Augusta
VIP Contributor
Real estate or Property has got its elements of value. This is where you can assess to derived your value level of your property from.
The truth is that we all need to know the value level of our real estate. And this four elements come into Play.
The four elements of value of real estate include
Demand:
This is about the level of the desire or need for ownership of the property Is the level of the property demand high or low. It should be high to show a high desire means
Utility:
This is the satisfaction the property will bring even in the future . This is about the owners' desires and needs being met
Scarcity:
This another good measuring element. This is about the finite supply of competing properties which thr property need to have. With the property be able to compete with property with it's same range in the future
Transferability:
Another value element is the Transferability rate. There's always a value accrued to properly that cam be easily transfer without hitches This is to say the ease with which ownership rights are transferred without stress. The property should be one that the future cost will match with it's value when assessed.
The truth is that we all need to know the value level of our real estate. And this four elements come into Play.
The four elements of value of real estate include
Demand:
This is about the level of the desire or need for ownership of the property Is the level of the property demand high or low. It should be high to show a high desire means
Utility:
This is the satisfaction the property will bring even in the future . This is about the owners' desires and needs being met
Scarcity:
This another good measuring element. This is about the finite supply of competing properties which thr property need to have. With the property be able to compete with property with it's same range in the future
Transferability:
Another value element is the Transferability rate. There's always a value accrued to properly that cam be easily transfer without hitches This is to say the ease with which ownership rights are transferred without stress. The property should be one that the future cost will match with it's value when assessed.
