10/06/2026
🏡 REAL ESTATE 101: Understanding Property Values
Did you know there’s more than one way to determine the value of a property?
Whether you're buying, selling, investing, or simply curious about the property market, understanding the different types of property values can help you make informed decisions.
📌 Market Value – What a property is likely to sell for in the current market.
📌 Investment Value – The value based on income potential and return on investment.
📌 Assessed Municipal Value – The value used by the municipality for rates and taxes.
📌 Value in Use – The value based on how the property is currently being used.
📌 Bank Valuation – The value determined by a bank for financing purposes.
📌 Insurance Valuation – The cost to rebuild or replace the property if needed.
Knowing the difference between these values can help you better understand your property's worth and avoid costly surprises.
Have questions about your property's value? Our team is here to help!
📞 Contact Karis Properties today.