tailieunhanh - COMMERCIAL REAL ESTATE INVESTING Chapter 3-4

Bằng sự hiểu biết các yếu tố bao gồm trong chương này, bạn sẽ học cách nhận ra làm thế nào để tận dụng lợi thế của một tình huống khi phát sinh, . | CHAPTER 3 What Makes Real Estate Value Go Up or Down The goals of this chapter are To Demonstrate the Key Factors that Cause Real Estate Values to Go Up or Down To Learn How to Take Advantage of These Factors and Avoid Their Downside Consequences The factors that affect the value of real estate are generally obvious once they are at work causing real estate to rise or fall in value. It s important to understand exactly what those factors are and how they can cause the value to move either up or down. The key to success in real estate is to use this knowledge in determining when and what to buy and how to maximize your profit on a sale. Interestingly the same factor can 31 COMMERCIAL REAL ESTATE INVESTING cause one property to go up in value while causing another similar property in the same town to go down in value even if it is just across the street. Ironically most of the factors do not just suddenly appear. They are elements that have been in place for years such as local zoning or building codes. Those and other factors may not be noticed or their real impact not unleashed until the owner of a property attempts to take advantage of what he previously thought was the property s real value. By understanding the six factors covered in this chapter you will learn to recognize how to take advantage of a situation when it arises as well as how and when to avoid potential problems that could diminish the value of a property you are about to purchase. Key Words and Concepts to Build Your Insider Knowledge Community Planning Departments of Transportation Fire and Health Codes Lack of Concurrency Land Use Changes Condemnation and Eminent Domain Proceedings Building Moratoriums Economic Obsolescence The Rule of Small Community Planning Nearly every community in the United States Canada and most of Europe has some form of community planning. Within cities this may come in the form of a planning and zoning department that deals with matters such as How is this city to be .