What is Property Valuation?

What is Property Valuation?

Property Valuation determines market worth based on comparisons, income potential, or cost-based assessments.

• Sales Comparison Method: Uses recent transactions of similar assets.
• Income Approach: Calculates net operating income and cap rates.
• Cost Approach: Estimates rebuilding cost minus depreciation.
• Influencing Factors: Location, size, condition, and economic trends.

Accurate valuations help buyers, sellers, and lenders make informed financial decisions.