What is an Appraisal Report ?

interest in the real estate sector continues to grow and increase. The biggest reason for this increase is the increase in population and the need for housing.

When it comes to the real estate sector, the value of the real estate has gained importance and the need for appraisal has emerged over time. The appraisal process, which we can define as the work done to determine the value of the real estate by the expert, is a very important work for the real estate sector.

You may often hear the question of what is an appraisal. However, as much as this question, who does the appraisal and how they determine the value of the building are also among the questions that are curious. Appraisal procedures are carried out by experts called experts. AIdjusters consider some conditions and details while determining their prices and carry out their work in this direction.

Expertise Report and Rules

There are some rules that experts should know in order to keep a valid and accurate appraisal report and to conduct in-depth research while creating the report.

The rules to be followed in order to keep the valuation report correctly are as follows;

- The real estate identity of the building is one of the most important rules during the research phases of valuations. In this case, the area of ​​the real estate should be clearly stated by the appraiser.

- Notifying who the building belongs to is also among the important details. The research starts with determining who the building is registered to in the title deed.

- Then, it is investigated how many floors the building has and whether any floors or floors can be added to the building afterwards.

- Another important issue among the research topics is how old the building is. Appraisals determine the value of the building by questioning how old the building is. Because the prices of young buildings are always higher.

- Another important factor when appraising the value by the experts is how convenient the access to the building is. For this reason, the prices  of buildings that are close to transportation networks, the market center or the city center are higher than the others. Considering all these factors, attention is also paid to the convenient and easy transportation network in the reports kept by the expert.

- After the experts have determined the details in the items we have mentioned above; They determine the physical condition of the real estate, whether the real estate has been damaged after the earthquake and what the infrastructure of the building is.

- Finally, whether the building is masonry or concrete, wooden or steel carcass is also an important detail for the appraisal report to be prepared by the appraiser.