Anyone looking to buy or sell a house, condominium, or investment property will automatically start thinking about the value or price of the property. However, determining the market value is not that easy. There are three main methods used in modern property valuation: for owner-occupied homes, the comparative value or asset value method is generally used, while the value of investment properties is usually determined using the income value method.
This method of property valuation relies on comparison: the market value of a property is derived from the actual prices of other properties that are comparable in terms of location, view, accessibility, amenities, or age, for example. The more comparable properties are included in the property valuation, the more accurate the result. The comparative value method is particularly suitable for property valuation when there have been many recent sales of similar properties.
Material value method
The asset value method adds the land value to the costs that the construction of a replacement property in this location would entail. This method of property valuation is usually used for properties whose value does not necessarily depend on the yield - such as detached or semi-detached houses.
Property valuation is in the right hands with us
Are you interested in the value of your property? We can provide you with the key fundamentals and meaningful analyses so that you know the realistic market value of land, commercial properties, real estate projects, detached houses or condominiums as part of a professional property valuation: