Estate Management Blog by Nwabuisi Dennis

Comparison Method of Valuation Comparison Method of Valuation is the most commonly used and accepted method in ascertaining the market value of properties. Under the Comparison Method, the valuation approach entails comparing the subject property with similar properties that were sold recently and those that are currently being offered for sale in the vicinity or other comparable localities. The characteristics, merits and demerits of these properties are noted and appropriate adjustments thereof are then made to arrive at the value of the subject property. Investment Method of Valuation This method of valuation is usually applied for investment properties. In the Investment Method, the annual rental income presently received or expected over a period of time for the lease of the property is estimated and deducted therefrom the expenses or outgoings incidental to the ownership of the property to obtain the net annual rental value. This net annual income is then capitalised by ...

As with many occupations , computers and technology have become vital parts of working life. With estate management, computers bring a variety of benefits including: Ample amounts of memory Depending on what area of estate management they are working in, some managers will require a mass amount of memory to store important details about numerous properties under their management. In the modern day, computers are packed with unbelievable amounts of memory and extra memory is considerably cheaper than it used to be. The amount of information that be contained in a computer would simply be unmanageable on paper . Advanced communication Thanks to computers and the Internet, our ability to communicate has been greatly improved. Estate managers now have a variety of ways to communicate with clients and co-workers through email, social networking and even video conferencing . This makes their job much easier; allowing them to communicate with people associated with their properties...

Homeowners who decide to self-assess the value of their homes must be aware of several considerations if they're to avoid any penalties. While households around the country are soon to receive letters from Revenue detailing how much they'll have to pay in property tax many homeowners may still be wondering on the best way to carry out a valuation of their property. Homeowners who decide to self-assess the value of their homes must be aware of several considerations if they're to avoid any penalties. With this in mind the Society of Chartered Surveyors Ireland (SCSI) urged homeowners to ensure that they are fully informed when self-assessing the value of their home for property tax purposes and outlined their five tips for deciding on a valuation. 1. Determine the market value of the property Any house, apartment or lodge which is habitable and which could be sold separately will be subject to the tax. The market value of the property must be determined as of Ma...

April 28 2011| Filed Under » Alternative Investments , Fundamental Analysis , Home Inspection / Appraisal , Landlords , Real Estate Investing , Sector - Real Estate Rental and Leasing From a quantitative perspective, investing in real estate is somewhat like investing in stocks. In order to profit in real estate investments, investors must determine the value of the properties they buy and make educated guesses about how much profit these investments will generate, whether through property app...

Land Use Act Chapter 202 Laws of the Federation of Nigeria 1990 Arrangement of Sections Part I General 1. Vesting of land in the state. 2 Control and management of land advisory bodies. 3 Designation of urban areas. 4. Applicable law for the interim management of land. Part II Principles of Land tenure 5. Powers of the Governors in relation to land. 6. Powers of Local Government in relation to land not in urban areas. 7. Restriction on right of person under age of 21. 8. Special contracts. 9. Certificate of occupancy. 10. Conditions and provisions implied in certificate of occupancy. 11. Power of Governor or public officer to enter and inspect land and improvement. 12. Power of Governor to grant licences to take building materials. 13. Duty of occupier of statutory right of occupancy to m...