Appraisal of Houses - Apartments

Are you planning to buy, sell, transfer, mortgage loans, contribute investment capital, liquidate assets, calculate taxes, compensate, resolve disputes,... townhouse - apartment?

Are you worried about buying high and selling low because you don know what the real value of the house you own is?

Come to Hoang Quan Appraisal, and we will help you valuation of townhouses - apartments accurately and professionally. Contact to Hoang Quan Appraisal’s phone to learn about our comprehensive services.

ZALO/TEL: 0934 252 707

The real estate market situation is fluctuating unpredictably. Townhouse - apartment prices can constantly change due to location, area, amenities, interior condition, market price fluctuations,... If you don research the real estate market carefully, you can easily buy high and sell low on your townhouse or apartment. Valuation of townhouses - apartments is the solution that helps you solve this problem.

What is the valuation of a townhouse - apartment?

Valuation of townhouses - apartments is the determination of the market value of a townhouse or apartment at a certain time to serve many different economic and non-economic purposes. The process of valuation of townhouses - apartments is based on the assessment of location, area, utilities, interior condition, legal status, real estate market fluctuations,...

Types of townhouses and apartments need to be appraised

Types of townhouses need to be appraised

What is a townhouse? A townhouse is a type of house with a frontage adjacent to a road, located on a separate plot of land, with a private entrance, may have a garden, garage,... used for residence, business or rental. There are 3 main types of townhouses that need to be appraised:

• Valuation of commercial townhouses: with large frontages, usually 2 or more frontages, used for business.
• Valuation of adjacent townhouses: built next to each other, sharing the same side wall and facade, built in many urban areas and city centers.
• Valuation of detached townhouses: built independently, with 4 frontages, large area, not adjacent to other houses, built in prime locations.

Types of apartments need to be appraised

What is an apartment? An apartment is a type of house located in a building, with a separate usable area, walkways and service systerm such as elevators, stairs, swimming pool, park,... used for living or lease.

• Valuation of Apartments: built in an apartment building, sharing the same utility and service system.
• Valuation of Studio: has a small area, usually from 25 - 65 m2, usually only has one bedroom, one living room, one kitchen and dining area.
• Valuation of Officetel: is a type of apartment that combines an apartment and an office, usually with an area of 30 - 70 m2, can be used as an office or residential area.
• Valuation of Shophouse: has an area of 60 - 200 m2, located at the front of the building, designed for both residential and business purposes.
• Valuation of a penthouse: the apartment is located on the top floor of the building, with a large area of 100 - 200 m2 or more and a clear view.
• Valuation of duplex: has two floors, designed through floors with an area of 100 - 200 m2 or more.
• Valuation of sky villa: is a type of apartment with an elevated garden, with an area of 200 m2 or more.

Why is it necessary to appraise the value of townhouses and apartments?

Townhouses and apartments are the two most popular types of real estate today, bringing many important values to the owners. Therefore, valuation of townhouses - apartments is very necessary.

Valuation of townhouses - apartments helps the parties involved in the transaction determine the fair value of the property, avoids the situation of buying high and selling cheaply, and protects the interests of the parties involved in the transaction, transfer, mortgage, etc.

Valuation of townhouses - apartments helps parties involved in the transaction save time and money in property valuation and avoid legal risks in property-related transactions.

The purpose of valuation of townhouse - apartment

Nowaday, customers choose Hoang Quan Appraisals service for determining the valuation of townhouses - apartments to serve the following goals:

• Determining property value: owners of townhouses and apartments will know the exact value of the real estate they own, using it to prove their financial capacity to apply for a student, tourist or permanent visa. residing abroad.
• Buying, selling and transferring: townhouse - apartment price appraisal helps the parties involved in the transaction determine the fair value of the property, avoiding overbuying or selling cheaply.
• Mortgage loan: banks rely on appraisal results to determine the value of collateral assets and make decisions on loan limits and interest rates.
• Contribute investment capital: townhouse - apartment value appraisal certificate helps investors clearly understand the property value and make the most optimal investment choice.
• Liquidation: determining the value of townhouses - apartments helps the owner determine the value of the property and set an appropriate liquidation price.
• Tax: tax authorities rely on appraisal results to determine the value of taxable assets and provide accurate tax rates.
• Compensation: authorities need to determine the value of damaged townhouses and apartments to compensate people appropriately.
• Dispute resolution and litigation: the court will determine the value of the disputed property through appraisal results and make a fair judgment.

The method of valuation of townhouses - apartments

The method of determining the value of a townhouse - apartment is used to determine the market value of a townhouse or apartment at a certain time. There are three most popular methods of appraising the valuation of townhouses - apartments:

Comparison method

This is the most popular method of valuing townhouses and apartments. This method is based on the prices of similar townhouses and apartments that have been successfully traded on the market. To apply this method, appraisers need to collect information about similar townhouses - apartments in terms of factors such as location, area, amenities, actual condition,...

The appraiser will use the information collected to compare with the townhouse - apartment that needs to be valued. The value of the townhouse - apartment that needs to be appraised will be determined by adjusting the price of similar townhouses - apartments to suit the different factors between townhouses - apartments.

Cost method

The cost method is a method of appraising the value of old or damaged townhouses - apartments based on the cost of rebuilding or replacing a similar townhouse - apartment.

To use the cost method, the appraiser needs to collect information about the cost of constructing or replacing items of the townhouse - apartment to calculate the total cost of constructing or replacing the townhouse - apartment. The value of townhouses - apartments that need to be valued will be determined by subtracting the depreciation of townhouses - apartments.

Income method

The income method is a method of valuing townhouses - apartments used for business and rental based on the profitability of a townhouse - apartment.

