Equipment Appraisal Blog | Understanding Machinery Appraisals

Why is it important to consider appraising woodworking equipment?

Posted by Equipment Appraisal Services on Tue, Jul 17, 2018 @ 01:17 PM

When you work with lumber, it's not uncommon to deal with fluctuating values. The lumber you use changes cost after a major hurricane makes prices skyrocket. Your finishing materials change when a manufacturer goes out of business. Your tool costs can even change value when they're put on sale. But what about your woodworking equipment after you've paid the bill? As one of your shop's most expensive assets, appraising woodworking equipment should be at the top of your list when it comes to recording asset values. Here's a quick look at some common reasons why woodworking equipment is appraised.

Why is it important to consider appraising woodworking equipment?

When you know how much your equipment is worth, you're in a better position in a number of different circumstances. Here are a few to consider:

  • A fellow woodworker visits your shop and notices your rarely-used shaper that has been sitting in the corner for the past five years. They ask how much you want for it. If you don't know, you could be asking far too much and costing yourself the opportunity or losing significant value by asking far too little. How do you determine a fair value for your equipment in this situation?
  • A rag is left with finishing products on it and spontaneously combusts, starting a workshop fire that causes significant damage to your high-end cabinet saw. When the insurance adjustor comes out to inspect the equipment, he quotes you a much lower reimbursement amount than you feel your saw was worth. How do you prove the saw's value to get appropriate reimbursement for your broken equipment?
  • After declaring that you're spending too much time in the shop, your spouse states that they want a divorce. Whether you live in a community property state or not, your woodworking equipment is brought into the debate. Your spouse has found the latest models of your equipment with the highest possible values, even though your machinery has been in use for over 20 years. How can you prove what your equipment is really worth and avoid being taken to the cleaners in the settlement?
  • Following years of operating your woodworking business, you're ready to expand. But because of a couple questionable financial issues on your credit report, your bank is balking at approving your new business loan without any collateral. You're willing to put your existing machinery up against the loan, but the bank isn't certain of the value. How can you document it's worth?
  • With a need to increase tax funds through the county, your local tax assessor makes a mistake and determines that your bandsaw is worth significantly more than you paid for it in the first place. They don't want to back down and aren't even willing to make a concession that they could be wrong. How do you fight the bad assessment?

By appraising woodworking equipment in your shop, you'll gain a much better idea of what those assets are worth. This allows you to make better decisions about whether you should invest in repairs, replace a piece of machinery or upgrade to a different model. However, not all equipment appraisals are the same. Make sure you take the time to work with a certified equipment appraiser. This ensures that you're getting machinery values from an independent third party that will hold up well to strong scrutiny.

Tags: appraising woodworking equipment

Going to seed: How appraising farm equipment improves your farm finances

Posted by Equipment Appraisal Services on Tue, Jul 10, 2018 @ 04:12 PM

When you're in agriculture, your finances can go up and down with the market. Knowing the overall value of your farm assets helps you make wise decisions for your operation's future outlook. With the high cost of machinery today, appraising farm equipment can help you get a better grip on your farm's finances and the overall value of your assets. This can come in handy when you need to make an insurance claim, fight inaccurate tax assessments or secure financing for a farm loan. Here's a quick look at the many ways farm equipment appraisal can help you improve the accuracy of your farm finances.

Going to seed: How appraising farm equipment improves your farm finances

Whether your equipment is the latest model or an aging fleet of implements and tractors, that equipment represents a large portion of your farm's assets. Combine that with the value of your land itself and you're looking at almost every asset for your farm operation. It's easy to see how the value of your farming equipment can strongly impact your farm's economic status. 

With the changes in the tax laws, you can choose to deduct the full cost of new equipment for at least the next few years, which reflects a strong change from the depreciation tables of the past. But whether you use standardized depreciation tables or deduct the cost using the new tax laws, your machinery's value probably does not change to meet those estimated values. Why?

