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Valuation of a Property Essay Example

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Valuation of a Property

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Valuation of a Property. Property valuation depends largely on how well the property is kept up, as well as what type of people are inhabiting the property grounds, who utilizes the facilities, and so forth.  Valuation is largely determined by the type of neighborhood in which the facility or property is located.  Therefore, if the neighborhood has deteriorated, this does not bode well for the capital value of the property.  It is essential that a property is maintained well in order to command a high property value.  As such, it only makes sense that the owner of a property should see it in his or her best interest in order to properly maintain the quality of the property in question.  As can be seen from the graph, the Warrington Park and the Liverpool Office are at the bottom of the totem pole in valuation.

  However, Liverpool Retail is almost comparable to Warrington Office.  This signals that Warrington and Liverpool might be lower-class than Manchester, but their valuations are about equal in terms of having one property with a medium valuation and one property with a small valuation apiece.  Having said that, it might behoove the owners of the Liverpool and Warrington properties to be especially vigilant as it pertains to the upkeep of their respective properties.  This is key.Property valuation depends largely on how well the property is kept up, as well as what type of people are inhabiting the property grounds, who utilizes the facilities, and so forth.  Valuation is largely determined by the type of neighborhood in which the facility or property is located.  Therefore, if the neighborhood has deteriorated, this does not bode well for the capital value of the property.  It is essential that a property is maintained well in order to command a high property value.  As such, it only makes sense that the owner of a property should see it in his or her best interest in order to properly maintain the quality of the property in question.  As can be seen from the graph, the Warrington Park and the Liverpool Office are at the bottom of the totem pole in valuation.  However, Liverpool Retail is almost comparable to Warrington Office.  This signals that Warrington and Liverpool might be lower-class than Manchester, but their valuations are about equal in terms of having one property with a medium valuation and one property with a small valuation apiece.  Having said that, it might behoove the owners of the Liverpool and Warrington properties to be especially vigilant as it pertains to the upkeep of their respective properties.  This is key.II. Net Rental Income. (179 words)The net rental income for the Manchester properties both increased slightly.  In the meantime, the Warrington properties’ net rental income stayed about the same.  Meanwhile, the Liverpool properties’ net rental income slightly upticked before returning close to its original figures posted.  This could have to do with several factors.  The net rental income of Manchester properties would probably go up, especially if the neighborhood, over the years, continued to be a safe environment in which to own a business and so forth.  The Manchester properties’ net rental income increase demonstrates that these properties are very valuable and that they should be kept up with care.   . Valuation of a Property.

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BIBLIOGRAPHY

Jannen, B.J. 2010. Accepted methods of property assessment. [Online Article].

Available: http://www.ehow.com/list_6064605_accepted-methods-property-assessment.html

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