Land Appraisal in Edmonton
Before entering into any contract or business relationship it’s important to have all the information. At Landucation Appraisals we’ve made it our business to know the value of Edmonton land so that you can have everything you need at your fingertips before buying or selling a property.
When pursuing residential appraisal, we keep our clients’ budget in mind and work on their side to ensure they don’t get cheated on any deals. We do the same with commercial appraisal, while taking a larger scale approach keeping in mind that land is a long-term asset that will continue to have value should the company or individual choose to liquidate.
Landucation Appraisals has been operating in the Edmonton area for over 25 years now. When you’re looking to get educated and make the best deals—residential or commercial—give us a call.
The Importance of Land Appraisal
Researching local appraisers before investing in a property is especially important when financing is involved. If you are looking for a loan, your source will require accurate information from a professional appraisal company before you can even start dreaming of getting that investment.
Working with income, cost, and sales comparisons, we’ll provide you with a fully fleshed out and reliable document detailing your property of interest’s true market value.
Your lender will need to know what sort of revenue the property can produce, mostly in the case of commercial appraisal, as well as the accuracy of its sale price, and finally, what similar parcels are selling for in the same region.
While these three methods are something many Edmonton land investors may think they can research on their own, it’s not so simple. When there’s a structure or two on the property it becomes easier, but vacant land is ambiguous and therefore the additional support of experienced appraisal companies to determine cost is something you’re going to need to invest in.
Land Appraisal Cost
Land appraisal cost varies greatly from case to case. A residential appraisal for example will be more affordable than a commercial one as there are less factors to consider.
At Landucation Appraisals we like to keep our rates competitive but if you’re looking for a general idea of what you might spend, the natural average is $328. Most of our clients pay between $287 and $373 with larger jobs working up to a high end of $450. Considering the amount that can be lost without the assistance of local appraisers, it’s a small investment to make in your financial future.
Three Scenarios Where You Might Require Land Appraisal in Edmonton
Landucation Appraisals has over 25 years working as a property appraiser in the Edmonton area. And over those 25 years we’ve seen it all! Helping so many clients achieve their real estate dreams (and higher real estate values) means we’ve run into a lot of unique scenarios when someone needed land value appraisal. Here are some of the more common ones you might experience:
Development Changes the Value of Your Property
Okay, so it’s not likely that Edmonton is going to become a popular cottage destination for Canadians anytime soon. But with the population always growing, there’s always new developments. Maybe that unused tract of land you’ve held is smack dab in the middle of a potential new development project, or the development eats up all the green space nearby, leaving your land as the perfect spot to build a tiny rustic cottage in the woods.
Whenever a new real estate development happens, there’s a possibility that real estate values go up nearby. New amenities such as community centres, suburb projects, or malls can drive your land value in a positive direction. Or perhaps a potential developer has done some commercial appraisal and wants to build on or near your property. These are all common scenarios that might lead you to the expertise of a property appraiser like Landucation Appraisals.
Often we are called in to help with land value appraisal when clients have suffered a loss in the family. Usually, a given piece of land might be changing hands and the family wants an updated idea of the commercial appraisal or home appraisal of the potential of the property.
At such a sensitive time, you want to entrust a property appraiser who is discreet and experienced. We have many years handling such cases and are happy to help you and your family find the answers you need.
It seems like natural resource development in Alberta never stops! Our beautiful province has been blessed with some of the richest resource deposits on Earth. What do you do if a resource extraction company offers you something for your land? You call an appraiser, that’s for sure.
We have been successfully appraising land, homes, and businesses in the area for over 25 years, so you can rest assured when you trust us we are always going the extra mile for our customers.
Dealing with a land appraiser is something many people don’t have much experience with. We’re always trying to make it easier for potential clients to get the land valuation they deserve. That’s why we’re always happy to answer any questions over the phone.
We can go over any initial questions you might have as well as discuss the basics like the property size and location. And of course, all initial consultations are without obligation. You’re free to seek a second opinion and we won’t begin work until all terms and conditions are clear with both of us.
Experienced Edmonton Professionals
When it comes to appraisal companies, Landucation Appraisals is no newcomer to the industry. Opening our doors in 1992 we’ve been working with home and business owners for over 25 years to help them make the best, and most well-informed choices when it comes to purchasing land.
If you’re new to home ownership or investing, that’s not a problem. Just give us a call today and we can answer any questions you have before proceeding with the land appraisal. We can’t wait to hear from you!