When you use a depreciation table, you're assuming that your machinery is losing value at a steady rate that happens to match the time period of the table. However, many farmers have old equipment lying around that is used regularly which reached a value of zero on the depreciation table ages ago. That doesn't mean that that old hay wagon, ancient farm truck or aging tractor has no value in your operation.

What would you do if you had a fire in your machine shed and lost that equipment? The depreciation tables and your books may reflect that the equipment has no real value, but you know you'll need to replace it before harvest comes around. When you need to make a claim with your insurance company, will their standard value actually cover the cost of replacing that equipment? In situations like these, it's important to have your equipment appraised.

When you need to fight a bad assessment or estimate of value from an insurance company, court or financial institution, an equipment valuation from a certified appraiser provides a solid basis for value. Because a certified appraiser uses standardized methodologies to calculate value, these values have been proven to stand up well to strong scrutiny.

Appraising farm equipment helps you record your machinery's value both at current as well as over time. This, in turn, allows you to update your financial books, which tells you exactly where your finances fall when you need to determine whether expanding your operation, replacing older machinery or upgrading machinery to improve productivity. However, before you try to get a machinery value from your local equipment dealer, remember that they have a vested interest in selling you new machinery, which will impact their valuation. Make sure you work with a certified equipment appraiser to get an accurate machinery value.

Tags: appraising farm equipment

What is looked at when appraising metalworking equipment?

Posted by Equipment Appraisal Services on Tue, Jul 03, 2018 @ 09:44 AM

Welding robots, presses, brakes: when you work with metals, machinery can be one of the largest assets your business benefits from. But how do you protect that investment? Though it's often left until a piece of machinery is being sold, appraising metalworking equipment can help you better judge your equipment's longevity and useful remaining life. This allows you to make better decisions on when it's time to upgrade or replace your equipment. But what happens during the appraisal process? Here's a quick look at some factors that are taken into account when an equipment appraiser looks at your metalworking machinery.


What is looked at when appraising metalworking equipment?

When you contact an equipment appraiser, you'll be asked a number of different questions, but one of the first quickly decides exactly what direction the appraiser will take in calculating equipment values. Because the methodologies used by equipment appraisers have been tested in a range of different circumstances for decades, it's important that the appraiser understand the reason why your machinery needs to be appraised. You'll receive a different value based on whether the equipment is being sold quickly to settle an estate, replaced for insurance purposes, part of divorce proceedings or for a change of ownership.

However, the areas that an appraiser will look at are often very similar. The appraiser will start by looking at the machine's age, overall condition, resale value, the condition of the market you supply, how well the equipment has been maintained and any features that may raise its value. If a piece of machinery has been abused or neglected, it will have a much lower value than equipment that has been well maintained and kept in good repair over the course of its entire lifespan. This information helps the equipment appraiser in a number of different ways.

The machine's age will often play a part in the machinery value, as it can help the appraiser determine roughly where the machinery falls across its lifespan. Does that model tend to last for ten years, twenty years or thirty years? This can make a big difference in value if the equipment is nine years old, as it helps determine how long that machine will roughly provide value to the business. What is its usual resale value and are you willing to wait for the right buyer or sell quickly? Is the equipment currently in demand? This can be determined by the economy and whether you'll be able to find buyers for your equipment without taking a heavy loss. Additional features can help boost value.

Appraising metalworking equipment can benefit your company in a wide range of areas, but by knowing what the equipment appraiser will be looking at can help you get a better eye for machinery values yourself. By having your equipment regularly appraised by an independent third party, you can draw up a schedule and plan for when equipment will need to be replaced, allowing you to shop for the best deals and, if needed, secure the best possible financing for your specific situation. Make sure you're working with a certified equipment appraiser who has experience in your industry to ensure you're getting the most accurate information on your company's values, as that appraisal report will hold up to strong scrutiny in legal, financial, tax and insurance circles.

