Synopses & Reviews
Synopsis
Excerpt from Valuation of Real Property: A Guide to the Principles of Valuation of Land and Buildings, Etc, for Various Purposes, Including the Taxation of Land Values, With Numerous Examples
The subject of valuation of real property is of the first importance to land and estate agents, surveyors, architects, and auctioneers, and all interested in the management of land and buildings. It is thus very essential that the young assistant in these professions should learn the guiding principles of this subject at the outset of his career. The subject is very properly given great prominence in the examinations qualifying for membership of the Surveyors' Institution, the Estate Agents' and Auctioneers' Institute, etc., and it is hoped that this volume will be of assistance to candi dates for these examinations, as well as to other members of the profession.
It must be thoroughly understood at the outset that the fixing of values of interests in real property is amatter which cannot be taught absolutely by any number of books, however exhaustive they may be. Thus, the rates per cent. Of interest allowed in this volume must only be regarded as fair averages for the class of property under consideration in each case. It is only by experience that the valuer can decide which table shall be used in valuing a particular property, after he has made himself thoroughly acquainted with all the Circumstances. Take again the case of the valuation of a farm for fixing a fair annual rent. It is only possible in this work to give hints as to the principal points which should be inquired into, but to properly arrive at the value to be attached to the various points, a good knowledge of agriculture under various conditions is of great importance.
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