Benefits of Residential Property Valuation
Residential valuation depends mostly on location, physical, socioeconomic characteristics, urban development, and infrastructure that influence the value. Whether it is a villa, apartment, or residential compound the value is an essential factor for the purchaser or seller, the valuer analyses the factors that affect the value such as neighbourhood, location, size, etc to determine the value.
Ideally, when considering the valuation of a property you need to compare like property with another similar property. This is not always possible, and adjustments have to be made.