Valuation may be made for various purposes namely mortgage, insurance, company account, merger bid etc. and it does not necessarily follow that the same figure will be got if the same property is valued for different purposes.
Often, the method of valuation depends on the nature of interest and the purpose for which the valuation is being made. An obvious example is a valuation for mortgage and for insurance. While the former will comprise everything that makes the property, viz: the structure, location prevailing rental figures for similar properties in similar locations, the latter will obviously exclude land as this is an unlikely item to suffer in the event of destruction. This will undoubtedly create a divergence in the two valuation figures notwithstanding the fact that it is the same property that is being valued by the same valuer.
We undertake the valuation of landed properties, items of plant and machinery and other chattels for public and private sectors of the economy for the under-listed purposes:-
- Sale and purchase
- Mortgage
- Insurance
- Balance sheet
- Rental
- Merger and takeover bids
- Rating
- Redevelopment
- Going concern
- Taxation