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to many to list, many almost never come into play, but may need to be considered. even in the variables used there are variations in to variables. there are courses in valuations run by universities where over the 3 years you should learn most of the theory and the variables.... but there...

you think wrong the purpose of a valuation must be stated in the report. If we do a valuation for a purpose other than mortgage security different clauses need to be inserted or deleted. A property only has one market value - generally. cheers RightValue

Actually Craig, the basic methodology is sound and is the method I use to analyse sales evidence to arrive at rates to summate a value for a property. The rates you use look out by a fair bit and there are a few more variables to consider, but as I said the basic methodology is sound. cheers...

Too true. It reminds me of one I did a couple of weeks ago .. a very anxious owner needing a "good figure" she told me. The owners estimate of value on the job sheet said $260k .. I asked her how much she thought the property was worth, she said she had no idea ..So I asked what she need the...

If it is not on a separate title then it may or may not add too much extra value. As mentioned it becomes mre comparable to a larger house. As also mentioned it may be more valuable to the investor, but that is not the bulk of the market of potential purchasers of residential properties...