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:
“The manifestation of poetry in external life is formal perfection. True sentiment grows within, and art must represent internal phenomena externally.”
—Franz Grillparzer (1791–1872)
“I suppose an entire cabinet of shells would be an expression of the whole human mind; a Flora of the whole globe would be so likewise, or a history of beasts; or a painting of all the aspects of the clouds. Everything is significant.”
—Ralph Waldo Emerson (1803–1882)