Many healthcare facility and property owners have a surplus of undeveloped land near their existing building, but they don't know how to use the excess property to their advantage, according to a report from Principle Valuation.
When property owners don't have a grasp on the wide possibilities for their excess land, they run the risk of undertaking sub-optimal projects that don't use the property to its full extent. Property owners should conduct a comprehensive analysis of the property and current operations to determine how to best use the excess land.
Valuation experts are able to conduct these analyses and advise whether it would be best to hold the land for future development, expand the existing property or sell the land to a third party.
Learn more about Principle Valuation.
Read Articles Related to Valuation:
5 Key Legal Issues Affective Surgery Center Joint Ventures
5 Factors Influencing Hospital Value
Non-Profit Hospital Tip: Create a Building Life Study
When property owners don't have a grasp on the wide possibilities for their excess land, they run the risk of undertaking sub-optimal projects that don't use the property to its full extent. Property owners should conduct a comprehensive analysis of the property and current operations to determine how to best use the excess land.
Valuation experts are able to conduct these analyses and advise whether it would be best to hold the land for future development, expand the existing property or sell the land to a third party.
Learn more about Principle Valuation.
Read Articles Related to Valuation:
5 Key Legal Issues Affective Surgery Center Joint Ventures
5 Factors Influencing Hospital Value
Non-Profit Hospital Tip: Create a Building Life Study