Our evaluation assessment encompasses three segments as follows:
1. Land
2. Building Structure
3. Plant, Machinery & Equipment
Our evaluation team possesses deep insight to the current market conditions, and the prevalent economic situation, which enables us to produce thorough evaluation reports that are conducive to our clientele.
We have also tied up with the region’s largest property firms. This combined experience has enabled us to deliver reliable advice on local market conditions, of high professional standards.
Land Assessment Criteria (Agricultural, Urban, Residential, Commercial & Industrial)
- Easy access, through difficult terrain or sparsely populated area.
- Weather, politically influenced environments.
- Area location (upper class, middle or lower/slums)
- Configuration of the actual covered area on ground.
- Configuration of the covered area as per the architectural design features. Simple configuration or with complicated additional features.
- Simple configuration requires simple calculations of Length and Depth.
- Complicated configurations or intricate designed plans require geometrical division of the area for calculations, (e.g. Triangles, rectangles, squares, and semi- circular segments etc.), conforming with the desired or designated plans. Different
- topography, landscapes and land depressions (if any) are also thoroughly measured and encompassed in our evaluation.
Building Structure Assessment Criteria
- Building Architectural Elevation (Roman, Western, or Simply Eastern)
- Foundation Type (Isolated, Strip, Matt, Pile Foundations)
- Quality of Building Structure (by Civil Engineering Codes and Ethics)
- Examine Geological Features of Site (Soil Bearing Capacity, Water Table, Depression etc)
- Prevalent on going market construction costs (Class A, B, and C)
- Make and Type of material employed (Local or Imported)
- Sanitary Fittings Type (PVC Pipe Fittings, Cast Iron Pipe Fittings)
- Electric Panels Type (Imported , Local)
- Quality Of Building Material (As per Engineering Codes)
Plant, Machinery and Equipment Assessment Criteria
- Operational / Non Operational
- Type of machinery and output capacity
- Make and origin of machinery
- Year of Installation / Inception Date / Year of Manufacture
- Normal wear and tear observations
- Analyzing/scrutiny of invoices with independent market checks through machinery agents, local or foreign
- Periodic maintenance (analysis of works and comparison from machinery maintenance vendors)
- Additions to machinery with year of inception of additions to determine the depreciation factor
- Market demand of same / similar make and type of machinery
- Foreign exchange fluctuation and PKR currency appreciation / depreciation
Other Criteria
- Geographical location
- Economy law and order situation
- Residential / Commercial / Industrial Titles
- Market demand
- Future market prospect
- Availability of civic amenities (current and future)
Depreciation Criteria
In view of the above information, we assess the present market values of Land, Building Structures and the Plant Machinery and Equipment. After the calculation of the present market value of the Building Structures, Plant Machinery and Equipment, the depreciation application is applied.
Depreciation on Building Structure
The depreciation is applied on the total life of the building structure, and the depreciation application ranges between 0.5% to 2.0% per annum depending on the condition and maintenance works, respectively.
Depreciation on Plant, Machinery and Equipment
The depreciation rates vary with age, demand, location, economy, weather, geographical position and criterias as mentioned above. The depreciation application ranges between 3.0 % to 5.0 % per annum, respectively.
