Chapter 3
Is a vertical operating in the global valuation of the property and under the Articles of Valuers Association of Thailand. The criteria used to assess property value. “To determine the market value” Considering the condition of the property including the purpose of the expropriation to selection method for property valuation by the market comparison approach by means of the average weighted quality score. That is how property valuations in case you cannot find information on market prices for similar assets, but the information is similar to the property market. The average value considering the composition of the price differences, location condition, environment, utilization, development potential, asset, public utility, facilities. To access and the impact of legal regulations in an analysis of the value of a property.
How to proceed
1.Surveyed the market to use as a comparison the valuation of land required. It will search data collection appraisal and monitoring process in the project area in a radius of one kilometer to the most comparable data
2. The data were analyzed only for quality In consideration of the importance of each factor affecting prices. Then assign a score to each factor based on the opinion of the appraiser. This points to the example 1- very bad, 2-bad, 3-fair, 4-good, 5-very good the consideration is as follows:
- Location condition and environment :-
- Location
- Utilization for the land
- The surrounding environment
- Utilization and development potential
- Utilization in the land
- Development potential and maximum utilization
- Property
- Shape of land
- The characteristics of the land adjacent to the road.
- Soil reclamation work
- Soil level
- Utilities Facilities
- To access
- The road through the land
- Types of road
- Skin type traffic
- Traffic channel
- The width of the road surface
- The width of the zone
- Access conditions
- The near - far along the main road.
- Impact of legal regulations
- City plan
- Legal regulations
- Land expropriation
3. Valuation of land in the area of expropriation by analyzing the quality assessment evaluation of land conversion compared with the data comparison analysis only convert at article (2) by selecting the data with physical characteristics similar to a plot of land to assess the most include the size and shape of the land, the access, utilization, etc. It will be the market price of land for each plot