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New Appraisal Institute Book Explores Solutions to Complex Land Valuation Issues

May 24, 2022 08:30 AM

CHICAGO (May 17, 2022) – Appraisers encounter many situations in which the value of land must be estimated, and some of these situations can present complex challenges, according to a book published by the Appraisal Institute, the nation’s largest professional association of real estate appraisers. 

Land Valuation: Real Solutions to Complex Issues" reviews basic land valuation techniques (extraction, allocation, land residual, and ground rent capitalization) and presents advanced and non-traditional methods to help appraisers solve complex land valuation problems. After first reviewing the importance of market analysis and the traditional ways of valuing land, this book explores more advanced techniques for valuing the fee simple and leased fee interests in land. The discussion of these topics is supplemented with seven complete case studies and accompanying spreadsheets. 

Learn how to value land, or a leased fee interest in land, when:  

  • The highest and best use is uncertain or not currently feasible. 
  • The land is subject to a long-term ground lease.  
  • Developers want to know how much they can pay for land. 
  • Traditional units of comparison are not relevant. 
  • The land is contaminated. 
  • Buyers make land purchase decisions based on cost.

"This book focuses primarily on urban and suburban land suitable for commercial development, including multiunit housing and residential subdivisions. Real estate appraisers and consultants, real estate agents, landowners, land use planners, developers and investors can all benefit from the information presented,” Appraisal Institute President Jody Bishop, MAI, SRA, AI-GRS, wrote in the book’s foreword.

“Land Valuation: Real Solutions to Complex Issues” (ISBN: 9781935328865) is a 194-page soft cover book. It is available for $95 ($75 for Appraisal Institute professionals). Call 888-756-4624 or order online.

 

 

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The Appraisal Institute, celebrating its 90th anniversary in 2022, is a global professional association of real estate appraisers, with over 16,000 professionals in almost 50 countries throughout the world. Its mission is to advance professionalism and ethics, global standards, methodologies, and practices through the professional development of property economics worldwide. Organized in 1932, the Appraisal Institute advocates equal opportunity and nondiscrimination in the appraisal profession and conducts its activities in accordance with applicable federal, state and local laws. Individuals of the Appraisal Institute benefit from an array of professional education and advocacy programs, and may hold the prestigious MAI, SRPA, SRA, AI-GRS and AI-RRS designations. Learn more at www.appraisalinstitute.org
 
 

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