14 September, 2023
Creating additional value in the valuation report’s three key components
The analysis of comparables, the assessment of marketability, and the identification of potential risks – all exemplify essential components of a high-quality valuation report. It is crucial, therefore, for valuers to allocate sufficient time to these aspects. Intelligent automation adds an extra layer of value. How does it work? Keep reading to find out these three components.
Adding value
Creating added value in a valuation report is a genuine differentiating factor. However, a substantial portion of the valuation profession entails working on standardised procedures in valuation reports, such as location descriptions. That can be changed. With KATE’s software, you can greatly enhance your workflow, allowing valuers more time to focus on what truly matters: providing valuable advice to your clients.
“Valuers have dedicated years to their studies and amassed a wealth of knowledge. Leveraging and optimising their expertise is of utmost importance. By automating the valuation process, valuers can save significant time on standard procedures within the valuation report. Embracing automation allows valuers more time to transform knowledge into value creation.”
- Rutger Janssen, Director of Business Development and Co-founder at KATE Innovations
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More value in less time
The most significant advantage of automating valuation reports is time savings. With KATE’s intelligent software, it becomes possible to automatically populate many standard elements of a valuation report. Ultimately, our goal is to achieve an 80/20 ratio, where 80 percent of the report is pre-populated. The remaining 20 percent is where valuers genuinely add value with their expertise. We firmly believe that technology exists to support us humans, so let’s take advantage of it.
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Increased job satisfaction by smart software
Smart software not only enhances valuation reports but also elevates job satisfaction. Through automation, valuers bring more dynamism to their role. No longer do they need to spend hours or even days on repetitive procedures. Letting intelligent technology handle tedious and repetitive work frees up more time for the work that truly matters. This leads to greater fulfillment, deeper insights, and heightened job satisfaction.
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Room for innovation and client focus
More time also means more opportunities for innovation within the valuation profession. Valuation reports have remained largely unchanged for decades. But why? “Because that’s how we’ve always done it” is often the answer from the market. However, what do the elements in your valuation report really entail? And what added value do they bring to the client? With KATE’s software, valuers can step back and reflect on the valuation process. It provides space for valuable analyses and innovation—a revaluation of the valuation itself. This not only streamlines the valuation process but also makes it more relevant.
Providing personalized advice
Moreover, clients naturally seek expertise. With KATE’s software, valuers can focus on providing personalized advice. This way, the clients also feel heard. The key components of the valuation report can benefit from this personalized approach. Which components are those? According to our clients, they are the comparable analysis, the assessment of marketability, and the identification of potential risks. These three components heavily rely on the valuer’s expertise. Therefore, they require significant attention to genuinely offer added value to the client.
Ready for the next step in valuations?
By automating valuation reports, valuers can optimize their knowledge and expertise, providing more value in less time—for themselves, their clients, and the valuation market as a whole.
Interested in learning how this can work for you? Reach out to us for more information or to request a demo.
