RELEVANT EXPERIENCE
As a firm with fully qualified and registered valuers, Mod Hope Properties firm has undertaken various rating valuation assignments in different municipalities. The statement below shows some of the projects prepared by our Mod Hope Properties cc.
DATA COLLECTION
The quality of any valuation depends much on the quality and accuracy of data collection to arrive at an informed market/rateable values of the rate able properties. Data relating to value forming characteristics is therefore crucial and its accuracy cannot be over emphasized. To achieve this, we shall endeavor to collect the following information on each of the properties, which are rate able.
LAND USE PLANNING AND ZONING
The purpose and extent to which land can be utilized is very crucial in arriving at the value of property. There are legal instruments and controls, which affect land usage. We shall collect data relating to Town Planning controls such as building lines, density, coverage and height. We shall also collect data relating to site location, topographical attributes, flood lines, views, slopes, etc. The erf sizes shall either be physically measured or measurements obtained from the Surveyor Generals’ office.
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Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book
Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
OBSERVATIOS
As a firm with fully qualified and registered valuers, Mod Hope Properties firm has undertaken various rating valuation assignments in different municipalities. The statement below shows some of the projects prepared by our Mod Hope Properties cc
PROPERTY MARKET INFORMATION
Perhaps the most crucial factor in determining rate able values is the availability of accurate comparable transactions of property in the neighborhood. This information is analyzed against the prevailing economic climate in general and the demand and supply of property in particular. We shall gather this type of information and analyze it in order to apply it in arriving at the values of the rate able values. Affiliate member of Deeds office and Lightstone
PHYSICAL INSPECTION
Physical inspection of property is always the most preferred method we use, applicable when dealing with valuation, we visit the subject, identify the property, and improvements if any on the property, take measurements of the property, retain an (property pictures) image of the property.
METHOD OF VALUATION
The basis of valuation shall be the “open market value”. Open market value will be understood as defined in the Act. In simple terms the valuation principles shall define rateable value as the best price at which an interest in the property might reasonably be expected to be sold at the date of valuation assuming: A willing seller, a willing buyer, a reasonable period within which to negotiate the sale, values remain static during that period, and the property is freely exposed to the open market.
PROFFESIONAL BODIES
WE ARE ACCREDITED MEMBER OF THE FOLLOWING BODIES
The South African Institute of Valuers (SAIV) was founded in 1909 as the national society of professional real estate valuers. The objective of the SAIV is to promote the common interests of persons carrying out the valuers’ profession.
The Black Professional Valuers Association (BPVA) was formed to address the historic and legacy imbalances within the property valuation industry.
SACPVP is a statutory body established on 1 January 1983 as the South African Council for Valuers, which was replaced by the SA Council for the Property
Our Success
As a firm with fully qualified and registered valuers, Mod Hope Properties firm has undertaken various rating valuation assignments in different municipalities. The statement below shows some of the projects prepared by our Mod Hope Properties cc