THINGS TO KNOW WHEN VALUATION OF RESTAURANT PROJECTS

Resort real estate is a type of traditional real estate that has appeared for a long time in the world as well as in Vietnam. The characteristic of this type of real estate is that it is both residential and business projects such as Home-stay, resort apartments, etc.

Advantages of resort real estate

This type of real estate has the advantage of high profitability compared to other types of real estate, especially in tourist, resort and scenic cities. With the target group of tourists such as households, groups of friends, delegations of agencies, etc., it is estimated that there has been a strong development trend in recent years, so this type of real estate promises to be very promising. has strong growth potential in 2021 – when the covid epidemic is under control.

In addition, most provinces and cities with tourist and resort areas have large investments in infrastructure such as roads, airports, electricity, restaurants, etc. or mechanisms and policies. This has created favorable conditions for resort real estate projects in Vietnam.

Appraisal of resort real estate projects

For investors, the appraisal of resort real estate projects is a must-do to assess the legality as well as determine the exact value of these projects before "money down". . However, if they are not "industry people", when appraising resort real estate projects, investors should note the following:

1. Legal grounds for conducting valuation

• Decisions of the Provincial/City Peoples Committees showing agreement and approval for land use conversion; Land acquisition; Allocate land to investors for implementation of investment projects.
• Papers showing ownership, right to use real estate and documents of competent authorities agreeing, permitting valuation (if any).

2. Legal documents of the investor

• Business registration license of the investor (copy)
• Certificate of land use right, property ownership (for real estate that has been granted a Certificate).
• Real estate purchase, sale and lease agreements (copy).

3. Documents showing technical specifications of real estate projects

• Detailed planning of 1/2000 scale of the competent authority.
• Decision of Provincial Peoples Committee on approval of detailed construction planning at scale 1/500 of real estate projects,
• Location map of the land plot,
• Investment project report of the design consultancy unit.
• Documents of departments and agencies on agreement and comments on investment projects (if any).
• Types of written agreements on electricity, water, fire protection, water drainage.... of the project.- Documents proving the investors financial capacity.
• Results of appraisal of the basic design of the Department of Construction,
• Decision of the Provincial Peoples Committee on approving the investors construction investment project,
• Construction permits, construction design drawings, total investment estimates,

Reputable resort real estate project appraisal company

After 5 years of establishment and intensive development in the appraisal industry, Indochina Investment & International Appraisal Joint Stock Company is proud to be the leading resort real estate project appraisal unit in Vietnam.

The appraiser team of Indochina are economists, marketing experts, masters of economics, bachelors of business administration, lawyers, etc., so we are committed to providing our clients with the main appraisal results. most accurate, most objective. In addition, with a wealth of experience along with a fast and rigorous appraisal process, applying the latest appraisal standards... so the reports and appraisal certificates of Indochina are also valid for the homeowner invest.