Property Valuation Services
Offering confidential, ethical and legally-compliant property valuation reports in KwaZulu-Natal.
Roper & Associates has a reputation for providing clients with confidential, legally-compliant, efficient valuation reports that utilise research, valuation methods and presentation at the highest level of quality. We have extensive knowledge in building surveying both for rentable areas determination (in terms of SAPOA’s standard method of measurement), and replacement costs determination. Our skills are also honed in the areas of determining Open Market Value, Depreciated Replacement Value, and Insurance Value. This is substantiated by the total amount of properties we’ve valued – over R100 billion. Roper & Associates specialises in five types of property valuation services; commercial, industrial, retail, specialised and residential. Find out more about each of these below:
Commercial property valuations
Commercial property usually refers to buildings that house businesses, but it can also refer to land that is intended to generate a profit, as well as larger residential rental properties. The designation of a property as a commercial property has implications on the financing of the building, the tax treatment, and the laws that apply to it. The performance of commercial property, including sales prices, new building rates, and occupancy rates, is often used as a measure for business activity in a given region or economy.
From an investment perspective, commercial property has traditionally been seen as a sound investment. The initial investment costs of the building and the costs associated with customization for tenants are much higher than residential real estate, but the overall returns are also higher, and some of the common headaches that come with tenants aren’t present when dealing with a company and clear leases. In addition to more control over lease terms, commercial property tends to have more straightforward pricing considerations. A residential property investor has to look at a number of factors, including the emotional appeal of a property to prospective tenants. In contrast, an investor in commercial properties will have an income statement that shows the value of the current leases, which can easily be compared to the capitalization rates for other commercial property opportunities in the area.
Industrial property valuations
Industrial real estate is an umbrella term for manufacturing, production, research and development, storage and distribution facilities. While industrial real estate is sometimes overshadowed by glitzier sectors like residential, commercial and retail, industrial real estate shouldn’t be overlooked as an essential enabler of global commerce and as a resilient, income-generating asset class. Industrial real estate makes the global economy hum. Well-located, high-quality industrial real estate keeps the world’s supply chains working, enables trade and e-commerce, and ensures the efficient movement of goods from makers to markets. Investors often turn to industrial real estate for reliable cash flow and resilient valuations.
Consumption is the main driver of industrial real estate demand, which comes as no surprise since consumption accounts for the majority of all economic activity. Trade is another key driver of demand. Industrial real estate facilities are key nodes in the global trading system, allowing the convenient and efficient movement of goods through the supply chain to end consumers. Then there’s supply chain reconfiguration. In developing markets, companies are upgrading from smaller, outdated industrial real estate facilities to newer, larger industrial real estate buildings with modern features and upgrades. In all other markets, as the relative attractiveness of manufacturing locations and transit routes shifts, as new consumer markets rise to prominence, and as same-day and next-day delivery become the new normal, companies adjust nodes in their supply chains, driving demand for new industrial real estate buildings in new locations
Specialised property valuations
Specialised properties are defined as properties which are improved in such a manner that they cannot be utilised for any purpose other than that for which they were originally designed, without drastically altering the design and layout of the improvements.
They are rarely, if ever, sold in the open market except by way of a sale of the business or entity of which they are part, due to uniqueness arising from their specialised nature and design, as well as their configuration, size, location, or otherwise.
Agricultural property valuations
Agricultural property means real property used for farming in any of its branches, including cultivating of soil, growing and harvesting of any agricultural, horticultural, or floricultural commodity, dairying, raising of livestock, bees, fish or poultry, turf and tree farming, or performing any practices on a farm as an incident to, or in conjunction with, these farming operations.
Residential property valuations
Residential property is property zoned for living or dwelling, as opposed to commercial property, which is zoned for business and profit generation.
Residential rental property can be an attractive investment. Unlike stocks, futures, and other financial investments, many people have firsthand experience with both the rental market as tenants and the residential real estate market as homeowners. This familiarity with the process and the investment makes residential rental properties less intimidating than other investments. On top of the familiarity factor, residential rental properties can offer monthly cash flow, long-term appreciation, leverage using borrowed money, and tax advantages on the income the investment produces.
Other Property Valuation Services
Our extensive combined experience and in-depth knowledge of the property sector enables us to offer a wide range of professional valuation services, including valuations for the following purposes:
• Property Trusts
• Acquisitions / Mergers
• Emigration / Immigration
• Municipal Valuation Appeals
• Replacement values for Insurance
• Deceased Estates
• Dissolution of corporations and marriages
International property valuation standards
With an increasingly competitive South African business environment, which is seeing much foreign investment interest despite what the headlines say, international property valuation standards are essential. These ensure the facilitation of greater transparency, and thus more foreign investor trust in the property market of South Africa. As property valuation professionals, we are more accountable than ever. For this reason, we are steadfastly dedicated to ensuring our methods and practices meet up with international standards at all times. See our Roper & Associates methodology page to find out more: