JAKARTA – 4 ways to know the land price in an important area. This is to get an idea of what property prices are in the area of interest.
In addition, in selling a house, we must also understand how to calculate the price of land. This is important so that the land you sell has the right price, so that buyers are interested in buying the land and you do not lose when selling land, houses, and other properties.
For this reason, generally we will make efforts such as seeking price information from related parties, for example through the sub-district office or banking.
Now if you don’t understand how to determine the price of land when selling a house or specifically for land, now you don’t need to be confused anymore.
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Because it turns out there are several ways that can be done to find out the market price. Read carefully the following 4 ways to find out the price of land in an area:
1. On-site Survey
The simplest way to find out the market price is to conduct a direct survey to the location of the land being sold.
When conducting the survey, you can ask local residents about market prices around the area.
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In practice, the land price per meter may exceed the benchmark price. This of course can happen, because the market is determined by the amount of demand and supply.
If there is more demand, then the price will go up and of course it will be expensive. Meanwhile, if more and more people offer their land, then the price of land can go down, because people are busy selling it. Therefore, the market price can also be used as a benchmark when calculating the price of land when buying land.
By observing the land price of the area, we will know how much the land price per meter is generally in that area. So, we know how to find out the price of land in an area. Not expensive, and thankfully can be cheaper.
The price of land in an area is also determined by the availability of public facilities and social services.
For example, for residential areas. Strategic facilities, for example, are supported by schools, markets, hospitals, pharmacies, crowd centers, toll gate access, train stations, and others. As for commercial property, it usually concerns business services. For example, ports, airports, government offices, or business centers (Central Business District).
Don’t forget to check whether the location of the land is close to public facilities, because the more strategic the location of the land, the more expensive the price.
In addition, compare the area of land sold in the local area with other land areas so you can determine what the right price is for the land.
2. Go to the nearest land office
Another way that you can do is to visit the local land office.
The land office or the National Land Agency (BPN) is an official institution that takes care of recording, registering, and collecting data on community land.