Thursday, October 22, 2015

 

“highest and best use” (HABU) : do what you love

In real estate, there’s a concept called “highest and best use” (HABU). Properties are valued based on the best use of the land that will produce the highest value. For example, appraisers may value a two-bedroom house on a busy street next to retail shops as if a strip mall occupied the land, because the best use of the property that produces the highest value is a strip mall and not a house. In other words, other two-bedroom houses in the town might be worth $200,000, but an investor may pay $600,000 just for the land in order to build a strip-mall.
Read more at http://www.pickthebrain.com/blog/discover-your-passion-do-what-you-love-and-the-money-will-follow

We get boxed into positions and job descriptions that we can do adequately, but usually don’t tap into our core strengths.
Read more at http://www.pickthebrain.com/blog/discover-your-passion-do-what-you-love-and-the-money-will-follow/#F9SHWie1is4t3Q5U.99

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