Find out the current value of your property
Crystal Valuers Ltd is the leading property valuation firm in Kenya.
We undertake valuation of all types of fixed and movable properties including land, buildings, plant, machinery, furniture, office equipment and stock. With offices in Nairobi, Mombasa, Kisumu and Thika, you are guaranteed reliable valuation services across Kenya.
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Institution of surveyors of KenyaThe Institution of Surveyors of Kenya is the professional organization in this country that brings together the “landed” professionals. It brings together the disciplines of the surveying profession namely the Valuers, Land Surveyors, Geomatics Engineers, Registered Estate Agents, Property Managers, Building Surveyors, Land Administration Managers and Facilities Managers.
Real estate agents in KenyaCrystal Valuers Limited arranges the selling, renting, or management of properties and other buildings in Kenya.
Rental property in NairobiCrystal Valuers Limited specializes in hiring or letting of property owned by landlords in Nairobi.
Valuers meaningAn appraiser or valuer is one who determines the fair market value of property, real or personal. Crystal Valuers Limited undertakes property valuation in Kenya. We have offices in Nairobi, Mombasa, Kisumu and Thika.
Valuers registration board KenyaValuers registration board Kenya is an independent system of regulatory, monitoring, registration and discipline of real estate property valuers in Kenya
Valuers act of KenyaValuers act of Kenya is responsibility of regulating the activities and conduct of registered property valuers in accordance with the provisions of laws of Kenya
Valuers scale of fees KenyaAs provided under the Scale of fees, Valuers Act Cap. 532 of the Laws of Kenya. THE VALUERS (FORMS & FEES)(AMENDMENT) RULES, 2011 1.Urban, Rating and Agriculture Valuation First Kshs. 2,000,000 at 1.0 per cent Residue at 0.25 per cent 2.Compulsory Acquisition Valuation First Kshs. 2,000,000 at 2.0 per cent Residue at 0.5 per cent 3. Rental Valuation First Kshs. 400,000 p.a at 10 per cent Residue at 5 per cent. 4. Plant, Machinery and Automobile, First Kshs. 5,000,000 at 1.5 per cent Residue at 0.5 per cent. 5. Furniture, Fittings, Equipment, Trading Stock and Going Concerns, First kshs. 1,000,000 at 5 per cent Residue at 2.5 per cent. 6. Minimum Valuation Fees kshs.15,000 for any valuation. 7. Consultancy A minimum of Kshs. 5,000 per hour where such consultancy does not involve carrying out a valuation and compilation of a valuation report and advising on the value of the property. 8.Travelling Expenses and disbursements: These shall be based on the costs incurred in undertaking the valuation.
Land valuation fees in KenyaLand valuation fees in Kenya are governed under Valuers Act Cap. 532 of the Laws of Kenya.
Property valuation fees KenyaProperty valuation fees Kenya are governed under Valuers Act Cap. 532 of the Laws of Kenya.
How to value land in KenyaSimply get in touch with Crystal Valuers Limited.
Valuation of land in KenyaValuation of land in Kenya is governed under Valuers Act Cap. 532 of the Laws of Kenya.
Property valuation in KenyaCrystal Valuers Limited is a valuation firm that specializes in Property valuation in Kenya
List of registered valuers in KenyaCrystal Valuers Limited is under gazette of List of registered valuers in Kenya
Valuation firms in KenyaCrystal Valuers Limited is a property valuation firm in Kenya
Valuation companies in KenyaCrystal Valuers Limited is among registered Valuation companies in Kenya
Registered land valuers in KenyaCrystal Valuers Limited is among registered land valuers in Kenya
Valuers in NairobiCrystal Valuers Limited are registered valuers in Nairobi
Valuers in MombasaCrystal Valuers Limited are registered valuers in Mombasa
Valuers in KisumuCrystal Valuers Limited are registered valuers in Kisumu
Valuers in ThikaCrystal Valuers Limited are registered valuers in Thika
How and why we undertake Valuation
Why would you require Property Valuation Services in Kenya?
Estimating the value of real property is important to a variety of endeavors, including real estate financing, listing real estate for sale, investment analysis, property insurance and the taxation of real estate.
For most people in Kenya, determining the asking or purchase price of a property is the most useful application of Property valuation.
Factors Property Valuers in Kenya consider when valuing a property
1. Economic and social trends in Kenya
Unlike many consumer goods that are quickly used, the benefits of a property are generally realized over a long period of time.
Therefore, an estimate of a property’s value must take into consideration economic and social trends, as well as governmental controls or regulations and environmental conditions that may influence the four elements of value:
The desire or need for ownership supported by the financial means to satisfy the desire;
The ability to satisfy future owners’ desires and needs;e.g Roads,Water supply, Electricity e.t.c
The finite supply of competing properties
The ease with which ownership rights are transferred.
Value Vs. Cost and Price
Value of a property is not necessarily equal to cost or price. Cost refers to actual expenditures; for example, materials and labor.
Price, on the other hand, is the amount that someone pays for something. While cost and price can affect value, they do not determine value.
The sales price of a house might be 15,000,000Ksh but the value could be significantly higher or lower.
For instance, if a new owner finds a serious flaw in the house, such as a faulty foundation, the value of the house could be lower than the price.
An appraisal is an opinion or estimate regarding the value of a particular property as of a specific date.
Appraisal reports are used by businesses, government agencies, individuals, investors and mortgage lenders when making important decisions regarding real estate transactions. The goal of an appraisal is to determine a property’s market value: the most probable price that the property will bring in a competitive and open market.
The price at which a property actually sells, may not always represent the market value.
For example, if a seller is under duress because of the threat of foreclosure, or if the property was sold in a private sale without being exposed to the open market, the property may sell below its market value.