Correction to basic value of arable land in regard of area smaller than the standard area

key words: Real estate evaluation, configuration of arable area

Summary:

Author made cost-analysis of both cost of cultivation related to configura-tion of arable area and costs of standard areas being as models of the above men-tioned costs and additionally components of the first mentioned cost were ana-lyzed. On the basis of the analysis, a correction to the basic value in regard of area smaller than the standard area was defined. The correction corresponds to negative increase value caused by small area. The value of the correction is in line with the area being under consideration and is reversely proportional to the stan-dard area.
This correction might be leveraged when caring-out real estate evaluation of rural areas in approach of comparing method by pairs comparison.

 

 

Citation:

Mielewczyk S. 2011, vol. 8. Correction to basic value of arable land in regard of area smaller than the standard area. Infrastruktura i Ekologia Terenów Wiejskich. Nr 2011, vol. 8/ 04