Significant positive or negative affect on property value

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1. Externalities can have a significant positive or negative affect on a property's value. Describe how externality of make new homeless shelter in an area will affect the land value in the area? Will it have positive or negative affect? Can it be corrected or adjusted to reduce the impact on property values? Please explain in detail.

2. Discuss an example of buying a house in real estate how would you assign or justify "value" for it? What category or definition of "value" would you apply? What factors will influence your final decision to buy a house and pay the price you would pay for the house?

Hint: "Value" as in terms of real estate appraisal.

Reference no: EM132303736

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