The CAS Value Calculator allows users to estimate the final value of their property by considering factors such as size, type, location, and age.
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Using the CAS Value Calculator
The CAS Value Calculator is designed to help you estimate the value of a property based on various factors, including its size, type, location, and age. Follow these steps to use the calculator effectively.
Step 1: Enter Property Details
- Square Meters: Enter the size of the property in square meters. This is a required field, and the value must be at least 1 square meter.
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Property Type: Select the type of property from the dropdown list. The options available are:
- Standard Property
- Premium Property
- Luxury Property
Each type has an associated multiplier that affects the property’s value.
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Location Factor: Choose the location of the property, which impacts its base value. The available options include:
- Urban Area
- Suburban Area
- Rural Area
Each location has a different multiplier affecting the property’s base value.
- Property Age (Years): Input the age of the property in years. This field is required, with the age ranging from 0 to 150 years.
Step 2: Review the Results
After providing all the required input details, the calculator will automatically compute and display the following results:
- Base Property Value: Calculated by multiplying the square meters by the selected location’s multiplier. Represented in Euro (EUR) to two decimal places.
- Age Depreciation Factor: This factor reflects the depreciation of the property due to age. It is calculated using the formula: max(0.5, 1 – (propertyAge * 0.01)) and is presented as a percentage.
- Quality-Adjusted Value: This value adjusts the base property value by the selected property type’s multiplier. It is shown in Euro (EUR) to two decimal places.
- Final CAS Value: The final adjusted property value considering both quality and age depreciation. Calculated by multiplying the quality-adjusted value by the age depreciation factor and displayed in Euro (EUR) to two decimal places.
Conclusion
By following these steps, you can effectively estimate the value of a property using the CAS Value Calculator. The calculator provides insights into how different factors impact the property value, giving you a comprehensive understanding of your investment.