Weighing the various influences on value takes experience and common sense. In developing value opinions, the appraisers at National Equipment Appraisal consider several factors, both objective and subjective and the synthesis of these results is a defensible value judgment.
Developing a defensible opinion of value takes discipline and is required if the work product is to withstand scrutiny. So you are protected and receive the highest level of certainty, here are some of the factors the appraisers at National Equipment Appraisal consider:
Recent sales of comparable assets
Replacement costs
Condition / Functionality / Obsolescence / Technology
Economic factors - Market conditions and trends
Time to market (or liquidate) the assets
Installation / Start up and test
Income generating capacity (in certain situations)
Most of all, it is the appraiser's experience that defines the process for achieving high levels of valuation accuracy. Experienced appraisers with specific industry knowledge inspect assets, record their condition and note anything that makes the equipment unique. This visual inspection, combined with a disciplined research methodology described above unites the theoretical with the practical resulting in a defensible, supportable appraisal.
Call National Equipment Appraisal today to discuss your valuation project.