Formal Aspects
A good appraisal report should be transparent and comprehensible. The determnation of the value drivers should be well-documented and referenced, so that an expert reader may be able to quickly assess the report's quality.
Most appraisal reports are structured as follows:
- Introduction, date of valuation, customer and purpose of the valuation;
- Documentation of land register and other legal factors;
- Description of land and improvements;
- Analysis of the market situation and rental contracts;
- Documentation of the determination of value drivers;
- Calculation and value statement;
- Appendix with photo documentation.
Read more about this topic: German Income Approach
Famous quotes containing the words formal and/or aspects:
“On every formal visit a child ought to be of the party, by way of provision for discourse.”
—Jane Austen (1775–1817)
“... of all the aspects of social misery nothing is so heartbreaking as unemployment ...”
—Jane Addams (1860–1935)