Real Property Valuation

Real property is a piece of land with natural or artificial improvements permanently attached to it, including buildings, roads, utility lines, and other infrastructure. Real property also includes rights and interests in property, such as title, use, and transfer of land and leasehold interests.

The valuation of real property, in contrast to movable property, does not involve the valuation of the object itself but rather the right to own it.

This is because, when real property is sold or the right is transferred in any other way, the property itself does not change its geographical location; only the owner, who subsequently has rights to the property, changes.

Why is a real property valuation needed?

A real property valuation is necessary for almost any kind of operation involving the property. This includes buying and selling, renting, pledging, dividing property, or obtaining a mortgage loan from a bank.

The need for property evaluation also arises before making decisions on construction or reconstruction. For companies, appraising real property is essential when including property in the authorized capital of the firm.

Additionally, valuations are needed when making decisions about the further use of real property, such as attracting investors to a project or changing the purpose of the object.

Purposes of Property Valuation:

Real property valuations may be conducted for the following main purposes:

To determine the market value;
To determine the rental value;
For securing credit;
For financial reporting purposes;
For insurance purposes;
For tax purposes;
To obtain the right of residence;
For settling property disputes in court;
To determine loss or damage;
For transaction support purposes;
To determine the profitability of an investment project;

Types of Property We Value:

Land plot valuation;
Apartment valuation;
Private house valuation;
Office space valuation;
Commercial space valuation;
Commercial real estate valuation;
Industrial property valuation;
Specialized facility valuation;
Valuation of unfinished construction;
Valuation of repairs;