Market Information

Wednesday, February 22, 2017

Cost method is not very suitable for some types of real estate, for example, as facilities with a few architectural or aesthetic properties, structures with enormous wear and tear or monuments, which have artistic value. With some items can be seen that the income approach, as well as costly options are part of the market approach. Any of the They offer the use of various classes of information they find on the market. For example, the most important for cost-based method will be information on the actual prices for materials, labor, communications and other elements of expenditure. The income approach requires finding the data cap, which is also calculated according to the market. Of course, in practical terms described approaches are independent ways, different from the conventional market method, based on information about sales of similar objects. The last step plan provides a general schedule of cases to assess, and the required budget.

We study the expected expenditure of money and time to compilation and re-check the information. The final cost will depend on the amount of data than currently has a specialist from a lack of human resources, from rare or difficult problem to be solved and the level of your specialist. Often still need to record payments to many experts, are invited from the outside. Depending on the available estimate of the role of these experts are invited to art historians, lawyers, engineers or other professionals. For solutions are sometimes useful feature primary information.

Such information can be found through major social surveys, and for the study and classification of which need a long time. When a job is on the examination involve the preparation of a detailed report in graphic form, the appraiser must calculate the potential costs to implement the charts, tables, graphs, presentations, maps and other illustrative materials. As a result, it should be prepare and submit a final proposal to the client about the fee. Amount to be determined from calculations of expected costs, legal risks, the complexity of the job, reasonable distribution of costs and recruitment services. Total score can be calculated as the total amount or on an hourly fee. In the case where the fee is a percentage of the total cost, it can bring to the conflict of interest.