Mostly everyone knows why they need to do property valuation, but seldom do they know the steps to get to know your property value.

To intro, clients usually ask for property valuation to figure out the market price of their property. Why do they do so? One is to sell their property and rake in profits or maintain their home’s long-term value or assist in their investment decisions.

Suppose you plan on valuating your property. This is the article for you; we’ll provide a step-by-step guide on how property valuation is done. Starting with choosing your preferred valuer, provide necessary documents to your valuer, property inspection, property valuation report, and payment.

1. Choose your preferred valuer

Firstly, there are plenty of valuers available to assist you with your request to value your property. With the vast range and aid from the World Wide Web, you can select your preferred valuer from their portfolio, which can be found via their website.

Irhamy International Valuers (IIV) is a valuation company with more than 20 years of experience. Furthermore, IIV has served many financial institutions and corporations across diverse industry sectors.

2. Provide documents to your valuer

Once you have chosen your preferred valuer, you will need to provide necessary documents for them before they commence the property inspection – the next step of property valuation.

These documents are to ensure that the property does indeed belong to you. They are:

1. Title 
2. Sales & Purchase Agreement (SPA)

Once your valuers have received these documents, you can then set a date with your valuers for them to carry out the physical property inspection.

3. Property inspection

Next, you’ve passed the documents and set the date with your valuers; they will then come down physically to your property and inspect every inch of it. This includes the building’s age, the height of the building, the buildup, etc.

Additionally, they will also snap pictures of the subject property (internal, external, and surrounding).

They will also consider the modifications you have made to the home (it could either reduce or increase the price of your property).

Most valuers will ask for a deposit, and the balance payment after the report is complete. 

💡 For you: How to add value to your property. 

4. Property valuation report

Once your valuers have inspected your property, they will then prepare a report explaining in detail your property. 

Hence, the report will consist of:

1. Purpose of valuation
2. Subject property (property being valued)
3. Date of valuation
4. Title particulars
5. Details of property (location, property market condition, state of repair, lease details, etc.)
6. Basis of valuation (market value, forced sale value, fire insurance value)
7. Appendix (location plan, floor plan, and photographs of property – internal, external and surrounding)
8. Copy of documents (SPA, title, etc.)

5. Pay the fees

Lastly, you will have to pay the valuers the balance amount to receive the report.

The steps to value a property is simple, and valuers will ensure that your property valuation is done smoothly.

Find out your property value with the help of PROFESSIONALS!

Head on to Irhamy International Valuers and to know the value of more than just houses; value other properties –commercial, industrial, plants, machinery & equipment and intangibles!

IIV Global Main Contact Persons:

Retail / Mortgage Valuation: Nadia Jasni (+6017-670 4568)

Corporate / International Consulting: Nora Hassan (+6011-15639915)

If you have any other questions regarding property or you are keen on purchasing a property, drop us your contacts below, and we’ll be in touch!

The post Step-by-Step Guide To Property Valuation appeared first on IQI Blog.

What is Asset Valuation?

Asset valuation is the process of determining the fair market or present value of assets, using book values, absolute valuation models like discounted cash flow analysis, option pricing models, or comparables.

The most common valuations are tangible asset valuation, such as real estate, marine, energy, heavy industry, plant, machinery & equipment.

Valuers will use multiple types of valuation approaches/methods to ease the process of appraising the market price of these tangible assets accurately.

Type of Asset Valuation

1. Real Estate Valuation

Real estate appraisal, property valuation, or land valuation is the process of developing an opinion of value for real property. For example, houses, land, and other sorts of property.

However, real estate transactions often require appraisals because they occur infrequently, and every property is unique. 

For starters, valuers will inspect the real estate’s size together with the latest market value for comparison. Apart from that, they will also take into consideration economic and social trends, as well as environmental conditions that may influence the elements of value, such as:

• Demand: the desire or need for ownership supported by the financial means to satisfy the desire
• Utility: the ability to satisfy future owners’ desires and needs

2. Marine Valuation

Marine valuation involves valuation for all property or transportation that revolves around water or offshore. Thus, valuation could vary from commercial or recreational items, including shipyards, containers, oil tankers, and other water facilities and transportation. 

In fact, appraisal analysis of marine and offshore assets is a complex but vitally important task for any organization involved in asset financing, acquisition, and/or operation.

Hence, such appraisals require careful analysis of the asset’s technical details, condition, and a review of the asset’s operating market to react to changing market conditions.

Read more;

When Will I Need a Property Valuation?

3. Energy Valuation

Energy valuation services include oil and gas, metals and mining, and power and utility. Valuation for this sector is crucial, especially for businesses that deal with energy. 

