Property Valuation
MCG professional appraisers have in-depth knowledge of the property market and will be able to determine the market value of the property.
Standard recognizes three approaches to property valuation:
- Sales comparison
- Revenue capitalization
- Costs
The sales comparison method recognizes market prices and if this data is available, the sales comparison approach is the most systematic approach.
The revenue capitalization assumes that the value of the real estate is formed as a result of income received from the same property.
The cost approach to real estate value is determined by estimating the cost of acquiring land and building of similar utility. It is prudent for the evaluator to consider of all three approaches. The appraisers report on the final value depends on the data and procedures used by him/her, he/she compares the value indicators calculated by the different approaches and obtains the final indicator.
Real estate evaluation includes:
- Land evaluation
- Assessment of the buildings
- Commercial space evaluation
- Assessment of the dwelling
- Evaluation of equipment/special equipment
- Evaluation of machinery
- Valuation of intangible property
Assessment of intangible assets and intellectual property is gaining ground in modern enterprises. In the modern world, the use of fair value of intangible assets for financial reporting, enterprise acquisition/sale and other purposes is becoming increasingly important.