Tag: evaluation of the premises

Among other types of work, which related to the determination of the market value of real estate, the special place taken by evaluation of the premises. Such objects are much more complex than, for example, residential real estate, both in itself and in terms of their evaluation.

Most of the work on the valuation of premises is related to the process of concluding lease agreements for municipal real estate in Kyiv. These works are quite specific. And their main feature from the point of view of the customer is that the documents are subject to mandatory coordination in the Department of municipal property of the Kyiv City Administration. If the work is not done properly, it simply will not pass the review procedure (the inspection). And the customer will simply lose time and money. Not to mention the cases of undervaluing or forgery of documents, which unfortunately sometimes occur when working with communal and public property. But this is, as they say, another story.

The evaluation of premises requires a special approach. Each individual situation has a huge number of nuances that have a direct impact on the value of the property. Unlike apartments, where the price situation is usually obvious, commercial real estate objects «by the eye» it is impossible to evaluate. If, of course, we are talking about quality service. Such objects are almost always calculated using two, and sometimes three different approaches. It can be said, from different points of view:

1. Analysis price proposals for the sale of similar premises.
2. Examining the rental market for such real estate and transitioning from probable lease payments to the market value of objects.
3. Preparation of cost lists or estimates for the purchase of land and the construction of a similar building. Although it must be said that this approach is more often used in the evaluation of detached buildings and structures.

And before the list of thematic articles we want to remind readers that the room is part of the interior space of the building. This part is usually marked with walls, as a separate object, in order to perform a certain function: store, office, warehouse etc. That is, the building consists of premises. And the room in turn cannot be «detached».