The appraiser needs to collect information about the rental prices of similar townhouses - apartments and calculate the expected cash flow of townhouses - apartments. The value of houses to be appraised will be determined by discounting the expected cash flow to the present time.

The choice of method for appraising the valuation of townhouses - apartments depends on the purpose of appraisal, characteristics of the townhouse - apartment and available information. Therefore, each townhouse, apartment or condominium will be valued at many different values.

The following legal documents are required for valuation of townhouses - apartments

When you make a valuation of townhouses - apartments, please provide the following legal documents for a more accurate and comprehensive:

• Certificate of ownership of houses, townhouses, apartments.
• Construction permit (if any).
• Design drawings have been approved.
• Sales contract with project investor (for apartments).
• Extract of detailed planning map (if any).
• Registration fee declaration (if any).
• Other related documents.

Regulations of valuation of townhouses - apartments

Valuation of townhouses - apartments is the activity of valuing assets such as townhouses, apartments, condominiums, etc. According to the provisions of Appraisal Laws and relevant legal documents such as:

• Appraisal Laws 2012
• Appraisal standard No. 11 belongs to Circular 145/2016/TT-BTC issued on October 6, 2016, on the valuation of townhouses, apartments, and condominiums.

Valuation of townhouses - apartments process

Step 1: Receive valuation request: The appraisal unit receives the customers valuation request and collects the following information:

• Name of person requesting valuation.
• Purpose of valuation.
• Assets need appraisal.
• Time of valuation.

Step 2: Site investigation and information collection: The appraiser conducts a site survey and collects information about the assets that need to be appraised:

• Location of the property.
• Area of the property.
• Structure of the property.
• Legal status of the property.
• Usage status of the property.

Step 3: Analyze information, choose valuation method: Appraiser analyzes collected information and selects appropriate townhouse - apartment valuation method, the most popular is the comparison method. 

Step 4: Determine the value of the townhouse - apartment: The appraiser applies the selected appraisal method to determine the value of the property.

Step 5: Prepare a valuation results report: The valuation results must fully provide the following information:

• Name of agency or organization performing price appraisal.
• Name of person requesting appraisal.
• Name of the asset to be appraised.
• Valuation method is used.
• Valuation results.
• Conclusion of the appraiser.

Step 6: Provide results and valuation certificate to customers

Costs for valuation of townhouses - apartments

How to calculate the cost of valuation of townhouses - apartments

The cost of valuation of townhouses - apartments is calculated as a percentage (%) of the propertys value to be appraised. This percentage (%) is specified in Circular No. 200/2016/TT-BTC issued by the Ministry of Finance on November 21, 2016. Accordingly, the percentage (%) of the cost is from 0.3 - 0.5%.

Formula to calculate the cost of appraising the value of townhouses - apartments:

Cost of appraisal = Percentage (%) * Value of asset to be appraised

Eg: The value of the apartment needing appraisal is 10 billion VND, the appraisal cost will be calculated as follows:

Cost of appraisal = 0.3% * 10,000,000,000 = 30,000,000 VND.

Quotation for valuation of townhouses - apartments at Hoang Quan Appraisal

Besides land appraisal services, Hoang Quan Appraisal also provides many related appraisal services for customers in need such as:

• Valuation of real estate: houses, villas, villas, offices, shopping centers,...
• Appraisal of land, real estate, rented land, residential land, project land,...
• Appraisal of factories, construction works, factories, enterprises, warehouses,...

Hoang Quan Appraisal - The most reputable organization for valuation of townhouses - apartments in the market 

Hoang Quan Appraisal is an organization that appraises the valuation of townhouses -  apartments with more than 21 years of experience, owns a team of highly specialized appraisers, and has an appraisal practice certificate from the Ministry of Finance.

Hoang Quan Appraisal is the only valuation organization trusted by the Ho Chi Minh City Department of Construction to advise on real estate market price indexes for Quarter III, Quarter IV, and the whole year 2013 in Ho Chi Minh City. Therefore, we always update the latest information about the real estate market, ensuring the results of townhouse and apartment value appraisals are always accurate and objective.

Currently, Hoang Quan Appraisal is expanding cooperation and association activities with large domestic and foreign banks to support and provide the best services to its customers.

See more: List of banks affiliated with Hoang Quan Appraisal (latest update 2024)

If you need to appraise the valuation of townhouses - apartments, or condos, Hoang Quan Appraisal is a reliable choice for you.

⋙⋙⋙ CONTACT US NOW

HOANG QUAN APPRAISAL COMPANY LIMITED

• Address: Hoang Quan Appraisal System
• Phone number: 0934.252.707
• Facebook: Thẩm Định Giá Hoàng Quân
• Email: contact@sunvalue.vn

VALUATION OF TOWNHOUSES - APARTMENTS SERVICES - HOANG QUAN APPRAISAL COMMITS:

☑️ Quick and free consultation, quick fee quote within 1 hour, AMAZING DEAL for the appraisal fee.

☑️ Simple and quick procedure.

☑️ Return appraisal results QUICKLY.

☑️ The appraisal certificate is accurate, objective, honest, and has high legal value according to the regulations of the Ministry of Finance.

☑️ Absolutely secure customer information.

Conclusion

Valuation of townhouses - apartments is an important and necessary job, especially in the current complex and fluctuating real estate market. To get accurate and objective appraisal results, you need to choose a reputable appraisal unit with a team of experienced and highly specialized appraisers.

If you need to appraise the valuation of townhouses - apartments, please contact Hoang Quan Valuation for consultation and support.

Hoang Quan Valuation - Solid foundation

For all townhouse - apartment transactions!

Source: hqa.com.vn