Pressures That Dominate Real Estate Value

[Janos Sztojka]

In addition to the social impact, as well as government subjection, the environmental
forces also play a part in real estate values. These can be natural or man-made and are
analyzed by observing several aspects. Climatic conditions (snowfall, rainfall,
temperature, humidity) would be an obvious one that would affect the values of building
somewhere as well as maintenance and carrying costs, as well as the quality and type of
build. Topography, soil and consideration of any toxic contaminants would also be of great
importance as well as natural barriers, such as rivers, mountains, lakes, etc.

Just to get out of the 4 factors of real estate value; it is important to mention that
there are some overlying factors that would be part of 2 or more of the categories. Once
such factor is location, this is the link of a property in time/distance to any given
origin or destination of a resident/user of the property. Location could fall under for
environmental and economic, if not all categories. Due to the area and property type,
properties access to public transport, schools, hospitals, stores, employment, suppliers,
recreational and cultural facilities, parks, and places of worship would of importance.