Tags: appraising metalworking equipment

Stat: Why appraising medical equipment is vital to the health of your practice

Posted by Equipment Appraisal Services on Tue, Jun 26, 2018 @ 03:14 PM

When you run a healthcare practice, your machinery is a big part of your business assets. As a large investment, knowing what it's worth is important to knowing where your practice's finances stand. However, it's also one of the most overlooked parts of your business' overall worth, often only looked at when it's time to sell the equipment or the practice. When you take the time to really keep track of equipment values, you can make smarter decisions that can improve the overall value of your entire practice. Here's why appraising medical equipment helps you keep a pulse on your business' bottom line.

Stat: Why appraising medical equipment is vital to the health of your practice

Why is it important to have your business bank accounts balanced on a regular basis? Why do you take a look at your profit and loss statements? Why do you make sure bad debts are pursued? Much like these other areas of financial concern for your practice, medical equipment appraisal helps you determine your practice's worth in the marketplace.

Like many other types of professional equipment, medical equipment depreciates in value over time. This can happen due to wear and tear, the appearance of new features in updated models, industry shifts to newer technologies and other issues. As it depreciates, your practice loses asset values. With the changes in the tax code, this process is becoming more important than ever, as you can now depreciate the full value of your machinery in a much shorter time period. Where does that fall with your updated tax strategy?

When your medical equipment is appraised, the appraiser looks at a number of factors. What condition is the machinery in? Has it been well maintained and received repairs as needed? Does it currently need repairs or have non-functional features that will impact its value? What about the market? Is this a common manufacturer or model that has a reputation for exceptional performance that will hold its resale value down the road? Is it an odd brand that will be hard to find a buyer for? Has it been largely replaced by more modern equipment that has features that have become standard? Are there features that provide additional benefits to a prospective buyer that are not typical for that type of machinery?

These factors impact the overall value of the machinery and help you determine how much insurance you need, what it's worth in legal proceedings or what you should expect in property tax assessments. By knowing the value, you know whether the value represented by the outside concern is accurate or not.

When you take the time for appraising medical equipment as a regular part of your practice's overall financial management, you can quickly determine which equipment should be sold before it loses value and what machinery may provide significantly more value to your practice before it needs to be replaced. When you decide to have your medical machinery valued, make sure that you verify that the appraiser you're working with is an experienced certified equipment appraiser. This helps ensure that they have the expertise and experience needed to provide you with an accurate value that will hold up in a wide range of areas, including insurance, taxes, legal and financial circles.

Tags: appraising medical equipment

Roll On: What's Involved in Appraising Truck Tractors and Trailers

Posted by Equipment Appraisal Services on Tue, Jun 19, 2018 @ 08:52 AM

When you work in trucking, your equipment is your biggest investment, and at the same time, it's the one that tends to age the fastest and lose value. For that reason, appraising truck tractors and trailers is an important part of protecting those assets from loss due to theft, accidents and disasters. But what happens when your trucks are being valued by an outside company? Here's a quick look at the overall process and the nuances of tractor trailer appraisal.

Roll On: What's Involved in Appraising Truck Tractors and Trailers

Every day, tractor trailers cover hundreds of miles, adding up to hundreds of thousands of miles annually. Every minute, as these assets cover ground, their value is decreasing. How can you account for the change in value of this machinery to your insurance company, local tax assessor, finance company or court when you need to prove what your assets are actually worth?

Imagine a small trucking company that is run by a husband and wife team. During a divorce, the party who is leaving the business claims the value of the year-old equipment at purchase value, because it's the latest time that their tractor trailers were given value. But that doesn't account for the difference that several hundred thousand miles, accidents and damage that can happen while going down the road. When you have an equipment appraisal performed on your tractor trailers, it helps provide a third-party value for your machinery that is impartial to the proceedings.

Nobody likes dealing with property taxes, but when the same assessor is judging a wide range of assets including real estate, small cars, industrial equipment and semis, is it any wonder that sometimes they get things wrong? At the same time, tax assessment offices often demand that you bear the burden of proof when trying to fight a  bad tax assessment. Having an appraisal performed is one of the best ways to immediately prove value of a piece of equipment when an assessment is wrong.

