Introduction Valuation of real estates or properties basically, refers to appraising a property or a real estate to form an opinion about the value of the property. This value is normally the properties’ market value. Properties are heterogeneous in nature; meaning they are not all identical or alike and thus, they have different values. However, it is possible to get a range for the values. There are some obvious factors like physical location of a property that automatically makes the market value of different properties differ. The materials used on a property and other features also contribute to making property differ in their value. Other factors such as the physical size of a property still determine a property’s market value (Histon Fine Homes, 2008 When valuing the property, the figures should not be the only issue but also the demographic factors and the services offered. When valuing the property, everything within the property should be assessed. The items inside a house should be valued by the size, the cost and the age of existence, this includes the furniture’s and any other utensils that may be available. For items like the computer, the cost and the make are of importance. The car should also be valued if it forms part of the property and the model and the year of make are of essence. The surrounding of the property should also be put into consideration; the geographical location of the property should be put into consideration (Tucker Sundeep, 2006). As a requirement in MMP111 Introduction to Property, this assignment will examine and value a residential home located in Altona North. The physical condition of the house will be evaluated, and after looking at the various factors likely to influence on the va... ... middle of paper ... ...rable Sales: The Sales Comparison Approach. Retrieved from: http://property- management.bestmanagementarticles.com/a-31148-commercial- comparable-sales-the-sales-comparison-approach.aspx Property-Investing.Org, 2010. Retrieved from: http://www.property- investing.org/comparable-sales.html Propertyworld, 2011. Retrieved from: http://www.propertyworld.com/sub_page.cfm/title/Charges%20add%2025%20percent%20to%20Melbourne%20prices%20-%2005%20April%202006/section/Home/editID/453 Tucker Sundeep, 2006. Rewards for a city that has lifted its game After the success of the Commonwealth Games, Sundeep Tucker traces Melbourne's progress from bust to boom: [LONDON 1ST EDITION]. Financial Times, April 8, http://www.proquest.com/ (accessed May 13, 2011). WBP, 2009. What is Your Property Worth? Retrieved from: http://www.wbpproperty.com/property-valuations-melbourne
Richard Romano is one of the three principals at Cruickshank, Gath, & Romano. With eight years of experience and recognized by industry insiders as one of Canada's leading real estate experts, Richard wants to complete the appraisal according to his best estimate of the pro...
Compensation must be provided to the person whose property is being bought. Each country should work to set a standard for what is a fair market price, to prevent any people from inadequate compensation. The value of the property must be taken into account, and the effect this will have on their way of life. If a person is, for example, losing their home, the government must provide enough money to ensure that individual is able to relocate comfortably.
In existence is $150,000, specifically set aside for the purchase of distressed real estate. This essay will outline a detailed strategy ensuring a maximum return in regard to the financial investment made on the home. Including a description of distressed real estate and foreclosure in addition to how utility can play a role in the decision-making process.
However, prior to 2008, nearly everyone was blind to their impending doom; investors, bankers, government regulators, the general population, and even the chairman of the Federal Reserve, Alan Greenspan, a man who was considered the economic guru, was fooled into believing the prosperity America had been enjoying would last for the foreseeable future (“Rethinking” 20). By this time there had been only mild economic downturns or, at most, short periods of turmoil. Financial institutions and large corporations have grown accustomed to the decades of economic prosperity resulting from the post-war economic boom, long forgetting the lessons learned from the Great Depression (“Rethinking” 20). In fact, economists concluded that America had entered a new era of calm.
Housing Affordability in Australia has become the focus point for urban planners in recent years. In particular, South East Queensland (SEQ) has experienced significant pressure as the demand for property and affordable dwellings increases and population growth in the region continues. The issue has come to the forefront in discussions for local governments in the region and there is a real need to address the problem of housing affordability. The subject of affordability is complex and is contributed to by a number of factors including the impost created by Council processes, which is the scope of the HAF-T5 Project.
... A home is a material object that exists within a concrete reality. It exists with its own qualities, a house built of materials that change and degrade over time. The costs of homeownership are harder to dismiss when one becomes disillusioned with the effects of a lack of attention to those costs. As someone with a passion for writing, my final project will be an extended expository essay about the history of homebuilding from ancient to modern times.
Stuart, Reginald. "ON THE RISE?" Crisis (15591573) 114.4 (2007): 16-20. Academic Search Elite. EBSCO. Web. 4 Oct. 2011.
value of that property to be much lower. Since the property was a dilapidated building in a bad
...heir industries economy and futures, resulting continued investment and consumption to continue fuelling the boom.
A few years later, the market shifted and people became more interested in detached homes than apartment homes. Once again, Go...
2) The maintenance of an attractive house by an individual may be beneficial to her neighbors in the form of increased market values for their properties.
Keeping up to date with all the latest and most important economic headlines around the world is a part of my daily routine, as well as reading newspapers and economic magazines, adapting my studies to the real ...
Most people, today, are looking forward to buying their first property. When individuals decide to buy a house those individuals would have to look at all their options and all the advantages and disadvantages that come from purchasing a house. The economy plays a huge role in the decision whether people will purchase a house, purchase a condominiums, or rent property.
Financial Future: Where Will it be in 10 Years? Retrieved on November 20, 2013 from
Build or renovate houses would require considerable expense in accordance with the context of the ability of their respective owners. That is to say, housing is a basic necessity as well as luxury goods. Everyone will be very careful in buying luxury goods for risking substantial value for money. Not to mention a residential property that will be enjoyed alone or used in a long time. Comfort and beauty of our home conditions, as well as our bodies will be felt both physically and psychologically.