This Property Valuation Worksheet serves as a simple step-by-step guide for determining the value of an existing property or for a new piece of property not yet constructed. To value an existing piece of property, the user can make inputs to determine the average sale price of comparable properties; adjust the sales price for unique property traits; estimate monthly repair costs; and calculate the property value as adjusted sales price less maintenance costs. For new property, the user should determine the cost of land; determine the cost of construction; add any additional costs; and aggregate those figures to arrive at a property value for the new construction.
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