Property valuations are carried out based on the type of business that is being run as different businesses have different requirements. As a business owner do you know the worth of your property and its assets? If not, then it’s in your best interests to get a valuation done as soon as possible! Without this, you will never know what your business is truly worth, and if you don’t know that, you can never adequately sell it. The reason for this, of course, is because no one in their right mind will buy a business that does not have a valuation certificate attached to it. And of course you do not want to be taken for a ride! Either way, you need a valuation conducted in order to have total peace of mind.
There are different types of valuations that are conducted depending on the nature of your business. What you need to know, as a business owner, is a little bit more about the types of valuations that are done so that at the end of the day you can make a clear, informed decision for the future of your business.
Here are some of the different types of valuations that you can expect to encounter:
- Big business valuations: This type of valuation will look at your stock market presence, as well as your assets and possible mergers or acquisitions. This will give you an accurate idea as to how much your company is really worth. These types of valuations are necessary, because at this level, there are many parts of the company to be sold. You can sell shares on the market, you can also sell divisions of the company, or merge with another establishment. In each case, the company taking over needs to know what they are getting into.
- Small companies: Here, there are no public listings to look at, more just the overall assets of the company and value of the accounts that the company holds, if any. These will help the valuation consultant to determine the overall value of the company. This is a very simple valuation.
- Plant valuation: Here, there are physical assets that are taken into account. The value of the machines that you have, as well as how they have all been performing, will be taken into account. If they are still in good working order, you will have no problem getting a certain value for them. If, however, they are old and derelict, the value of your whole operation will decrease. When it comes to plants, the zoning also gets looked at, as it plays a crucial role in how much people will eventually end up wanting your land.
Property valuations done legally are secure valuations
Always make sure that your valuation consultant is legitimate and that they have gone through all of the necessary steps in order to become certified. If not, your certificate of value will mean nothing and you will be unable to qualify for business insurance or anything of that nature.
What you need to do is contact the experts in the property industry, The Property Partnership . The qualified consultants at The Property Partnership will guide you in the valuation process. From assessing your property for insurance purposes or if you need to sell, The Property Partnership will be there to help you every step of the way. To find out more about the services available from The Property Partnership, visit their website www.property-partnership.co.za