Property valuation is a crucial skill for anyone involved in real estate. This comprehensive guide explains the fundamentals of property valuation and the various methods used by professionals.

Key Valuation Methods

• Comparative Market Analysis
• Income Capitalization Approach
• Cost Approach
• Residual Method

Factors Affecting Value

• Location and accessibility
• Property condition and age
• Market conditions
• Future development potential
• Local amenities and infrastructure

Professional Valuation Process

• Property inspection
• Market research
• Analysis of comparable sales
• Consideration of special features
• Final valuation report

Summary

Understanding these concepts will help you make informed property decisions and negotiate effectively.