Property can be seen as an investment or a long-term asset, with the Real Estate Sector to see a significant increase.

In a simple word - property valuation
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.

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.

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.

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.

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.

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.

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.

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.
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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