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Nature of Property

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Professional 127.241 Mindmap am Nature of Property, erstellt von Eve Prouse am 26/05/2015.
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Zusammenfassung der Ressource

Nature of Property
  1. Physical Characteristics
    1. 1. Land
      1. Shape, size, topography, views, exposure to sunlight, winds
        1. Soil richness & load bearing capacity
          1. Value depends on:
            1. Cost making land productive
              1. Profitability for intended use
                1. Cost of purchase in comparison
              2. 2. Improvements
                1. 'to' & 'on' land --> value
                  1. Controls & conformity
                    1. Improvements should max. value
                  2. Institutional Characterics
                    1. Legal Rights
                      1. Constraints & controls e.g. RMA
                      2. Economic Characteristics
                        1. Immobile/fixed
                          1. Services' limited to geographic area
                            1. Thin trading makes trends hard to spot
                              1. Heterogeneous
                                1. Large deposit
                                  1. Durability (permanence)
                                    1. Scarcity
                                      1. Uproductive alone
                                        1. Value is residual
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