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1. Determine the purpose of the building valuation report: Is it to assess the current or past condition of the building, or to estimate its future worth?
2. Identify the building’s market value by researching prior sales of similar buildings in the same area.
3. Investigate the building thoroughly, noting any physical observations, such as the condition of the structure, age, features, and amenities.
4. Calculate the building’s estimated replacement cost.
5. Describe any potential issues that could affect the building’s value, such as zoning laws, environmental hazards, potential litigation, or other factors.
6. Estimate the building’s perceived value based on its features, location, market conditions, and other factors.
7. Write the report, including an introduction, the findings from the research, a conclusion, and any additional recommendations.
8. Support your conclusions with photographic evidence, historical data, diagrams, and any other documentation necessary.