|
|
General audit with appraisal is intended to inform the owner and potential clients about the condition of the property and its estimated value. The audit includes an overview of architectural and functional aspects, installations, built-in furnishings and equipment, etc. The general audit includes the following reports:
|
|
|
|
|
a) Property portfolio
A comprehensive description of the property is intended to inform the owner or potential buyer about its basic properties: location, access, size, architecture, curtilage, serviceability, sustainability, structures and installed materials, electrical and utility installations and devices, management methods, etc.
Examples of the report: 01 | 02 | 03 | 04 | 05
|
|
|
b) Review of the property’s floor areas
A comprehensive review and classification of available documentation about the property with emphasis on legally required documentation (permits, inspection and maintenance reports, PID and POV) and compulsory documents, which, if failed to present, might suspend the sale of the real estate or cause management difficulties.
Examples of the report: 01 | 02
|
|
|
c) Report on estimated value of the property
An estimate which provides information about the property’s market price. The estimate is made by comparing the actual selling price of similar properties recently sold on the market. The estimate is made by an authorised appraiser accredited by the Institute of Internal Auditors.
|
|
|
If the building is intended for sale, a complete due diligence inspection is recommended, as a general audit may not disclose elements that might hinder sales.
|
|
|