A price on the potential

Article Abstract:

Leisure and licensed properties are valued as operational businesses therefore anything which is not include in the sale must be omitted from the valuation but fixtures and fitting should be included. A purchaser of a leisure property would expect all licenses of trade to be transferable unless notification to the contrary has been made. The valuer must understand the reason for the evaluation before going ahead. The valuation of a trading property should include its trading potential, the value of the outlet and the land and the value of all fittings and equipment.

Finance, Leisure industry, Appraisers

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Value of theory and practice

Article Abstract:

The valuation of secondary investment properties should be made carefully, with due consideration given to the market value or price, as it differs from what the property is actually worth. A property with a poor history of investment may still be attractive to a new investor providing the price enables them to gain from the transaction. A secondary investment property should be valued according to traditional methods, but the final value must reflect the reason why the property is considered to be secondary rather than prime property.

Real property, Real estate appraisal

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What's it worth?

Article Abstract:

The property surveyor should not focus on the price of a property when assessing its value but on what it is worth. The surveyor should set out the assumptions made in any calculations by using a logical methodology before reaching a final recommendation. The surveyor will need to consider the length of time the property is likely to be owned and the affect of outside factors such as interest rates. A thorough appraisal of the property is vital to ascertain its value and the clients views and plans will also need to be considered.

Practice

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