How is Industrial Property Appraisal conducted
How is Industrial Property Appraisal conducted Besides buying-selling deals the reasons for determining the value of any Industrial Property can be many. Property Valuers have a choice of five basic methods for conducting an industrial property evaluation, and the choice is governed by the category of the property in question. In an analysis situation, more than one method may be resorted to. The Comparison Approach: Usually the most popular one, because it is directly linked to current market transactions. It works well when the market is stable (or the trend is stable) and there is ample data – many recent sales of comparable properties. With less such instances, adjustments are made based on similar sales in other comparable areas or regions. UCAS who conduct Industrial Appraisal Toronto (Montreal & Ottawa as well) have a most extensive data base and so are best positioned for such evaluation. The Comparison method is generally suitable for offi