Why do you need a commercial real estate appraisal?

Commercial real estate is understood as any object, earmarked for income. This type of real estate includes: business centers, shops of various sizes, hotels, warehouse, production and office premises. With regard to the assessment, then it is possible to determine different types of value, depending on specific circumstances.

• Market;
• Investment;
• Liquidation.

The most common option is to evaluate commercial real estate at market value.. This is the price at this point in time, considering the possibility of earning income in the future. This is the specificity of the assessment of such objects.: a distinctive feature of commercial real estate is making a profit.

When commercial real estate appraisal is required

You will probably have to use the services of a professional real estate office, evaluating, in such cases:

The procedure for the formation of prices for non-residential real estate

If you want to purchase commercial real estate, it's important to know, what are the components of the price per square meter. The cost of a commercial object is determined by such factors:

• Current state of the market. The initial cost of the "square" depends on this factor.. Its increase or, vice versa, the decrease depends on the type, purpose and individual characteristics of a building or room;
• Location. The transport accessibility of the building is also important.. Naturally, the closer the object is to the center, the purchasing power (as an option - rental rate) higher. Building, on the outskirts, are cheaper. but, there are also disadvantages here. Getting to an office or store can be difficult. Yes, and placement in a non-prestigious area does not in the best way affect the image of the enterprise.;
• Functional purpose;
• Room footage, its appearance and layout;
• Good condition of utilities and utilities increases the value of real estate, centralized heat- and power supply, air conditioning system, as well as a security system;
• Availability of communication facilities (telephone and Internet access). The business activity of the enterprise largely depends on this.. You should not make an article of savings from this point., since the time, spent on independent connection to telecommunication networks, fraught with losses for the company.

This is an average set of assessment factors, taken into account by the realtor, but a lot also depends on the functional purpose of the object. For example, for a store or office, their location and transport accessibility are of primary importance. For warehouse – type and equipment of the building.

What documents are required for the assessment

For that, that an appraisal of non-residential real estate is carried out, such a documentation package will be required:

• Set of title documents;
• Full technical passport of the building, with explication and floor plans;
• Rental data for the entire building: number of contracts, lease terms and rates;
• Documents on the ground;
• Information on the presence of encumbrances;
• Document, confirming the carrying amount of the property at the time of appraisal.

The results of the assessment are reflected in the report with a detailed analysis of the state of the Odessa market, Odessa region and justification of the value of the property. The real estate office also provides a justification for the choice of a specific approach and the reasons for refusing other methods.. Photocopies of documents are also attached to the report., provided by the customer.