Windmills offers a comprehensive residential valuation service built on precision, integrity, and advanced market analysis by combining technical expertise and strict compliance with international and local standards, ensuring every home is valued with the highest professional credibility.
Windmills undertakes residential property valuation professionally. Let us explain below how we do it and what the important process steps are that we look after professionally.
Some examples of types of standard residential property are apartment, townhouse, and villa. They are valued using the market approach of valuation.
Using the market approach of valuation, we identify the recent and relevant comparable transactions which were sold in the market, listed for sale in the market, and valued by us, make adjustments in the market comparable transactions for the subject property being valued, and then conclude the market value.
The process of residential valuation involves various professional and sensitive steps, which are described at the end below pictorially.
Each property being valued is unique. It has several standard or unique attributes that must be considered while valuing the property. These factors may include its location, size, age, condition/defects, view, positioning, upgrades, extension, and some more such attributes. We apply all the relevant adjustments to the above standard and unique attributes of the subject property scientifically, as explained in steps 5 and 6 below.
Please read further explanation of valuation concepts under the valuation page. Please refer to the RICS Red Book for learning more about the international valuation standards and the Emirates Book of Valuation Standards for learning more about the local valuation standards.
Valuation Process
Understanding Subject Property: Studying subject property documents, obtaining missing/unclear information
Checking Conflict of Interest: Deciding on it as per international and local valuation standards.
Inspecting Subject Property: Checking, verifying and noting all attributes of the property physically
Using Effective Comparable: Using transactions, listings and recent valuation data streams and identifying the most relevant comparable.
Identifying Attribute Differences: Sensitizing and comparing all important attributes of the property with those of the subject property.
Making Financial Adjustments: For the differences in the attributes of the subject property vs the market comparable transactions.
Windmills provides valuation services for a broad spectrum of residential property types, from land and villas to apartments, buildings, and specialized residential assets, each evaluated with dedicated expertise.
