Commercial real estate can be a complicated asset type to value. People want fast turn around times and reliable insights into their property's worth.
Wakefield, Massachusetts (PRWEB) June 17, 2013
Today, MANSARD launched a new program to help Massachusetts commercial real estate owners get the insights they want -- reliable property valuations in quick turn-around times.
In order to help commercial real estate owners discover their property's value quickly, MANSARD collects some basic information about the property and then develops a discounted cash flow model, sales comparison model, and residual land valuation as needed. According to MANSARD, these 3 approaches test the property's value in distinct ways to provide Massachusetts commercial real estate owners with greater accuracy.
In order to test the program, MANSARD is limiting the launch to Massachusetts commercial real estate owners of retail, office, residential, industrial, and raw land properties. They will not provide valuations outside of Massachusetts or analyze hotel properties until the program's success has been established later in 2013.
To name the company, MANSARD borrowed “MANSARD” from the French architect that created value for his clients by implementing a new architectural design. At the time (17th Century France), French assessors taxed real estate by the number of floors in a building below the roofline and when you owned a building with a lot of floors, you paid a lot of taxes. They hired Mansard to solve the problem.
He implemented a design with a swept roofline to allow his clients to increase their floor count and square footage, while reducing their tax liability and lowering their operating costs, increasing their net income, and maximizing their building’s value. MANSARD provides commercial real estate expertise to owners of Massachusetts commercial real estate.