Dar Al-Khobra Real Estate and Valuation qualified team office have created 20 criteria that assist anyone looking to purchase real estate in Qatar or anywhere in the globe by establishing criteria that help the buyer valuate the property to be purchased. These 20 criteria are as follows:
1. Location: The location of the property is one of the most important factors in determining its value. Properties in desirable areas will be more valuable than those in less desirable locations.
2. Condition: The condition of the property will also play a role in determining its value. A well-maintained property will be more valuable than one that is in poor condition.
3. Size: The size of the property, measured in square footage, will also be a factor in determining its value. Larger properties will generally be more valuable than smaller ones.
4. Age: The age of the property is also an important factor in determining its value. Older properties may have more character and charm, but they may also require more maintenance and updates.
5. Zoning: The zoning of the property will also affect its value. Properties located in areas zoned for commercial or industrial use will generally be more valuable than those zoned for residential use.
6. Amenities: Amenities such as a swimming pool, tennis court, or large backyard can add value to a property.
7. Functionality: How functional is the property and its layout. The more functional and better designed, the more valuable it will be.
8. Potential of development: The potential of the property for future development, such as the ability to subdivide the land or add an addition to the existing structure, will also play a role in determining its value.
9. View: A property with a beautiful view can be more valuable than one without.
10. Accessibility: The property's proximity to highways, public transportation, shopping centers, and schools can affect the accessibility of the property, and thus its value.
11. Market conditions: The current market conditions in the area, including the local economy, housing demand, and interest rates, will also affect the value of the property.
12. Environmental factors: Properties located in areas prone to flooding, landslides, or other natural hazards may be less valuable than those located in safer areas.
13. Quality of the neighborhood: Properties located in well-established, safe neighborhoods will generally be more valuable than those located in less desirable areas.
14. Building codes: Properties that have been built to meet current building codes will be more valuable than those that were constructed before the current codes were implemented.
15. Energy efficiency: Properties that are energy efficient, such as those with solar panels or geothermal heating systems, will generally be more valuable than those that are not energy efficient.
16.Historical significance: Properties that have historical significance, such as a property that has been designated as a historical landmark, will be more valuable than a property with no historical significance.
17. Landscaping: A property with well-maintained landscaping can be more valuable than one without.
18. Legal Issues: Any legal issues associated with the property, such as outstanding liens or zoning violations, will have an impact on the property's value.
19. Condition of systems: The condition of the property's systems, such as the electrical, plumbing, and HVAC systems, can affect the value of the property.
20. Lease terms : If the property is being leased, the terms of the lease, such as the length of the lease and the rent being paid, can affect the property's value.