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Old 04-09-2014, 08:48 AM
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How do I determine land value for a condo

I own a condo which I'm renting out. I don't actually own any land, just the right to use the land. I understand I need to break my condo value into the land value and the property value. How do I make this determination? In my mind, since I don't own the land, I would use $0 as the land value, but I'm guessing that's not the right answer. Any help would be appreciated. Thanks!



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Old 04-09-2014, 09:13 AM
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Quote:
Originally Posted by jmleinenbach View Post
I own a condo which I'm renting out. I don't actually own any land, just the right to use the land. I understand I need to break my condo value into the land value and the property value. How do I make this determination? In my mind, since I don't own the land, I would use $0 as the land value, but I'm guessing that's not the right answer. Any help would be appreciated. Thanks!
I guess you need professinal help from a r/e appraiser.



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