In order to achieve seamless results, property for valuation is prepared by our land surveyors to commence technical assessment of construction methods and materials, in order to give a detailed report.
What is a property valuation?
In property valuation, the assessment of property’s value is based on the location, condition, and multiple other factors. Your valuation will be carried out in person by a professional surveyor who will take notes and photographs, and then send you a valuation report
Now more than ever, the danger of carrying out inaccurate valuation is catastrophic; threatening the entire credibility of property valuation, putting doubt in the mind of investors, and putting performance measurement for landed properties in jeopardy. When executing property, a valuation report can serve as a proxy for transaction prices. This is of great value to professionals in the financial services, investors of like-minds, property owners, and the economy in general.
A snippet of how Geoinfotech land surveyors value your property
At Geoinfotech our land surveyors pay a physical visit to the property in order to determine its value. In accomplishing this a visit is done by viewing the property for around fifteen minutes to half an hour, depending on the size and condition of the building. During the physical land survey, we look out for any obvious defects that might affect the value of the property and confirm key details for the owner/lender. We then proceed to market the value of the property once the visit is complete by looking at any sales of similar properties in the area within the past few months to see how much they were valued at and sold for. Local market knowledge is also important to ascertain the supply and demand for similar properties in the area when determining the value. It would be prudent for you to use a surveyor who is registered and a member of the Surveyors Council of Nigeria (SURCON).
Working principles to follow for valuation of property, before the arrival of our Land surveyors.
- Provide adequate and necessary documentation
- Follow a Covid-19 friendly hygiene protocol
- Tidy up your property
- Key renovations conducted on the property should be highlighted
- Allocated time for the valuer to have complete uninterrupted access to the property
- Don’t miss a thing
We look to provide advice that will alert you to issues that will affect the property both as an investment or asset. We advise on issues such as:
- suitability for fit-out
- space utilization
- access
- ease of sub-division
- security
- service charge levels
- DDA issues
- compliance with statute tenancy issues
- planned maintenance.
Alternatively, if you would like to discuss your project in detail or if you are not sure what types of services you require, please call or email us for free advice and additional information.
