Valuing rural properties or agricultural buildings allows you to predict or estimate a fair and balanced value, regardless of the chosen valuation method. Therefore, the main objective of this assessment is to make an estimate prepared for this purpose so that it is the closest to the real value of the rural property/agricultural land in question.
What Are Rustic Buildings?
Rustic buildings are on agricultural land, not built or only with low-value construction and an accessory nature, such as a building for agricultural storage (storage rooms).
What Does The Valuation Of A Rustic Building/Agricultural Land Depend On?
The taxable asset value of buildings located in rural buildings, which are not allocated to the production of agricultural income, is determined by the rules applicable to the valuation of urban properties.
- cheap agricultural land, how to evaluate agricultural land
- Variables on which the valuation of a rustic property/agricultural land depends
- Whether the property is fenced or not
- Good access
It is essential to confirm whether the agricultural land has direct access via a path or road in front of it or if, on the other hand, access to the agricultural land is conditioned by passing through another agricultural land. The available width and slope of the accesses used to move to the agricultural land can condition the circulation of several vehicles.
- climatic characteristics
- Orography and topography of the land
- Agricultural land with an irregular shape has a lower utilization rate and, for this reason, is not valued as much
The position of the land about street level (if applicable) must also be considered. In other words, whether the land is at a higher or lower level compared to street level is a factor that should deserve the greatest attention from the agricultural land appraiser. Note that agricultural land with a steeper slope may require higher investment costs. The orientation of the agricultural land can, in the same way, condition the possibility of construction in the function of the aggressiveness of the climate that can be verified in that place. The orientation of agricultural land determines the type of exposure to the sun, which affects the volume and shape of buildings.
Regarding this point addressed, it is easy to conclude that agricultural land that is flat and located in a floodable area and with a low water table can cause an increase in associated costs since more corrective drainage interventions are associated. For this, the proximity of water lines is an aspect to be considered.
Availability Of Water On Agricultural Land
As stated in the previous topic, the proximity of water lines (wells, holes, ponds, etc.) is an aspect to consider since it greatly values the final price of the land. In addition, the land where water is more easily available is usually more productive.
- Existence of infrastructure
- Proximity to the main urban centers
- Proximity to the sea or not
- Proximity or not to leisure areas
- Among others
- Existence of infrastructures
- Proximity to the sea or not
- Proximity to the river or not (potential leisure activities)
- Proximity to major urban centers
- Good access or not
- how to value a farmland