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<br />Both stabilize and reduce flood damage enter into the regression equation positively . <br />and their values are also listed in Table ill. Stabilize has a value of $4,488 per property and <br />reduce flood damage contributes $7,804 or five percent of property value. Individually, it <br />appears as though stabilizing stream banks does not add as much to property value as does <br />reducing flood damage and the measures in Package A. The values reflect buyers' <br />perceptions at the time of purchase; perhaps education trails and less damaged banks are <br />more visually important to home buyers than the technical details of bank: stabilization. <br />Reducing flood damage is highly correlated with other stream measures such as <br />stabilizing stream banks, clearing obstructions and revegetating the riparian area. The value <br /> <br />obtained for reduced flood damage, therefore, cannot be entirely attributed to that individual <br /> <br />measure. <br /> <br />It is important to remember that the values for each measure do not take into account <br />the costs of performing that measure. The benefit differential among measures may be offset <br />by a differential in the costs of restoration. In other words, deciding to acquire land solely <br />because it produces the greatest gross benefit is not an adequate reason. The higher cost of <br />acquiring land may far outweigh the benefits of the measures, thus reducing the net benefit <br />(benefit-cost) of the measure. <br />Maximizing net benefits, therefore, would be a better objective in deciding which <br />restoration measures;to carry out in a project. The benefits must be weighed against the <br />costs. For instance, the following hypOthetical example illustrates the proper analysis. <br />The benefit of acquiring land has been determined to be $19,123 per property. The <br /> <br />benefit of stabilizing stream banks is $4,488. If costs of acquiring land, however, are <br /> <br />15 <br /> <br />. <br /> <br />. <br />