The valuation consists of appraising the facilities, together with the functionality of their equipment.  

4. Heavy Industry Valuation

The heavy industry refers to an industry that produces large industrial products, which requires large and heavy machinery and facilities and involves complex production processes.

Common examples of the heavy industry include aerospace, shipbuilding, mining, machine tool building, etc.

5. Plant, Machinery & Equipment Valuation

Subsequently, valuers are frequently instructed to value plant, machinery, and equipment used together in an enterprise or by themselves. These include installations and support facilities for processing or manufacturing, designed to perform a specific pre-determined function.

Furthermore, they may also include all nonreality devices in fixed or moveable form, deployed in processing, manufacturing, or assembly of products from the stage of raw materials to finished goods. Separately reported items such as materials, inventories, finished products, patents usually do not form part of plant, machinery, and equipment.

In all valuation procedures, the valuers may use any appropriate method to value the class of assets. They shall disclose the method of valuation used in each valuation.

Valuate your business by PROFESSIONALS!

Head on to Irhamy International Valuers and valuate more than just businesses; valuate your properties – commercial, industrial, plants, machinery & equipment, and intangibles!

If you have any other questions regarding the property or you are keen on purchasing a property, drop us your contacts below, and we’ll be in touch!

The post Types of Asset Available in the Valuation Industry appeared first on IQI Blog.

What is valuation?

Valuation refers to the process of determining the present value of a company or an asset. It can be done using a number of techniques.

Moreover, there are a few factors that come to play when analysts want to place value on a company. Normally they will look at the management of the business, the prospective future earnings, the market value of the company’s assets, and others.

Why Business Valuation

Undoubtedly, business valuation is important for business owners for a few number of reasons apart from knowing your company’s worth:

1. Buying a business

Firstly, it’s normal that sellers and buyers to negotiate, discuss and have diverse opinions on the worth of a business – the real business is what the buyers are willing to pay.

Without a doubt, a good business valuation will look at market conditions, potential income, and other similar factors to ensure that the investment you are making is worth the money.

2. Selling a business

Secondly, When you want to sell your business or company to a third party, you need to be certain that you get what it is worth. That’s where business valuation comes in.

Therefore, the asking price should be attractive to prospective purchasers, but you should not leave money on the table.

Importantly, you should never estimate the value of your business nor pluck numbers from thin air. Hence, be sure to hire professionals to valuate your business for you.

3. Strategic planning

Indeed, the true value of assets may not be shown with a depreciation schedule, and if there has been no adjustment of the balance sheet for various possible changes, it may be risky.

On the other hand, some business owners made mistakes by hastily purchase new assets without planning or valuating their businesses.

Therefore, having a current valuation of the business will provide you clear information that will help you make better business decisions.

Read more;

Why is property valuation a must know for you

4. Selling shares in a business

For business owners, proper business valuation enables you to know the worth of your shares and be ready when you want to sell them.

On a side note, companies sell shares in their business to raise money. They then use that money for various initiatives.

Therefore, you ought to ensure no money is left on the table and that you get good value from your share.

5. Exit strategy plan

Finally, in instances where there is a plan to sell a business, it is wise to come up with a base value for the company and then come up with a strategy to enhance the company’s profitability so as to increase its value as an exit strategy.

On that account, it is advisable for you to have an exit strategy early enough before the exit.

Hence, a valuation with annual updates will keep the business ready for the unexpected. Apart from that, it will also ensure that you have correct information on the company fair market value and prevent capital loss.

Valuate your business by PROFESSIONALS!

Head on to Irhamy International Valuers and valuate more than just businesses; valuate your properties – commercial, industrial, plants, machinery & equipment and intangibles!

If you have any other questions regarding property or you are keen on purchasing a property, drop us your contacts below and we’ll be in touch!

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The post Top 5 Reasons why Business Valuation is Important appeared first on IQI Blog.

“How do we value our property? How much does our home cost?”

Most reasons for valuations are mortgages and these are most common and often raised questions. We at Irhamy International Valuers receive numerous requests from Juwai IQI agents and banks regarding property valuation and we are glad to help.

So how do we estimate the value of your property?

Firstly, a few information regarding the property (subject property) will be needed:

1. The address
2. The type of property
   • Example: Terrace, bungalow, apartment and etc.
3. The size of the property (land and built-up)

Once we’ve received this information, we’ll proceed to the next step of valuing the property. One of the most general methods is the comparison method – the property is compared to recent sales of equal properties. For example, a terrace is compared to other terraces; meanwhile, a bungalow will be compared to other bungalows.

