more accurate assignment results.
5. Construction Costs and Financial Feasibility:
Accurate land appraisals require a deep understanding of construction costs and financial feasibility for potential developments. Our appraisers at Worth Valuations possess the expertise needed to determine the financial viability of proposed projects, ensuring a comprehensive valuation.
Why Choose Worth Valuations for Land Valuations:
At Worth Valuations, our team brings a unique blend of expertise, experience, and dedication to every appraisal assignment. With over 50 years of combined experience, our appraisers excel in navigating the complexities of land valuations, ensuring accurate and comprehensive assessments. Our deep understanding of legal regulations, density bonuses, and affordable housing programs sets us apart, allowing us to provide precise valuations even when comparable data is scarce. Trust Worth Valuations to deliver insightful, reliable, and trustworthy land appraisals that meet your specific needs.
Elevate Your Land Valuation Experience:
Contact us today to experience the Worth Advantage in land valuations. Let our experienced team guide you through the intricacies of land appraisal, delivering accurate and reliable valuations of land assets. We are committed to providing you valuations and services you can trust.
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