Valuations

Property Valuations are obtained for many reasons

• Insurance Purposes
• Mortgage (often needed by the bank or credit union)
• Your Personal information

The client is asked to provide for Residential properties

• Land Tax bill (copy of the most recent)
• Surveyor's plot plan
• House architectural plans (optional)
• Purpose of the Valuation
• Requested by whom
• Presented to whom

The client is asked to provide for Commercial properties

• Same as above and in addition
• Rental Income
• Financial Statements including Income Statement & Balance Sheet (optional)

Once this information is obtained the property is visited and photographed inside and out, measured, the structure and finishes are inspected inside and out. We then investigate for comparable properties that may have sold in recent times or are listed for sale. These findings are compiled to determine the Replacement Cost Analysis and Fair Market Value of the property. Income Capitalisation approach is used when needed.

The valuation report will contain all the information that has been collected

• Location and surrounding area of the property
• Structure & internal finishes of the property
• External finishes Landscaping, fencing, pool etc.

The report further explains the three main methods used by valuers and accepted by all banks and organisations. We provide the comparable information, the cost values used for our comparable cost analysis to determine the value of the property.

For any Questions, please Email Us at info@luxecaribbeanproperties.com