Property Valuation

Property valuation is the process of determining the economic value of a real estate property. This is essential for various purposes including sales, financing, investment analysis, and taxation. The process involves several methods and principles to arrive at a fair market value. Here’s an overview of the key aspects and methods used in property valuation:

  • Purpose of Valuation
  • Key Valuation Methods
  • Factors Influencing Property Value
  • Steps in the Valuation Process
  • Professional Standards and Ethics
  • Technology in Property Valuation

Property valuation is a complex process that combines art and science, requiring a thorough understanding of the market, sound judgment, and adherence to professional standards. Accurate property valuations are crucial for informed decision-making in real estate transactions, investments, and financial planning.