Real estate is represented by numerous objects, which can be residential or non-residential. Even land plots belong to it. Often, an assessment of the premises is required for various purposes, for example, when selling it, transferring it on bail, leasing it, or performing other similar actions. The assessment should be carried out only by experienced experts, which allows you to determine the market price of a particular object.
What can be evaluated?
Valuation is a sought-after service that can be carried out in relation to state, commercial or private property. The most commonly performed procedure is for:
- residential real estate represented by houses, apartments or rooms;
- land plots;
- commercial premises, which are hotels, offices, warehouses or shops;
- construction in progress;
- industrial premises;
- engineering communication networks;
- household and auxiliary buildings.
Assessment of the premises involves the study of all its parameters and characteristics. The requirements for residential premises are also taken into account, since if they are violated, this will certainly lead to a significant reduction in the cost of the object.
When is an evaluation required?
This process is implemented in different situations:
- sale or purchase of real estate;
- rental of premises;
- resolution of property disputes;
- entry into the inheritance, according to which different real estate is transferred to the heir;
- statement on the balance sheet of the company of an object that was not previously considered;
- purchase of premises at the expense of borrowed funds, for which an encumbrance is imposed on it, therefore, the bank needs information on the price of collateral;
- implementation of various investment projects;
- conclusion of an insurance contract;
- drawing up a marriage contract.
The assessment of the premises is required when performing almost any legal action with real estate. If you plan to sell or lease the premises, then knowledge of how much it will cost will undoubtedly affect the price of the contract.
Assessment Pros
Room assessment allows you to take advantage of many advantages:
- the real value of the property is determined;
- the risks of various banking or insurance institutions are reduced;
- real estate buyers can verify the absence of overpayment and the loss of a significant amount of funds;
- due to the availability of information about the market price, you can choose the best option for the purchase.
Thanks to land valuation, it is possible to determine the optimal cost of various summer cottages.
Property Valuation Process
The assessment of a dwelling or a non-residential object is carried out almost identically, and the differences are that different property parameters are studied. The procedure itself is divided into successive stages:
- a company or private independent appraiser is selected;
- an organization concludes a contract for the provision of valuation services;
- the document stipulates the timing of the procedure, the procedure for the implementation of this process, as well as the cost of the service;
- documents for the building are prepared, represented by an extract from the USRN, registration certificate and other papers;
- The characteristics of the property are evaluated, for which the requirements for residential premises or non-residential real estate are taken into account;
- the existing layout, condition of the property, useful life, suitability for certain purposes, as well as the condition of the finish are studied;
- the market price of the object is determined, for which different methods can be used: analog, profitable or costly;
- the price is affected by the address of the object, the availability and performance of communications, the life of the property and other factors;
- Based on the parameters studied, a report is generated containing the price of the property.
If the assessment is carried out when applying for a mortgage loan, then a company accredited by a banking institution is selected for this. When choosing a company, it is taken into account that it must have an appropriate license.
The nuances of the assessment of non-residential property
Assessment of non-residential premises involves the consideration of factors:
- location of property;
- number of storeys;
- total area of the room;
- availability of parking spaces near the entrance;
- year of construction;
- availability and condition of utilities;
- decoration and engineering equipment;
- other parameters that are important to buyers or users.
Such facilities include shops, warehouses, offices or industrial premises.
Features of the procedure
The process is considered complex and specific, therefore it is trusted only to specialists. When evaluating any type of real estate, various factors will certainly take into account professionals:
- prices for similar properties in the region are being studied;
- it is considered optimal to use the comparative method for determining the value of the studied real estate, for which the prices of different options are compared;
- first, the appraiser must study various information about the premises, which should be not only economic or technical, but also legal;
- determined as the total market price of the object, and the cost of 1 square. m
Therefore, valuation services are considered quite important. They can only be carried out by experienced and professional appraisers. This service is required in various situations, and is also carried out in relation to a variety of real estate objects. By obtaining information about the value of the object it is possible to prevent unforeseen and unnecessary expenses, and you can also issue a lease on favorable terms. Moreover, the assessment is considered a fairly affordable service.