VDL refers to the intrinsic value of land that is suitable for development, taking into account various factors such as zoning regulations, location, and market conditions. It serves as a benchmark for real estate professionals when assessing the potential profitability of land investments. By understanding VDL, stakeholders can make informed decisions on purchasing, selling, or developing properties. This concept is particularly relevant in urbanized areas where land scarcity drives up competition and necessitates careful valuation to maximize returns. The Definition of VDL in Property Valuation In property valuation, VDL is often defined as the difference between the anticipated sale price of a developed property and the costs associated with its development, including construction, financing, and permitting. This value essentially signifies how much an investor should be willing to pay for a parcel of land, considering the expected future income it can generate. VDL is not static; ...