When you have your semis and trailers appraised, the appraiser looks at a wide range of issues that can impact your equipment's value. Unlike other machinery which stays in the same location and often ages in very similar ways, your trucks and trailers are often sent to very different areas that can change how they age. By using a certified equipment appraiser who has trucking experience, you know that they're not going to provide the same value to a semi in pristine condition that has done long-haul work in the Midwest and a truck that has had significant damage in the East Coast's inner cities, even if their mileage is similar.

A good appraiser will also look at the reason the appraisal is needed. There's a big difference between appraising for the value of replacing a truck that is currently in service compared to the value of a semi when a partnership is being dissolved or an ancient tractor finally bites the dust. By appraising truck tractors and trailers for your business, you're protecting your company's bottom line. It ensures you have the documentation needed to process insurance claims, secure financing for expansion or upgrades to machinery, deal with tax assessment issues or work through purchasing or selling a logistics company. Make sure that you work with a certified equipment appraiser who has experience in trucking, shipping or logistics to ensure your appraisal is as accurate as possible.

Tags: appraising truck tractors and trailers

How appraising industrial equipment helps improve your company's bottom line

Posted by Equipment Appraisal Services on Tue, Jun 12, 2018 @ 12:32 PM

When your company deals with serious machinery, it's important to know its value for insurance and tax purposes, right? Actually, there are a number of other reasons why appraising industrial equipment assets can help improve your company's situation, flexibility and adaptability in the marketplace. Here's a quick look at how you can use your equipment values to leverage everything your business has to offer, allowing you to improve your position in the market.


How appraising industrial equipment helps improve your company's bottom line

Whether you're processing materials, manufacturing products or otherwise have industrial equipment involved in your business, you know you've got a lot invested in your machinery. But is it really that important to know exactly what your equipment values are? After all, it's accounted for in your books through depreciation, which are based on commonly used tables, right?

Unfortunately, depreciation tables rarely provide an accurate representation of your equipment values. Why? Because they're an average amount of asset value loss over time, they tend to be overly generalized. Virtually every business has equipment that has been fully depreciated for years, yet that equipment continues to deliver value through its use on a regular basis. If that machinery were to suddenly fail, the business would suffer for its loss in terms of production, and an investment would need to be made in terms of new machinery, costing the company capital that it may have already allocated to other operations.

Most companies also have equipment that has failed before it has been completely depreciated. Whether it was a press that was expected to be used hard and abused to a certain extent for a particular project or machinery that has simply failed before it was fully depreciated, it will still show up on the books as having value, even though its only value is as scrap metal. These situations, where equipment has excess or lack of value in the books that doesn't represent real-world values, can create a false sense of your company's assets. This, in turn, can create serious problems when you use those bad figures for securing loans or as a basis for expanding the company's operations.

What about market conditions? When you depreciate a piece of equipment, you have an expectation that the depreciated value may reflect current market demand for that machinery. But when the market is growing, that equipment may be worth more than its depreciated value. This can be problematic when a piece of equipment fails and you base the replacement cost on the depreciated value of the equipment. When this happens and the market is strong, you may have a difficult time finding the machinery you need at the price you expect. Conversely, when the market is poor, you may have a hard time finding a buyer at a higher price point. Machinery appraisal helps provide you with an accurate assessment of the equipment's real value.

By taking the time for appraising industrial equipment, you can learn a great deal about your machinery's condition, performance and value. This, in turn, allows you to leverage that value and condition to your company's best possible benefit and growth. But how do you start the process of having your industrial machinery appraised? Start by finding a certified equipment appraiser who has experience with your industry's machinery. Certification ensures that the appraiser knows exactly how to determine your equipment's value for your specific situation.

Tags: industrial appraisal, appraising industrial equipment

What's involved when appraising restaurant equipment?

