The terrain of a piece of property can have a significant impact on its value. Flat land is generally considered to be more valuable than land with a steep slope, because it is easier to build on and more versatile in terms of how it can be used. However, land with a scenic view or other unique features may be more valuable, even if it has a steep slope.
Buildability
Really, the biggest way that terrain can impact the value of a property is by affecting its buildability. Flat land is generally considered to be the most buildable, because it is easier to level and prepare for construction. Land with a steep slope, on the other hand, may be more difficult and expensive to build on. As a result, properties with steep slopes may be less valuable than properties with flat land. It’s also worth noting that some municipalities have zoning regulations that limit the development on steep slopes or in certain areas.
Usability
Another way that terrain can impact the value of a property is by affecting its usability. For example, land with a steep slope may be difficult to access, which can render those portions of a property that are either sloped or blocked by the slope unusable for any kind of activity. As a result, properties with steep slopes may be less valuable than properties with flat land.
Aesthetics
Aesthetics certainly play a factor in Land Value as well though. For example, land with a scenic view or beautiful rolling terrain that doesn’t impact buildability can be more valuable than a flat, featureless lot. Land with a steep slope may also be more valuable if it is accessible, and provides a unique view or other aesthetic benefits.
All of that to say…
The terrain of a property can have a significant impact on its value. While flat land is generally considered to be the most valuable, land with a scenic view or other unique features may also be valuable. It’s important to consider zoning regulations, accessibility, usability, and aesthetics when evaluating the value of a property. As a property owner, it’s in your best interest to understand how the terrain of your property may impact its value before you decide to sell or develop it.