29 October 2012

How to determine if and how much impact to value?

It is always a challenge to consider the impact a proposed road widening will have on a property. Sometimes designs are amended when the view on the ground makes an impact quickly discernible. But how do you know what impact, if any, there is to value?

After thorough analysis and review of the relevant literature, sometimes simple is better. If we are taking 20% but that reflects 1/2 of a businesses display space, then the impact is likely closer to 50% than a quarter of the value.