The professional disciplines of property appraisal and land use planning directly affect each other. Highest and best use - a defining concept of property appraisal - cannot be accurately determined without knowing how local land use plans, policies and regulations affect the future of an area and development of a specific site. In addition, land use planning can directly affect property values, as plans and regulations interact with markets.
Land use planning and regulation, in turn, may not be successfully implemented without understanding the real estate market and property values. This is especially true when the character and uses are planned to change through redevelopment.
Throughout this course, students will gain an understanding of:
Case Studies: Throughout this course, several "case studies" will be used to highlight issues of land planning, regulation and appraisal. These case studies are hypothetical, but are drawn from real examples. They are intended to help illustrate to students how more complete understanding of land use planning can help produce more accurate valuations.
The course contains numerous multiple choice exams, interactive exercises, and is completed with a multiple choice final exam.