There are specific challenges faced by those working with commercial properties in order to ascertain the correct market rental value. Build on your basic valuation techniques and learn new skills to address these challenges and gain a better result for your client.
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As a high-risk area, identifying the correct market rental value of a commercial property is essential for the valuer to mitigate risk, manage insurance and expand business.
Building on the fundamental principles of valuation, you will consider specific challenges faced by those working in the commercial market, taking into account the need for additional financial considerations that aren’t applicable to residential or industrial markets.
Commercial properties are often ‘unique’ presenting additional challenges to the acquisition and use of effective comparables. How can you adjust them for each property? Consider also how short and long leases affect value and what methods of valuations may best suit varying property types.
Through the identification of specific challenges to commercial valuation, you will refine the skills needed to produce effective reports for your client.
Using a PowerPoint presentation as a basis, you will take part in a series of discussions and interactive exercises that will help apply knowledge learnt in the session to real-life scenarios. Discussions will be interspersed throughout with an open question and answer session to close the class.
Commercial property valuers with a working knowledge of valuation methods and processes for leasehold properties.