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Allocation Method of Land & Site Valuation

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

When is it ideal to use the allocation method for land/site valuation?

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1. Which of the following is not an improvement that is ideal to consider when using the allocation method?

2. What is the site/land value of a property that was sold for $200,000 and has comparable lot values worth about 25% of those properties' total values?

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About This Quiz & Worksheet

This quiz and worksheet assesses your understanding of the allocation method of valuing land and sites. You'll review when this method is most ideal to use and see if you can determine the site/land value of a property with the allocation method.

Quiz & Worksheet Goals

This quiz and worksheet evaluates what you remember about:

  • When it is ideal to use the allocation method
  • Improvements that should be considered when using the allocation method
  • Understanding how to use the allocation equation
  • Solving sample problems for site/land value

Skills Practiced

  • Interpreting information - verify that you read and are able to correctly interpret when it is best to use the allocation method
  • Information recall - see if you remember what improvements should be considered in the allocation method
  • Problem solving - use what you know about the allocation method to find the site/land values in sample problems

Additional Learning

You will find more insight on this topic in the provided lesson, Allocation Method of Land & Site Valuation. This lesson covers more information on:

  • Properties that do not benefit from the allocation method
  • Beginning steps in the allocation method
  • What happens as improvements get older
  • Examples to follow of finding the value with this method
  • The two major disadvantages of the allocation method
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