How to Try a Land Damage Case One of a Series of Lectures Especially Prepared F

Cover How to Try a Land Damage Case One of a Series of Lectures Especially Prepared F
How to Try a Land Damage Case One of a Series of Lectures Especially Prepared F
Nichols Philip
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Buildings are not to be valued apart from the land, but are considered only so far as they add to the mar- ket value of the land. A building inappropriate to its surroundings may actually detract, to the extent of the cost of tearing it dowTi, from the value of the land. To lay a foundation for testimony upon the value of buildings the evidence of a real estate expert that the buildings are suitable and appropriate for the uses to which the property is best adapted is essen- tial. If this can b...e sIiowtq, then it is a fair conclusion that the buildings increase the market value of the land to the extent of their own structural value. Structural value should be shown by carpenters and builders who have given the building a thorough ex- amination and are able to testify as to the cost of reproduction. Such cost, with a reasonable allowance for depreciation, represents the structural value in ordinary cases. It sometimes happens, however, in large cities that an old building is taken for widening or extending a street or for other public uses, which is well tenanted and returns a large income to its owner, but which could not be lawfully reproduced on account of the enactment of more stringent build- ing laws since it was erected.

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