Wisdom Property valuation and Management plc.

ዊዝደም የንብረት ግመታ እና አያያዝ ኃ/የተ/የግ/ማ

Our Services:
1. Property Valuation
2. Property Development
3. Facility Management
4. Compulsory Acquisition
and Compensation
5. Feasibility Studies
6. General Estate Practice

We Provide Property Valuation in Ethiopia. Accurate information showing the value of the property is a
constant business requirement. Wisdom Valuers Limited is able to provide independent property
valuation of all types of assets for all purposes and business needs. These include valuations of land and
buildings, furniture, fittings, any type of equipment, plant & machinery and motor vehicles.

1. We carry out asset valuations for various purposes such as:

1. Bank/Mortgage/Loan
2. Disposal/Sale
3. Purchase
4. Insurance
5. Owner-Occupier house allowance
6. Rental Negotiations
7. Book/Audit/Balance Sheet
 8. Local Taxation (Rating Assessment) with regard to assessing the Unimproved Site
Values for rates calculation.
9. Merger and Acquisitions
2. We also undertake Property Investment and Advisory Services, which includes:

1. Property/ premises appraisals, which provide a balanced assessment of the yield of a potential
investment with regard to such factors as the age, type, condition and construction of the property, rental
values and trends.

2. Research on the costs and the continuing liabilities of retaining non-productive premises/ properties.
This will involve:

1. Investment Advice
2. Cash Flow Forecasts and Projections
3. Preparing Planning Applications and Planning Appeals
4. Property Dispute Settlement and Mediation
Vision

To be a leading valuation firm in Ethiopia.

Mission

To have a growing, profitable, valuation business, that does professional valuations,

• To deliver a service to our municipal, governmental, corporate and individual clients,

over and above the normal valuation process,

• To transfer skills to all personnel, to train them and to help them to grow with the
company, so as to also be able to share in the future financial rewards,

• To also transfer skills to our clients where it is applicable.

Independent

Wisdom valuation plc. Is an independent valuation firm and as such we are not employed
by, nor connected in any way to any government department, company, corporation, body
or person. Each instruction for a valuation is treated as confidential and is the instructing
party then our principal.

Administration staff

Our office has a large administration component (municipal valuations department,

financial department and a general office department) offering support to the valuations
which are done.

TYPES OF PROPERTY WE VALUE

• Residential properties
• Commercial properties

• Agricultural properties

• Industrial properties

• Specialized properties

• Undeveloped Land

• Movable assets

PURPOSES OF VALUATIONS

• Municipal rating

• Expropriation

• Asset registers

• Financial statements

• Buy and Sell

• Mortgage bonds

• Insurance replacement costs

• Estates

• Dispute settlement and other legal purposes

SERVICE AREAS

We undertake valuations anywhere in Ethiopia.

PERSONNEL

Directors:

Shambel Asfaw Reg. No. 3017 Professional Valuer

Asebere Tamerat Reg. No. 3846: Professional Quantity Surveyor

Henok Wendosen Reg. No. 7274 Professional Quantity Surveyor and civil engineer

Why carryout a Valuation

Unlike many other investments that are quickly used, the benefits of real property are generally
realized over a long period of time. Therefore, an estimate of a property’s value assists a property
owner to take into consideration economic and social trends, as well as governmental controls or
regulations and environmental conditions that may influence their property’s value.

The importance of valuation in property decision making

It is critical that a property valuation forms part of your usual decision making process when
considering a real estate transaction. This is simply because, valuation is an exercise, if
undertaken will yield unbiased, credible assessments of the value of a property.

Besides, a Valuation plays a key role in the following roles to both the property owners and
buyers;
A property valuation allows a large degree of comfort due to its legal nature. In this case, both
property buyers and sellers definitely need a Valuer to guide them in pricing in the transaction
process.

