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
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