Real Estate Valuation
According to the International Valuation Standards
In any part of the Georgia
Together with IVS certified appraisers
base2023 Your trusted partner in real estate valuation. Whether you are selling, buyin or investing in real estate, an accurate appraisal report is crucial for making informed decisions. Our certified appraiser will reliably and accurately evaluate the real estate you are interested in. We understand the significance of precise property valuation and utilise cutting - edge technology and comprehensive market analysis to provide fast, high-quality and accurate valuation service, but what truly sets us apart is our personalised approach dedicated to ensuring our clients' needs are met.
Property Valuation Tool
How do we value real estate?
After you decide to cooperate with us and select the service you want, you need to provide us with the cadastral code of the property to be appraised and any other information that you think will affect the value of the property.
When you let us know for what purpose you want the property appraised, our specialists will help you select the type of appraised value and also schedule an inspection of the property. During the inspection, they will take pictures, assess the physical and functional condition of the property. In due time, we will provide you with the evaluation report, which will describe in detail the legal and physical characteristics of the property, the market of the property to be evaluated, the opinion about its best use, the evaluation processes and the evaluation methodology will be described.
Residential real estate valuation
When evaluating the market value of an apartment, two main approaches come in to play: the market method and the income method. The market method also known as the sales comparison approach ,involves assessing an apartment's value by comparing it with recently offered properties in similar locations. On the other hand, with the income method, we calculate an apartments value based on its annual rent income or potential annual rent. In additional to these two approaches for apartments, when evaluating a house, we can also consider another approach called the cost method. This entails calculating the construction expenses for similar house and factoring different types of depreciation to determine its overall value.
Commercial real estate valuation
The primary approach for commercial real estate valuation is the income approach, which involves to calculating the annual net operating income from rent and determining the capitalisation rate (cap.rate) for the property being valued. The second most commonly used valuation method is the Market approach. This method compares the property being valued to similar apartments that are currently offered for sale.
If you are running the commercial space and want to assess its value, its important to consider not just the value of the real estate but also include an evaluation of any business assets associated with it. If you require such an assessment, feel free to proceed on this page.
Land plot Valuation
Determining the correct valuation methodology. when it's come to valuing land, there are several methods that can be utilised, including the market method, subdivisional development method, distribution method, extract method, residual value method and land capitalisation method. For a more extensive description of each methodology, you can find it here.
Specialized real estate valuation
When it comes to specialized real estate, like industrial warehouses, mining properties, or civil properties, accurate assessment often involves evaluating not only the real estate value but also the business asset value or personal property valuation. It is important to determine which type of valuation is appropriate for your specific needs and how it can be set up correctly. feel free to contact us for guidance on selecting and implementing the most suitable valuation approach.
Address: st. Tbilisi, G. Kartozia St. N4
Phone: +995 577 155 144
+995 577 650 101
Mail: info@base2023.ge
Address: st. 2 Sarajishvili St., Kutaisi
Phone: +995 577 155 144
+995 577 650 101
Mail: info@base2023.ge
Address: st. Zugdidi, P. Kobakhidze St. N2
Phone: +995 577 155 144
+995 577 650 101
Mail: info@base2023.ge
