Factors Considered in Land Valuation
Here are key considerations:. Location Significance: Location is paramount in land valuation. Urban properties, like those in Nairobi, typically hold higher value than rural or suburban counterparts. Proximity to infrastructure like roads, industries, schools, or major developments significantly elevates property worth. Land Type Classification: The land is often classified as residential, commercial, or agricultural. Commercial land tends to be more valuable due to its income-generating potential.
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