Posted by Equipment Appraisal Services on Tue, Jun 05, 2018 @ 09:46 AM

When your world is your restaurant, your equipment is a vital part of keeping that world turning. Appraising restaurant equipment is a vital part of staying on top of your business' assets. But how does the appraisal process work with this type of machinery? By having a solid understanding of how the process works, you'll be able to better manage your restaurant's assets. Here's a quick overview of the process to help get you started.


What's involved when appraising restaurant equipment?

One of the first questions you'll often hear when trying to find an appraiser for your restaurant equipment is what is the reason for the appraisal? Many businesses don't understand why this is important, but depending on the situation, many appraisers are legally required to use particular types of appraisal methodologies. Typically this happens in a divorce, estate settlement or dissolution of a partnership where the court is involved in ensuring that both parties get a fair share of the profits.

Are you trying to find out the value because you've suffered an insurance loss? If you have equipment that required specific conditions to operate properly, such as water lines at a specific pressure, being bolted to the floor or similar factors that may need to be changed with the replacement or require significant work to remove, knowing the value of the equipment including the removal costs is important to ensure that your business is reimbursed for all the expenses related to the loss rather than just the cost to replace the machinery involved in the loss.

Another area of interest is whether the machinery is in good operating condition or if it has issues, such as a non-working burner, occasional leaks and similar problems. Because these issues can often limit the performance of the equipment in your restaurant, they can impact the overall value of the machinery, whether you're selling it or preparing your business for sale. When you work with an appraiser who has experience in the restaurant or food service business, they have a much better grasp of the equipment involved and how those factors can limit your production.

What about the equipment's expected useful lifespan? Because experienced restaurant equipment appraisers have extensive experience looking at a number of equipment options, they know the signs of failure for common models. If a piece of equipment is making a specific noise, the gears or belts have issues, it has signs of failing systems or similar issues, it's much easier for an appraiser to pin down the exact issue and determine how that will impact the equipment's useful lifespan. 

If you're considering using your restaurant equipment as collateral for a business loan for your restaurant, have you taken the time to have an appraisal performed to determine the machinery's equipment prior to signing the contract? Many financial institutions don't go to the depth and length of equipment values, because they work with a wide range of loans. Instead, the documentation is often written up with incorrect values that shortchange your company's true asset values.

Appraising restaurant equipment is a complex process and should be undertaken with the help of an experienced, certified appraiser. It's an important part of your business process because understanding how the process works can help you figure out how your assets change in value over their usable life. Make sure to work with an equipment appraiser who has experience in the restaurant industry.

Tags: restaurant equipment appraisal

What happens when appraising construction equipment?

Posted by Equipment Appraisal Services on Thu, May 31, 2018 @ 12:22 PM

When you work in construction, your machinery is a big part of your company's assets. But part of being a responsible business owner involves knowing the value of your assets. How do you determine how much your equipment is worth once it's gone into service? Here's a quick look at what happens when appraising construction equipment.


What happens when appraising construction equipment?

There are a number of different areas that an equipment appraiser considers when appraising your equipment, some of them not what you may consider when setting up an appointment to have your machinery appraised. 

  • How old is the equipment? Though age isn't a solid indicator of performance, it can create a lower overall value as newer machinery has features that have become standard because they are very handy and help improve your rate of production. As an example, a miter saw with a laser cut indicator helps speed up cutting time, allowing your crew to get back to work on the project instead of lining up careful cuts one at a time.
  • What is that model's performance history? Some models are known to have specific issues that can impact performance, lifespan or functionality. If there has been a remedy provided by the manufacturer to deal with a specific problem that has not been installed on your machinery, it can negatively impact your machinery's value.
  • What features are available for that specific model? If you have a pickup to help haul materials and tools, does it have four wheel drive or a towing package that will improve its functionality on the job and improve its overall retail value? Added features and kits that improve functionality often improves overall equipment value.
  • What condition is the equipment in? If it's in good shape and has been well maintained, your equipment may value much higher than you may expect. If, however, it is nearing the end of its expected useful lifespan, the value may be much lower than you'd expect. A good equipment appraiser will take a solid look at the equipment's workings to determine its condition.
  • Are there signs that the equipment has been abused or neglected? If it's obvious that there are problems with the equipment, most people can pick up on it and would offer a lower value. But what if the equipment you're considering buying has had panels replaced or fluids changed to hide abuse or neglect? A good appraiser will catch issues like this.
  • Are there receipts or maintenance logs available? Being able to prove the machinery has been well maintained proves it has not been abused or neglected, as above, and may help build value through the documentation. It also helps the appraiser determine what has been done on the machinery, whether it has been well maintained from the beginning or if it has had to be rehabilitated at some point.
  • What is the industry or market like for reselling machinery? When the housing bubble burst and helped crash the economy, construction equipment wouldn't resell for very much, especially compared to a few years prior when the industry was booming and finding equipment was virtually impossible.

