Physical Factors Flashcards

0
Q

Waterfront property is usually more valuable; swamps prone to flooding are less valuable. Lack of city water can also make real estate less desirable.

A

Water

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1
Q

This can affect the value of a particular property, as well as all land in an area. Hilly land may not permit desired building. Land to flat may be deemed to not have character.

A

Topography

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2
Q

Real estate in a growing neighborhood, city, or region is usually more valuable than in a declining area

A

Location

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3
Q

This can impact real estate value as areas go out of favor because of popularity, jobs, climate, or a host of other reasons.

A

Popularity

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4
Q

Soil composition that makes the ground unsuitable for building can have a negative impact on value. So can the presence of underground storage tanks. Positive attributes could be the presence of a natural waterway or a man-made lake. External factors can affect the entire area.

A

Environment

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