Jump to content

Talk:Highest and best use

Page contents not supported in other languages.
From Wikipedia, the free encyclopedia

Can you please explain when a person would use the terms, "Highest and Best Use" please define this for us.

Thanks

This is real estate appraiser nomenclature. appraisals@raknight.com (02/06/2008) —Preceding unsigned comment added by 76.177.77.167 (talk) 20:29, 6 March 2008 (UTC)[reply]

tontis_41@msn.com

The term serves as the fundamental basis for all real estate appraisal. It is as fundamental as determine market rent.Martin Heidegger 20:44, 8 November 2006 (UTC)[reply]
I'll add two cents worth to this. In the U.S., under the Uniform Standards of Professional Appraisal Practice, if the basis of value is Market Value, then the appraiser is required to perform an analysis of the HBU of the property and report that in the appraisal report. Market Value explicitly presumes that the property is utilized at its highest and best use. (Good question, by the way) Thesurveyor (talk) 17:22, 24 November 2007 (UTC)[reply]

The example on this page is wrong. H&BU is that which maximizes land value. This is basic appraisal from Ricardo to von Thunen to today. (e.g., all the developers would build apartments, and no industrial buildings. The profit of apartments would fall as land prices for apartments is bid up. Industrial buildings would then only be built on cheaper land.) Sincerely, an MAI (Appraisal Institute). —Preceding unsigned comment added by 75.70.169.250 (talk) 07:28, 20 January 2009 (UTC)[reply]

Needs historical info

[edit]

I added the template on missing historical background. From comments above, it appears that David Ricardo would be a good place to begin looking for the origin of the concept. The article does not attempt to put the concept in a global perspective (do Tokyo developers and lawyers debate H&BU?), much less to indicate historical change, or varying interpretations.

I am on an enforced wikibreak, which prevents my logging in, but I'm User:Alarob. -- 166.137.12.230 (talk) 14:20, 24 May 2010 (UTC)[reply]

[edit]

Hello fellow Wikipedians,

I have just modified one external link on Highest and best use. Please take a moment to review my edit. If you have any questions, or need the bot to ignore the links, or the page altogether, please visit this simple FaQ for additional information. I made the following changes:

When you have finished reviewing my changes, you may follow the instructions on the template below to fix any issues with the URLs.

This message was posted before February 2018. After February 2018, "External links modified" talk page sections are no longer generated or monitored by InternetArchiveBot. No special action is required regarding these talk page notices, other than regular verification using the archive tool instructions below. Editors have permission to delete these "External links modified" talk page sections if they want to de-clutter talk pages, but see the RfC before doing mass systematic removals. This message is updated dynamically through the template {{source check}} (last update: 5 June 2024).

  • If you have discovered URLs which were erroneously considered dead by the bot, you can report them with this tool.
  • If you found an error with any archives or the URLs themselves, you can fix them with this tool.

Cheers.—InternetArchiveBot (Report bug) 18:52, 3 November 2017 (UTC)[reply]