Consequently, in the world of valuation, there are many different types of properties that need to be valued. In addition, they are, but not limited to commercial, residential, industrial, rural, specialised, hypothetical developments and much more.
Moreover, when you value a residential site, the method used is direct comparable sales. Likewise, when valuing a commercial property, you take into account the income that property produces. In addition, the type of method used for a commercial building is the capitalisation of net income. Similarly, when you face complex valuation reports, we recommend having two different valuation methodologies for accuracy.
Furthermore, as discussed before, the most common method used for a commercial property is the Capitalisation of Net Income and the secondary method used would be the direct comparison.