PPT HIGHEST AND BEST USE PowerPoint Presentation, free download ID3461319

High And Best Use. Principle of Highest and Best Use Real Estate Exam Prep Appraisals YouTube For example, we cannot construct a building as high as Burj Khalifa on 1,000 SqM site Business and residents moved away from the area, and its current use as retail space may no longer be the highest and best use of the property.

To illustrate how highest and best use works in practice, consider an old 1920s brick building in the central business district of a small city Most of the time it boils down to engineering - the cost.

PPT HIGHEST AND BEST USE PowerPoint Presentation, free download ID246716

The concept of the "highest and best use" goes beyond traditional valuation methods to explore the most profitable and efficient use of a property The highest and best use (HBU) concept in real estate refers to the most value-added use for a property - to what is physically possible and financially feasible Highest and best use analysis produces the highest value for a property based on the concept of maximum productivity.

Why is Highest and Best Use So Important to the Appraisal Process?. The highest and best use valuation method has more application in real estate, where the parties determine the best use of the property that will yield higher returns.In short, they understand the relationship between returns and usage For example, we cannot construct a building as high as Burj Khalifa on 1,000 SqM site

PPT Highest and Best Use Decisions PowerPoint Presentation, free download ID1264709. Highest and best use (or highest or best use; HBU) is a concept in real estate appraisal that originated with early economists such as Irving Fisher, who conceptualized the idea of maximum productivity Highest and best use analysis produces the highest value for a property based on the concept of maximum productivity.