11/10/2023
𝐕𝐀𝐋𝐔𝐈𝐍𝐆 𝐓𝐇𝐄 𝐏𝐔𝐁!
Join us on Btv Live News in Context, this Thursday 12th October 2023 at 15:35 as we discuss 𝑯𝒐𝒘 𝒘𝒆 𝒂𝒔𝒔𝒆𝒔𝒔 𝒔𝒑𝒆𝒄𝒊𝒂𝒍𝒊𝒔𝒆𝒅 𝒂𝒔𝒔𝒆𝒕𝒔; 𝑯𝒐𝒕𝒆𝒍𝒔, 𝑳𝒐𝒅𝒈𝒆𝒔, 𝑪𝒂𝒎𝒑𝒔𝒊𝒕𝒆𝒔, 𝑹𝒆𝒔𝒕𝒂𝒖𝒓𝒂𝒏𝒕𝒔, 𝑷𝒖𝒃𝒔, 𝑭𝒊𝒍𝒍𝒊𝒏𝒈 𝑺𝒕𝒂𝒕𝒊𝒐𝒏𝒔, 𝑯𝒐𝒔𝒑𝒊𝒕𝒂𝒍𝒔, 𝑮𝒐𝒍𝒇 𝑪𝒍𝒖𝒃𝒔, 𝒂𝒏𝒅 𝒎𝒂𝒏𝒚 𝒎𝒐𝒓𝒆…
Most people give little thought to the importance of property valuers— however they play a crucial role in our financial systems. Property Valuers professional judgments keep the financial gears in motion, and their valuations impact individuals' and businesses' access to funds and financing. But why do Property valuers’ matter, and why should you always seek their advice? Simply put, valuation reports give property owners, investors, buyers/sellers the knowledge on the true value of their assets, they also give lenders (Banks & Financial Institutions) an assessment of the value of a property so that they can determine the appropriate loan amount based on the loan-to-value (LVR) ratio.
Valuations also determine your borrowing power, set council taxes, and guide how much is paid in land or property tax. The work of a Valuers is extremely important to the stability of our financial systems and impacts millions of People, Businesses and Organisations. For instance, the valuation roll currently used by Gaborone City Council contains approximately 55,000 properties and dates back to 2008 which translates to 14 years without valuation. Article 24 of the Valuation and Rating regulations state that ‘the Council shall as soon as possible, but not less than once every five years, cause to be made, a general valuation of all properties within the Council area. This situation results in a loss of millions of revenues for the local authority and increased financial pressure and eventually poor service delivery.
For more; Join us on Btv Live News in Context, this Thursday 12th October 2023 at 15:35.
