Why look for Property valuer in Kenya

The reason why property valuation in Kenya is required is that the price of a property varies with the aim. the price of a property for auction could even vary with value for loan and thus the other way around.
All property valuations we do are in conformity with the varied legislation requirements a touch just like the Appraisal and Valuation Manuals published by the Institution of Surveyors of Kenya (ISK), Valuation and Estate Management Chapter and thus the International Valuation Standards (IVS), also because the VALUERS ACT, CAP 532.
Obtaining the services of a knowledgeable property valuer in Kenya is critical because a property valuer is graced with a unique understanding of the property market. they're able to forecast what's likely to happen within the property market within the end of the day and thus the way that's likely to affect the prices of properties. Valuers use historical data of the market and thus the changing trends to forecast the top of the day of the property market.
When you hire a property valuer in Kenya, he's expected to undertake to the following;
1. Due Diligence:
A property valuer conducts due diligence while undertaking the valuation process. This normally involves doing a land search, obtaining a map of the world to understand and interpret various elements of the property.
Through the map, a valuer is during a foothold to figure out any quite encroachment to road reserves, boundaries, any illegal title deeds as a result of grabbed land or double registration of title deeds. this is often often often often absolutely important as you help whoever need the valuation report back to obviously understand the property.
2. Professional advice
The process of a property valuer in Kenya and beyond is targeted at establishing absolutely the simplest and best use of the property. A property valuer has the competence to research the market and advice appropriately.
As a property valuation firm in Kenya, West Kenya Real Estate Ltd provides an independent valuation of all types of properties for all purposes anywhere in Kenya. These include, but not limited to, land and buildings, furniture, fittings, equipments and plant and machinery.
We value all types of properties for all purposes like;


1. Collateral:
Real estate assets are to be used as collateral for loan facilities
2. Mortgage:
Where they're to extend mortgage loans for the acquisition of property
3. Disposal/Sale/Purchase:
This valuation is particularly administered using the sales comparison approach (market evidence approach) to figure out the selling price or price. A valuation will confirm that both the purchaser and thus the seller are armed with accurate knowledge as they get into a transaction.
4. Insurance:
Valuation for insurance properties is run to figure out the insurance payable for an asset. the price returned by the pricer should be a representation of the worth which may be incurred to reinstate the property to its current standard taking into consideration the income lost for income-generating properties for the amount of reconstructing the property. This valuation also allows the parties to figure out the monthly premiums payable for the insurance of the property.
5. Rental assessments/valuations:
Property Valuation in Kenya for rental assessment is run to figure out the rent liable for rental spaces. this is often often often often mostly administered for commercial, residential or industrial properties.
6. Book/Audit/Balance Sheet.
This is administered by companies or institutions to figure out the price of their land assets for the requirements of their annual financial report.
7. Taxation purposes:
Local Taxation (Rating Assessment) with regard to assessing the Unimproved Site Values for rates calculation.
8. Merger and Acquisition:
Merger and Acquisitions of companies and corporations to figure out the price of the assets.
9. Compulsory acquisition:
Compulsory acquisition is that the facility of state to accumulate private rights in a land without the willing consent of its owner or occupant so on profit society. Valuation for compulsory acquisition is run to figure out the price of land and developments that are to be acquired by the govt. . . for the designated project.
10. stamp duty purposes:
Valuation for stamp duty purposes is run to figure out the revenue collected from the sale of a property.
Finally, to realize the price of a property, you'd wish to know the underlying factors that the pricer will use to urge the worth. These factors include location, size, age, condition, demand and supply of comparable property types, economic outlook and income generated from the property.
If you're trying to hunt out property valuation service, don’t hesitate to contact West Kenya Real Estate Ltd. Use the form below, email or phone number to understand us.