From our database, we will gather the previous sales (the comparables). Roughly, it will promptly aid us in valuing the estimated price based on the location provided.

Main factors in valuing properties are location and transaction date of recently sold comparables. If the location and sales date are nearer to that of the subject property, the more accurate the estimated value.

Example: Comparison Method

However, a few more principles come into play – the details of the property. For example;

1. The property size – Subject property may differ from the comparables.
2. The orientation – East or North facing properties are better than West-facing properties. This is because they get the most direct sunlight throughout the day.
3. The house number – This might be sensitive or preferred by certain people.

Read more;

Why is property valuation a “must-know” for you?

A guide to add value to your property 2021

Do note that this is not the final value, it will require physical inspection. The final valuation report will be issued once other factors are weighed in together. Hence, market value.

Valuation is an art and science process, with the common mantra:

“AS WE VALUE, WE DEVALUE“

There are different guidelines for professional valuers:

Malaysia – The Malaysian Valuation Standards (MVS)

Global – The International Valuation Standards (IVS)

Find your property value with the help of PROFESSIONALS!

Head on to Irhamy International Valuers and value more than just houses; value other properties – commercial, industrial, plants, machinery & equipment and intangibles!

IIV Global Main Contact Persons:

Retail / Mortgage Valuation: Nadia Jasni (+60 17-670 4568)

Corporate / International Consulting: Nora Hassan (+6011-15639915)

If you have any other questions regarding property or you are keen on purchasing a property, drop us you contacts below and we’ll be in touch!

The post How do we value your property? An Insight on property valuation appeared first on IQI Blog.

Maintaining a property is one thing, what if you could increase the value of your property, hence raking in all that hard earnings throughout the years (or more)?

There are few factors when it comes to valuation that either increases the value of a property or plummets it. Among these factors are Location, Accessibility, Maintenance / Renovations and Quality of Construction. Now these are fixed factors, you can’t move your home next to a highway to add value. Instead, there are variable factors that is a sure hit to add the value of your property.

Regardless if you want to sell or to just valuate it at a high price, let’s get down to business and help you add value to your property! 

1. The first impression
2. Maintenance
3. Make some space!
4. Organize
5. Chill out, add an AC
6. Add greens
7. Upgrade the kitchen
8. Upgrade the bathroom

1. The first impression 

It’s normal for human beings to judge at a first impression and when it comes to property, no one would ever be interested in a rundown home.

There are a number of simple ways to keep your home attractive and on point:

• Clean the fences and pathways
• Tidy up the front door
• Repainting walls or door
• Secured tiles

These might seem little, but these are the things that could increase the value of your property. Furthermore, all of these can be done DIY and at minimal cost.

2. Maintenance

Yes this is a fixed factor but you can spend a few dimes to maintain your property. A lot of property may look great on the outside, but they scream help within.  Fix every minor problem before they become a major pain in your pockets and might affect your property’s valuation.

Structural defects like:

• leaking roof
• cracked walls
• infestations
• missing tiles

May affect tremendously on your property’s value, and if you are really keen on adding value for your property, it is vital for you to ensure that your property is always in check. No one wants to move in with flickering lights and leaking pipes. 

3. Make some space!

In most cases, the bigger the space, the higher the value. If you live in a small apartment, there are ways to trick the eyes and mind into thinking the space seems bigger. Remove any clutters and huge furniture, instead replace them with smaller cabinets or shelves to fill in spaces. 

There are plenty of other ways to make your small home appear big and these improvements does not cost an arm nor a leg and it can be done DIY. For example, paint the walls with brighter colours rather than darker ones, add mirrors to visually double the space and change to minimalist curtains.

4. Organize

As we were talking about space, no one wants to walk into a storm and it certainly applies in property. Keep it clean and get rid of any unneeded clutters. There’s no need to keep a 20-year-old magazine stockpiled on one end of a corner and make unnecessary mess of your property.

This does not only apply to the living room or bedroom, this includes the bathroom and kitchen. Buy small containers for your spices and other dry condiments and add a laundry bin for dirty clothes. 

Keep your property clean and keep your wallet secure. 

Read more;

Why is property valuation a “must-know” for you?

When will I need a property valuation?

5. Chill out, add an AC

Air conditioning system, one of the best inventions of mankind and it adds value to your property!

Everyone wants to keep cool and comfortable especially during hot weathers. What better way to chill out than to have an AC system installed in your property. An appraisal done by Money magazine, adding an AC system adds 10% (no, it’s not 10% per AC unit you have) to your property value! 

