A property's value is defined as the present value of future benefits arising from the ownership of the property. Property value is generally realized over a long period, unlike many consumer goods that are quickly used.

Property valuation, Real estate appraisal, or Land valuation, is the process of developing an assessment of value for real property. Real estate transactions often require appraisals compared to corporate stocks that are traded daily and are identical because every property is unique, and the transactions occur infrequently.

A home's value helps the Owner or Seller know how much money they can expect from its sale while assisting the buyer in understanding how much they can realistically afford on their budget. Property Value also has a bearing on people exploring a home loan or mortgage refinance because a bank or lender uses the property value to determine how much it will finance and at what terms.

Factors affecting property value: Several factors influence the value of a property. 

The key factors are: 

• Economic Factors

• Political Factors

• Supply and Demand

• Location

• Comparable properties

• Home Size and usable Space

• Age and Condition 

• Interest rates

• Renovation potential

• Upgrades

Property Valuation Services: Many agencies offer professional property valuation services. The valuation advisors help one know the real value of a property or real estate assets using real-time data, world-class research, and tech-based solutions. Their services include:

• Land valuation

• Immovable property valuation

• Plant & machinery valuation

• Commercial properties valuation

• Special purpose vehicle valuation

Property Valuation agencies network with the sector for local market insights, and globally-connected teams and leverage global practices to help assess the value of assets or portfolios. They provide sound and professional expertise and continuity across real estate asset classes, taking a sector-specific approach.