Property valuation services are offered by registered valuers, who provide an official valuation of the property's values based  on the market conditions, and the property's unique features like location, condition, and other factors. 

 

Therefore, this service comes at a cost, as only experienced and licensed valuers can stand in court to provide testimony.

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The steps for such a valuation include:

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Arranging and Inspecting the Property:

The registered or sworn valuer will come to your property and inspect it, as well as taking photographic evidence of the property's condition etc. 

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Request Certain Documents:

 If you are working with the right licensed or sworn valuer, you will likely need to provide them with a copy of the title deed,  your latest municipal account, building plans, and a zoning certificate.

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Valuation Report: 

A registered or licensed appraiser will prepare an official valuation report explaining your property value and how it was determined. 

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The property valuation report is provided by a registered or sworn valuer and produced as a thorough report, which includes certain features such as the size of the stand, the size of improvements, the physical description of improvements, as well as condition thereof.   This report might also list any immediate issues that may require attention, as well as the registered and comparative sales in the area.​​​​​​​​​​​​​​​​

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There are various types of properties that can be evaluated

by us.  This include:

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Residential Properties:

This includes new properties currently under construction

and pre-existing properties. Freestanding houses, apartments,

townhouses, and duplexes that are used solely for residential

purposes.

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Commercial (Business) Properties:

Property zoned for business or commercial purposes can

include buildings that are used for retail, such as shopping

centres, malls, hotels, and offices.

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Industrial Properties:

Industrial property includes factories, storage depots, and

warehouses. These properties can be used for the production,

storage, and distribution of products. Some of these properties

could also be classified as commercial, this is where zoning comes into play.

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Special Properties:

These types of properties are used for a specific reason.  This can include but are not limited to: medical and educational buildings, petrol (fuel) stations etc.

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There are various methods of valuation used.  The used of the method depends on the type of property being valued.  These methods include:

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Market Comparable Method: 

The method is most commonly used for residential property. The evaluator compares the current market value of properties (which are registered in the deeds office) in that area and uses it to create a comparative market assessment.

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Depreciated Replacement Costs Method:

In case there are no comparative property registered in an area, evaluators might use the method for a house valuation. Here, they will analyse the average cost of buying land, and building of a similar quality of improvements on the property in that area , and then depreciating it over time.  This method is also used with certain specialised properties.

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Income Method:

With this method the value of the property is determined, based on the market rental or lease of the property, and capitilisation thereof, based on a certain rate. ​

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