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Property Appraisal & Valuation
The appraisal process is the process of collecting, analysing and reconciling data that relates to the property being appraised.
The preparation of the appraisal generally begins with an interior and exterior inspection of the building and property. We look for the assets and detriments that the real estate offers by viewing the property from an objective, unbiased perspective. We also consider several types of obsolescence that might affect the property adversely, with consideration of local market trends and standards.
Some of the more important features of the property are condition, quality of construction, location, layout and plot size, to name a few. We also provide tax data, zoning classification, etc.
An assessment of the neighbourhood and surrounding area, noting the location of amenities which may be important to the buyer or seller, is also carried out.