Property valuation – Methods & Factors that affecting property value

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Property valuation Methods Factors that
affecting property value
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In a simple word - property valuation

• Property can be seen as an investment or a
  long-term asset, with the Real Estate Sector to
  see a significant increase.
• In basic terms, it is the method of determining a
  property's market value.
• Since all properties vary in terms of location,
  size, and other factors, their value varies.
• The basic facilities of the city, as well as the
  surrounding climate, that are important factors
  for determining the property's value.

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Who conducts the property valuation?

• Property valuation is carried out by certified
  valuators who give a proper certificate.
• They use a number of different methods to
  evaluate the properties.
• We will show you how to value a property using
  various methods.

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Various methods of valuing the property include

• Investment method This method calculates the
  property's costs in the near future.
• It provides a good understanding of the rate hike
  that will occur over a long period of time.
• This is the most effective way for newcomers to
  the real estate market to benefit from their
  investments.

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• Comparative method This methodology uses
  comparative analysis.
• Before giving a proper estimation of property
  prices, the current market's sales figures are
  compared and analyses.
• This allows you to obtain property values that
  are in line with current market trends.

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• The Contractors method involves a detailed check
  of both the property and the mandatory purchases.
• The residual method is used to evaluate the
  construction projects that are built by the
  architects.

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Factors that affecting property value

• Location
• Although the value of the property is a given,
  there are deeper factors that is require for
  close consideration.
• For example, property located on the main road,
  but because of reduced noise levels and greenery,
  those located further away may be more preferred.
• Because of the traffic, properties on a route can
  get a higher price because they are deemed safer
  for children.

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• Transportation Services
• No doubt, transportation is vital.
• It can be a highly important factor to have
  public transport facilities at your doorstep.
• There is new Metro line running near your home?
  Will a new bus route that covers your route be
  introduced? In your favor, all these factors are
  important.

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• Amenities
• A school, hospital or clinic is near your home?
  These are some of the parameters that can, with
  their inclusion, increase the value of your
  property.
• It will be necessary for families with aging
  parents to have a hospital nearby.
• For young families, having a school or college,
  playgrounds and parks nearby will be helpful.

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• If your property is located near to IT parks and
  other job centers, then it would also have the
  additional opportunity to be viable for
  commercial leasing immediately.
• But in some situations, because of higher levels
  of pollution, traffic, and noise, it could also
  push the value down.

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• propertyinspection.in