Standard land value - understanding questions from a beginner

Supply and demand determine the price. This price is then decisive for the land reference value that will be set in the future. In this respect, the current value is a retrospective consideration. Buy or leave it - negotiating is only possible with problematic plots that no one wants anyway.

One differentiates between public and internal development costs. Are both types of development costs included in the land reference values, or are only the public development costs included? Or put differently: if we simply calculate with the land reference values, do we have to deduct the approximate costs for public and internal development in order to determine the land value more precisely?

Only up to the plot. Everything else is your concern. The value of the plot is what "one" has to pay for it.

A hillside location is on one hand something nice, but on the other hand it is not so easy/cheap to build on. Are hillside plots therefore rather worth more or less compared to the land reference value in property valuation?

No. They are worth what is paid for them.

Hello,

thank you all for your answers.

And that increased construction costs for hillside plots would be taken into account in standard land value maps or even market prices would be news to me.

If you are interested in a hillside plot, then be clear about the following points:
1. There is no discount for the hillside location (like at the bakery for bread from the previous day or something).
2. A hill remains a hill. Trying to create the base for a slab-on-grade house with L-walls and the like would be a Pyrrhic victory. So plan to use the hillside, and make friends with a living basement.
3. Building proposals for flat plots are not well suited to be implemented on hillside plots.
4. Wooden constructions are hardly suitable for use in contact with the ground; even with a wooden house, the basement will have to be built in masonry.

Basically, that was exactly my point – you cannot simply place a standard house on hillside plots; the slope must be taken into account additionally in construction. Every extra request and every special feature is generously charged in house building (according to what we have read and heard). A hillside house, that would be my conclusion, cannot be as cheap as a house on a flat plot. Of course, with hillside construction, hopefully you gain an additional benefit. The question is, how is this reflected in the market value?

What do you want to do with the data? In my opinion, the standard land value map is not a good guide for purchasing a plot. It’s better to orient yourself on current offers in the nearby area. And yes, factors such as hillside, development, contaminated sites, ugly neighbors, etc., play an important role in the valuation.

Unfortunately, there are only very few plots advertised in the nearby area – mostly with the nice addition "bidding procedure." For how much the plot was actually sold, we can no longer track.
Therefore, we dealt more closely with the standard land values. But that doesn’t help us at all if we don’t even roughly know the order of magnitude in which factors like hillside and development would be included. Also, the info that double the standard land value is used as market value is very interesting for a newcomer to the topic. Hence my question :)

The question is, how is that taken into account in the market value?

It depends. If you can only get up the lawn with crampons, then it gets cheaper. If the slope means you have a nicer view... then it gets more expensive. And in some areas, a certain slope is completely normal. You approach this with a somewhat naive idea. Of course, every interested party factors that in somehow. The problem is that everyone also weights it differently. If demand is high, there are only few discounts for plots that are harder to build on...

Of course, with hillside development, hopefully you gain an additional benefit again. The question is, how is that taken into account in the market value?

A benefit of a hillside location arises in terms of a distant view into a beautiful landscape, if available and not blockable, and otherwise only for viticulture. That you don’t get the hillside plot cheaper out of pity for your higher construction costs should have become clear by now ...

Unfortunately, there are very few plots listed nearby – usually then with the nice addition "bid procedure". For how much money the plot was actually sold is no longer comprehensible for us. That’s why we took a closer look at the standard land values. But that doesn’t help us at all if we don’t even have a rough idea of the magnitude of factors like hillside and development costs.

... Likewise, you should have understood by now that the standard land value for your "calculation" of how high you have to bluff in your purchase offers is unfortunately about as useless as looking up last year’s lottery numbers. If you are looking for a reference point for the effective production cost of a developed plot with a building, you best study the current single-family house offers from developers in the respective location.