Factors Affecting Valuation

Several key factors influence property valuation:

• Location and neighborhood characteristics
• Property condition and age
• Market conditions and trends
• Economic indicators
• Legal and zoning restriction

Best Practices in Property Valuation

• Use multiple valuation methods when possible
• Stay updated with market trends
• Consider both micro and macro-economic factors
• Document all assumptions and calculations

Choosing the right valuation method depends on various factors including property type, available data, and intended use of the valuation. Professional appraisers often use a combination of methods to arrive at the most accurate value estimate.

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