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FACTORS THAT DECIDE VALUE OF A PROPERTY

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INTRODUCTION Many a times difference in the value of the property in the same area, city and country amazes us, well it is obvious that there are reasons for it but still for a common man it can be quit astonishing to see such a huge difference in value of a property. Value of a property is based on various factors and size is one very obvious factor but it is understood by one and all so we take that factor out of this discussion. Here we are talking about difference in value of property of almost same size.   THE VALUE OF A PROPERTY IS DETERMINED BY VARIOUS FACTORS, INCLUDING: LOCATION: The location of a property is a crucial factor in determining its value. Properties located in desirable neighbourhood’s, with good schools, access to transportation, shopping, and entertainment options, generally command higher prices. CONDITION: The condition of a property is another important factor. A well-maintained property with modern amenities and features will