TYPE OF WORK MATERIALS OF CONSTRUCTION USED

Foundation
CONSTRUCTION MATERIALS OF IMPROVEMENTS

Concrete Semi-concrete Steel Wood

Beams
Concrete Steel Wood
Exterior Walls
Cement Marble Mactan Anay
Brick tiles Peebles V-cut Spraytex
Interior Walls
Plywood Wall Paper Marble
Cement Upholstered Dividers Peebles
Flooring
Cement Marble T&G Wood Panels
Crazy-Cut tiles Wood Parquet Glazed tiles partly
Ceiling
Wood Panel Cement Acoustic Plywood
Roofing
GI Sheet Tegula Tiles Long span Cement
Doors
Flush Panel Aluminum Glass
Windows
Glass Jalousies Steel Casement Sliding Wood
Gate & Fences
Concrete Cyclone Wire Steel Gate

LAND VALUATION

Appraised Value Loanable Value

Lot/Block No. Area (sqm) Price/sqm (PhP) Total Market Value (50%) (80%)
4179-E 1,000sqms. P1,500.00 P1,500,000.00 P750,000.00 P600,000.00
4,388sqms. P250.00 P1,097,000.00 P548,500.00 P438,800.00

TOTAL 5,388sqms P2,597,000.00 P1,298,500.00 P1,038,800.00

BUILDING & IMPROVEMENT

Unit 1 & 2 Reproduc- Total Unit 1 & Reproduction Total

VALUATION

Level Area (sqm) tion Cost Reproduction Level 2 -Area Cost per sqm Reproduction
per sqm (sqm)
Ground Flr. 80 10,000 800,000.00 Ground Flr.
2nd Floor 2nd Floor
3rd Floor 3rd Floor
Open space

Remarks: Total Reproduction Cost-Improvements 800,000.00

Applied reproduction cost Less: Depreciation (4% per year x 5 = 20%)
is based primarily from the Net
prevailing cost of labor & Loanable Value – Improvements (50%) 400,000.00
materials. Labor cost is Loanable Value - Land P1,038,800.00
considered high due to the Total Loan Value of the Land & Improvement P1,438,800.00
man-to-man hauling of
materials from main Road
to interior location of the LOT
properties.
LOCATION SOURCE INFORMANT/POSITION PRICE/SQM.
INQUIRIE
S
 BASES OF VALUATION

The Sales or Market Value Approach is used in the valuation of land and obtained from
QUALIFICATION

commercial/universal banks while the improvements are based on reproduction cost at current
REMARKS &

price.

Additional labor cost is imputed to the price per square meter considering improvements and
lots are located in the interior part of the vicinity required additional costs in hauling materials
from the main road/Street to the site of the properties.

FINAL VALUATION AND CERTIFICATION

FINAL VALUATION