Land values are never penalized due to functional problems in existing buildings because Buildings can be moved or altered(A)
Step-by-step explanation:
Land Value gives us a picture about the worthiness of a land or a Plot,but when we calculate the land value we do not take into consideration the buildings on the land
The factors that affect the land value of a land are
- The future development potential around the land
- Accessibility of the land to the economic activities
- What are the natural and the Man made Amenities near the land
- Various assets available on the land(Like its a Pasture or Crop Land)
- Proximity of the land to the near by attractions