size condition of the home and land heating landscaping decks fencing recent

Size condition of the home and land heating

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size, condition of the home and land, heating, landscaping, decks, fencing, recent renovations, amenities provided by the surrounding neighbourhood, are all considered by the Valuer. Living space is calculated by measuring the outside of the home. It does not include such areas as the garage, porches, sheds, and so on. Basements are generally calculated separately from the living space. The contributory value of basements is determined by the local market, local regulations, if it is finished or not (and the quality of the finish), and so on. After that the valuer will analyses the available market data for your area and the surrounding neighbourhood, including current and historical comparable sales, current offers for comparable homes, and proposed improvements. The Valuer gathers data from a variety of sources, as well as his/her own personal knowledge of the local market. The Valuer then compares your real estate to the broader market. 2 1 2
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In Malaysia this profession is known as Property Valuer.During the process on conducting a valuation to property Malaysia valuer usually using 5 valuation methods which is Comparison method, Residual method, Cost method, Income method and investment method. 3 But however a valuation job can only be done by those registered valuer only no matter in which country.According to the roles on the valuation field, a valuer who has already register to the authorities of valuer in their country only can call themselves as valuer and also can conduct this professional job as a valuer on any valuation job and giving advice to their client on property valuation. 3
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  • Winter '16
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