Source: Upgrading Your ‘Cool’ Factor: How Much Value Does Central Air Add to Your Home?

6. Add greens

It’s human nature to be attracted to greenery (not just money). Hence, one of the best way to add value to your property is by adding greens to your property. Think about adding minimal luxurious plants to boost appeal. High-rise property may not have outdoor common areas to place these beauties but it is still possible to decorate your property with delish greeneries. 

A small pot or small grouping display of plants is adequate for those with space constraints. No worries for those without green thumbs, you may purchase low maintenance houseplants such as the snake plant or palm leaves. 

7. Upgrade the kitchen

You know what they say, “the kitchen is made to bring families together”.

It sets the ambience for future family members and is usually the number one priority apart from a spacious living room. 

You don’t need to spend too much. For instance, simple upgrades like:

• fixing the tiles
• changing the kitchen lights
• polishing the kitchen cabinet

Major upgrades like a new kitchen stove can be done if you have deeper pockets. In the realty world, the kitchen can be the make-or-break deal. It is advisable to keep it attractive and aesthetic and very often they have a big impact.

Want some advice on on renovation and design add-ons to increase the value of your property? Head on to IQI concept. Upgrade your property with the award winning interior designing firm in Malaysia. 

8. Upgrade the bathroom

Yes, the room where everyone would spend their time watching their phones or gaining new ideas, especially when it’s hygienic and clean.

If you have a small budget set aside, consider to upgrade your bathroom. It does not need to be major improvements like a bathtub or a new cabinet, small fixes like:

• replacing rusty pipes
• new shower stalls
• polished sinks

These small upgrades could go a long way in order to keep the toilet fresh and squeaky clean. Best part is, all these minor changes can be done DIY and can be bought at any hardware stores near you.

Valuation is a key process for homebuyers and there are plenty to be done in order to add value to your property. Some upgrades may not be major, but in some cases the needs for major upgrades may come into play. 

If you’d like to have a valuation on your property and secure the best investment return of your property or assets, then we have just the solution for you!

At Irhamy International, we have over 20 years of experience on valuation across multiple industries. With over 200,000 successful valuations, they have helped companies make critical decisions at crucial points.

Interested to know more about valuation or want to have a property valuation? Fill in your details below and we’ll contact you shortly.

The post A Guide to Add Value to Your Property (2021) appeared first on IQI Blog.

How about getting double and triple the price for the assets you have? Only if you have done a property valuation with the right company! Remember: they must be an eligible company who is doing valuation while following the rules and regulations of the country.

Property valuation is definitely important, because it creates so many opportunities for us to secure returns in investment.

What is property valuation?

A property valuation is an estimation of a property’s value. A company’s worth can only be seen and gained in the future, and are affected by Demand, Utility (Satisfaction), Scarcity, and Transferability (ownership rights).

When will I need a property valuation?

There are many reasons you might need a property valuation –

1.       Buying and selling property

While buying or selling property, you should not decide on anything before knowing the real value of the property. For example, property from a bad location or an overpriced house will be a loss and is a big NO.

Even if buyers want to rent a house, property valuation is still important. This is because the rent of a property will have to be 6–10% of the estimated property price.

2.       Future planning for the estate

Planning for the future of your house by having a property valuation is included to make a fair deal. For example, if the owner wants to give the house to his/her children after he passes away, a proper property valuation will make it easier for the future.

3.       Retirement planning and mortgage

Once a person retires, it would be better for them to not have any mortgages. Certainly they would want to spend their retirement mortgage-free. Hence, knowing a property’s current value will help to plan for the future and ensure smart financial and mortgage-free decisions.

4.       Property tax

A good valuer or appraiser will make sure to give the buyer justice regarding taxes. If the tax is getting higher than what it should be, the property owner can appeal and fight for it through the assessment report.

The taxes can be made lower by the tax office if proper documents and applications are provided.

Read more: What are the hidden costs of owning a rental property?

5.       About capital gains

A property valuation will make sure that the capital gains will come out on the basis of fair market value, be it while getting advantages of favorable amenities, giving renovation fee, or paying the right amount of tax.

Thereupon, it can be said that valuations can shift the seller or buyer’s entire investment strategy, which is why it should be a must-know for you.

If you’d like to have a valuation on your property and secure the best investment return of your property or assets, then we have just the solution for you!

At Irhamy International, we have over 20 years of experience on valuation across multiple industries. With over 200,000 successful valuations, they have helped companies make critical decisions at crucial points.

Interested to know more about valuation or want to have a property valuation? Fill in your details below and we’ll contact you shortly.

The post When will I need a property valuation? appeared first on IQI Blog.