Subject of property appraisal
 
Real estate
land, building, apartment, forest land, fruit garden, stock farm, salt farm etc.
Corporation
(enterprise etc.)
 factory, cat, construction equipment, vessel, movable property etc.
Special
articles
 movable property and mining rights, fishing ground and fishery rights,
right of trade, listed stock and non-listed stock, stocks and bonds,
other intangible assets etc.
Intangible
assets
 right of trade, patent right, trademark right, brand valuation,
domain value estimation, technology value estimation of venture firms,
cost estimation of environmental pollution
 
Valuation three ways

Generally value of real estate come from relation combination of the usability · relative scarcity · effective demand. In this background of value generation three elements, as a main cause of value generation relative the power of influence of general · regional · individual main cause does it work.
Property appraisal as a general property’s valuation standards means work to try for the value of real estate as the basis on value three multivalences(ability of expense · profitability · marketability) and real estate value generation three main cause.

 
It says that are based on ability of expense and thinking of exchanging ability a prime cost law trying for the value that standardize “replacement cost or cost of reproduction” and integration trying for pay with initial cost as the center
 
It says a way that we try for value or pay of the target things according to thinking of marketability, and it is a “sales comparison approach” which is a way to try for value depending on this way, And then it is a “rent comparison approach” which is a way to try for pay.
 
There are two ways. One is a capitalization law which is way to try for value or pay of target things and the other is a analyzing profit law trying for pay, according to thinking of the profitability, in the future using expected clear profit that target things are going to create.
Necessity of property appraisal
Real estate have the feature of fixation and regionality, diversity of use. And also because some individual person tends to have special subjective valuation in relation to special real estate, real estate need to estimate each thing’s value in particular.