Comprehensive Valuation Report for On-Site Urban Transformation Project
1. What is On-Site Urban Transformation?On-site urban transformation refers to a redevelopment approach where the current residents are not required to leave their living spaces during the modernization and reconstruction of their area. This model is important for preserving social cohesion and preventing the displacement of the local population.2. Why is a Valuation Report Important?Valuation reports in the urban transformation process reveal the current value of properties in the area and the potential increase in value after redevelopment. These reports are essential for protecting the rights of property owners and providing investors with an objective assessment. Additionally, they play a critical role in the legal and financial aspects of the process.3. Factors Considered in the Valuation ProcessCurrent Condition of Buildings: Physical characteristics such as the age of the building, earthquake risk, and construction quality.Location and Environmental Assessment: Factors like proximity to social amenities, transportation links, and public services (schools, hospitals, etc.).Plans for Reconstructed Buildings: The design of the new structures, construction quality, number of floors, and inclusion of social spaces.Increase in Property Value: Expected price increases and rental income potential after the transformation.4. Social Impact of On-Site Urban TransformationOn-site transformation projects aim to preserve the existing social fabric. The ability of residents to adapt to their new living spaces post-reconstruction is a key factor in the project's success. Maintaining social cohesion is also crucial in gaining community support for the project.5. What to Pay Attention to in a Valuation Report?Valuation reports must be prepared by independent and licensed experts and must be in line with current market conditions. The report should be transparent, impartial, and detailed, serving as a reliable reference for all stakeholders throughout the process.6. Advantages and Disadvantages of On-Site Urban TransformationAdvantages: Social cohesion is maintained, property owners are not negatively impacted, and current residents gain access to modern living spaces without being displaced.Disadvantages: The construction process may be prolonged, and projects can face financial or legal obstacles. In some cases, project costs may exceed initial expectations.
