Suggested Reading
Land Valuation
Land Valuation: Adjustment Proceures and Assignments,
by James Boykin, Ph.D.
In his book about land valuations, James Boykin, PhD, MAI talks about studies that show the degree of value change as
nearby amenities improve. For example:
- Lots with lagoon frontage sold for 155% of lots without frontage.
- Marsh front lots sold for 260% more than lots without marsh front.
- Deep-water lots sold for 715% more than lots without this feature.
- Moreover, oceanfront lots sold at even higher multiples.
Additionally, increased beach width positively affected oceanfront land values, as did sheltered areas versus exposed
lots (with strong winds), and deep-water lots versus shallow water lots. Views were another positive influence and value
increased as the extent and quality of the views increased.
Land Valuation: Adjustment Procedures and Assignments was published in by the Appraisal Institute. It is available on
amazon.com through the link below
http://www.amazon.com/exec/obidos/ISBN%3D0922154643/informaonbasicskA/104-1886484-9988728