The Differences Between Residential & Commercial Property Valuations
Understanding the distinctions between residential and commercial property valuations is crucial for property owners, investors, and buyers. While both types of valuations aim to determine the market value of a property, the methodologies, factors considered, and purposes can vary significantly. Key Differences Between Residential and Commercial Property Valuations 1. Purpose and Usage Residential Property Valuation: Primarily used for living purposes, residential properties include houses, apartments, and townhouses. Valuations for these properties are often required for buying, selling, refinancing, or assessing