Halilu Yakubu and Co

Valuation Service

Our Services

This involves the determination of the monetary worth (values) of investment in landed properties, plants and machineries, motor vehicles, office equipment, furniture and fittings (as appropriate). This is a complex activity which requires critical analysis of several variables in arriving at informed opinion of value of interests in land for any of the under listed purposes;

  • Valuation for mortgage:

We are quite aware and conscious of your management’s need to adequately secure credit facilities from your bankers/financiers.  Real Estate Property as one of the most secured investment and an edge against inflation from general investment market must be adequately assessed by competent professionals as collateral for mortgage purpose.

The dynamism in the property investment circle and its associated heterogeneous nature requires scrutiny via adoption of various relevant measures and indicators before arriving at a fair and realistic value opinion.

  • Valuation for statutory demand:

 Organizations and Institutions are often under statutory obligations to settle tenement rate based on a predetermined Net Annual Value of their properties (for rating purpose) by Constituted Authority.

When the rate liability charged is arbitrary, our professional service can be obtained in filing an objection at Rating Tribunal for reassessment to arriving at a fair rate liability.

  • Valuation for compensation

 This is carried out for the purpose of determining the compensation payable where government acquires a property for over-riding public interest. Another reason for compensation valuation is when a nuisance has occurred, for example, oil spillage. This give rise to valuing the affected property for adequate compensation.

  • Valuation for sales, purchase and rental:

 Valuation may also be carried out for property investment decision making.  This seeks to guide investors on the current Market (Capital or Rental) Values of properties.  This is more imperative where alternative properties are involved.

  • Valuation for Insurance:

This is undertaken in perfecting Insurance Policies.  It secures adequate cover on assets of organization against risk at appropriate value.  This serves as guard against future uncertainties, such as risk against Fire out-break, Burglar, Riot and commotion, Natural occurrence e.g. storms, flood and earthquake e.t.c.

  • Valuation for takeover bid/merger/liquidation:

When assets of Organizations and Institutions are to be transferred from one body to another, it is of paramount importance to assess and determine the net worth of such Organizations/Institutions in terms of assets owned.  Asset valuation for this purpose is therefore imperative.

  • Valuation for record purpose:

The current Market Value of total investment in landed properties can be determined for record purpose.  This reveals the present worth of investment on fixed assets.  Such records become trendy for management’s decision making process.

  • Valuation for balance sheet:

The capital worth of fixed assets needs to be determined for adoption into statement of account at the end of a financial year.  This reveals the net worth of an organization for subsequent strategic management plans.

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