Factors Affecting Property Valuation
Location
The location where a property is situated plays a crucial role in its valuation.
Amenities
Modern buyers seek comfort. Properties with better amenities will be higher in value.
Structure of the property
The building’s quality, size, material, and design are important factors in real estate property value.
Demand and Supply
The demand and supply equation affects property valuation.
Economic Trends
Economic trends such as the job market, growth, and financial stability impact property valuation as well.
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