The Different Methods Of Estimating A Property Valuations Brisbane
Most real estate agencies that offer online valuation tools use the hedonic method, but this is not the only valuation method.
Remember that for this hedonic method, we rely on transaction data. It allows to have the value of a detached house, an apartment or a rental property Valuations Brisbane.
To estimate the value of a property, professionals can use the yield value method . The latter is more suitable for rental properties. If the property Valuations Brisbane includes land, the actual or intrinsic value method may also be appropriate.
To define the fair sale price, we take into account the value of the land, the current value of the construction by including the ancillary construction expenses and by removing the depreciation due to obsolescence.
Some professionals also use the Discounted Cash-Flow method or the DCF method . It is more suitable for income assets and to determine the value of the latter, the future flows of funds are considered.