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  Have you ever wondered why some spaces are small and comfortable, while other spaces of the same size just feels super inconvenient and uncomfortable, well stop worrying, as we will be looking at one of the concepts that guide proper spatial allocation when designing, planning, leasing, buying, selling, or renting real estate properties. The truth is a lot of building and real estate consultants are not aware of the fact that there is a huge difference between usable spaces and available spaces, in terms of square meters or feet that is, this means when a space is said to be about 100sqm, it does not immediately mean a 100 square meters of usable space, but just a 100 square meters of available space, and not understanding this simple thing continues to cause issues within real estate, as people start doubting each other’s credibility simply because two different space said to be the same square area, practically look and feel different. What is a usable space? In real estate...

  Earlier we looked briefly at land valuation, and just like land, when it comes to building property valuation, all determinants are categorized under location related factors and economic factors, which addresses the issue of property demand and supply, now looking in debt at some of these factors when it comes to building structures, we also find some things interesting: 1       ARCHITECTURE QUALITY: This is what determines the initial public offer in valuation before any other factor is considered, the architecture style from interior to the surrounding landscape, and most especially the building’s design exterior. 2      USABLE SPACE: This is referring to the actual usable space minus circulation, this is as a result of poor spatial design allocation within most buildings, especially when you come across a 200 square meter property having only 100 square meters of usable space, at Built-Advice, we believe for residential bui...

Quickly now, we will be looking at land valuation determinants, although when it comes to anything property valuation, all determinants are categorized under location related factors and economic factors which addresses the issue of property demand and supply, obviously when demand is higher than supply, it causes an increase in valuation, but looking in debt at these factors when it comes to land, we come to find some things interesting: 1.      PROXIMITY TO LANDMARKS: This is practically one of the simplest or easiest ways to increased or in rare cases decreased land valuation, as nearness to notable or popular landmarks can help your land valuation 2.     DEMOGRAPHY: Another easy way to increased valuation is the demographic nature of the environment, be it by age, race, tribe, citizenship, income class, the more notable the better 3.     ROAD NETWORKS: This is probably the most popular determinant for land valuation, as p...