How Land Use Development Can Impact Property Value?
How Land Use Development Can Impact Property Value?
By Realtor Samuel Lao
Expanding on the fifth impact of land use development on businesses, changes in property values can have a significant effect on a business.
If land use development results in an increase in property values, it can benefit a business by making their property more valuable and attractive to investors. This can provide the business with more financing options, allowing them to make improvements, expand their operations, or even sell the property for a higher price.
However, if land use development results in a decrease in property values, it can be harmful to a business. This can make it more difficult for the business to secure financing, as lenders may be less likely to lend money against a property with declining value. Additionally, a decrease in property value can also affect the business's ability to sell the property in the future, potentially impacting their financial stability and future growth prospects.
Therefore, it is important for business owners to be aware of how changes in land use development and property values can impact their operations and make strategic decisions that support their long-term success.
"About the Author: Samuel Lao is a Real Estate Broker with 14 years of experience in the field. He is a Past National President of the Philippines Association of Real Estate Board. He specializes in Real Estate Investment, Commercial & Industrial Real Estate, Property & Asset Management, and Real Estate Finance & Mortgage. For 1on1 Meeting, contact him WhatsApp at +639173236123 or laosamuel@yahoo.com, or visit his website at www.phmls.com"
Tags: Land Use Development City planning Zoning Ordinance Zoning Board Market value Land classification Appraisal value
