Unit valuations

Unit valuations refer to the process of determining the market value of individual units within a property or building, such as apartments, condominiums, or townhouses. This type of valuation is crucial for property sales, purchases, insurance, taxation, and investment decisions.

The valuation of individual units within a multi-unit building takes into account factors like size, location, amenities, building condition, and market conditions.

Purpose of Unit Valuations

Property Sale and Purchase

Helps determine a fair price for buying or selling units.

Investment Analysis

Assists investors in assessing potential returns and property value.

Financing

Lenders use valuations to assess loan amounts and eligibility.

Insurance

Ensures proper coverage based on unit value.

Methods of Unit Valuation

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