Determining the difference between price and value, a competent and qualified Valuer will
accurately assess your property and help you understand what your property is worth in terms of
current market value for a whole host of reasons such as; Bank/Mortgage/Loan, insurance
purposes, property tax, financial planning, buying, disposing/selling, audit/balance sheet, owner-
occupier house allowance, rental negotiations, merger and acquisitions, etc. Many properties sum
insured are either based on their perceived ‘market’ value or purchase price. That however, can
be a costly mistake and often a professional surveyors’ revaluation is advisable because an open
market value does not reflect the cost of rebuilding and is therefore not adequate to determine a
valuation for insurance.

Property valuation guides your investment, buying and selling decisions. A property investment
is one of the biggest decisions you will make and therefore, they should be made with objective.
An experienced Valuer will assist you make objective decisions in regard to selling and buying

Accurate property assessment, an Estate Agent acts on behalf of the vendor; hence, the aim of an
estate agent is always to get the maximum price for the vendor. However, the agent may not be
accurate in the pricing and may easily over or under price your property. In this case you need to
choose a Certified Practicing Valuer for accurate property assessment.

An independent valuation provides clarity and prevents unrealistic expectations. Personal

attachment can obscure judgment. Everyone forms emotional attachments to the homes they live
in or a property they wish to buy, this can affect how much they believe they are worth. To avoid
this, you need valuation. If you are selling, a valuation can provide a good idea as to what you
can realistically expect it to sell for. According to Jean Folger, a world known Valuer, the
present worth of future benefits arising from the ownership of real property, unlike many
consumer goods that are quickly used, are generally realized over a long period of time. This
makes valuation indispensible.

A valuation is a legally binding document, so it can be a valuable document when negotiating

with buyers/vendors and if any disputes arise.

Property valuation will include property information, rates, size of the land and buildings,
physical details on the construction and conditions of the dwelling, details of any immediate
issues that may need addressing as well as information on imperative sales in the area. This
keeps you on track when making selling decisions.

A valuation is tax-deductible if the property is held for investment purposes. So you get an
objective assessment of the value of your property and can claim the cost as a deduction from
your annual tax assessment. When assessing your property, it’s current market value that you
should consider. By undervaluing your property you could find yourself paying a fine in the
future, consequently, by overvaluing it you may end up paying additional tax every year. Thus, a
qualified Valuer will prevent this from happening by proving correct figures.

Valuation is of significance to Mortgages. Mortgages require a property evaluation as well. This

is a measure taken by lenders to protect their own risk as well as to ensure they are not giving a
home loan greater than the value of the property or not lending against a non-marketable one.
The valuation also tells the lender if there are any features or significant defects that could affect
the property’s value. After all, the lender is lending money against this property. Therefore As
the property is security against the home loan given; the property valuation process becomes a
pivotal part of a home loan approval.

Valuation prevents any financing shocks. This is particularly an issue if you are buying an
apartment off the plan or a house-and-land package, where the price you pay may be affected by
rebates, incentives, developer profits, marketing costs and a change in value over time. A lower
valuation may require a buyer to dig deeper into the pocket or be forced to take out lenders
mortgage insurance.

The process of making a valuation can be considered both art and science, this makes valuation
resources extremely useful. For sellers the correct pricing is vital for a successful sale. If a
property is undervalued a fast sale maybe assured but the money lost will be a painful infliction.
The opposite is true; if a valuation is too high a property may sit on the market for a considerable
amount of time, increasing the chance of sellers becoming frustrated and accepting too low a
price

To this end, both property sellers and buyers require valuation services to be certain of the value
and worth of the property they are about to buy or sell.

One more thing, agents will value your property in line with current market trends but their
opinion is just that, opinion. Thus, always seek the services of a registered and practicing Valuer
because they are the only ones who can give a true valuation of a property that is accountable.
A data bank where information on property transactions carried out by Estate Surveyors
andValuers can be kept for future reference. This sign will anticipate the idea of not
divulginginformation among valuers.