Appraising construction equipment can seem like a confusing process, but by understanding how that process works, you can have a better appreciation for how equipment values are determined. By knowing how the appraisal process works, you can leverage this information to your company's best interests.

Tags: construction equipment appraisal

What are USPAP appraisal standards and how can they impact your valuation?

Posted by Equipment Appraisal Services on Tue, May 01, 2018 @ 09:06 AM

When you're considering having your equipment values determined, you may hear the term USPAP Appraisal Standards tossed around. But what are these standards, how can they impact your valuation and why should you work with an equipment appraiser who is familiar with these standards? Here's a quick overview of the standard and how it impacts your machinery values.

What are USPAP Appraisal Standards and how can they impact your valuation?

When it comes to appraising real estate, property, intangible assets and business values, the Universal Standards of Professional Appraisal Practice provide a type of quality control to the process. It was established prior to the Savings & Loan Crisis in the late 80s and was then taken over by The Appraisal Foundation following the crisis. TAF is overseen by the Appraisal Subcommittee in Congress to ensure that artificial inflation of a valuation can't grow out of control again.

Since 2006, the standard has been updated every other year. This allows it to remain current with changes in the industry and new regulations. Though it's mainly used in the US, it's been adopted either in whole or partially by a large number of professional appraisal organizations in foreign countries. Though it controls the standard of how appraisals are performed, including requiring that the appraiser be familiar with and use the appropriate methodologies, it does not, in fact, require particular methodologies to be used.

There are a wide range of different certifications available that address the USPAP standards, dealing with a number of specialties. There are some that cover different aspects of real property, while others focus on federal government property appraisals. The Personal Property Appraiser certification is the specialty that deals most closely with machinery valuations. To meet the qualifications for this certification, the appraiser is required to remain in compliance with USPAP, have successfully completed 30 hours of college-level work from an accredited educational institution, have passed the 15-Hour Personal Property USPAP Course or a 45+ hour course and exam dealing with valuation practice, additional hours of coursework and many other qualifications. 

But how do you benefit when you choose to have an equipment appraiser use USPAP standards to appraiser your machinery? You'll know that the appraiser is well-educated and experienced in the appraisal process and can be counted on to provide you with a calculated appraisal report that is accurate and will be accepted in virtually all circles, including legal, insurance, financial and tax agency situations. You'll know that the appraiser has dedicated significant amounts of time to studying the standard to ensure that they remain in compliance with the USPAP and will be knowledgeable about any questions you may have about their practices and methodologies. You'll also know that you can count on their calculations to provide a solid figure for negotiations when you're planning on buying, selling or trading a piece of equipment, which in turn can help keep you from being taken advantage of.

By understanding the USPAP Appraisal Standards and how they impact your equipment valuation, you can gain a better understanding of how machinery is valued and what aspects can impact those values. When you're having your equipment appraised, using a certified appraiser who is familiar with the machinery in your industry and the appropriate USPAP standards is the best way to ensure your appraisal is as accurate as possible.

Tags: USPAP appraisal standards

What benefits can you get from a commercial property valuation?

Posted by Equipment Appraisal Services on Tue, Apr 24, 2018 @ 01:40 PM

When you own a business, your equipment can be a large part of your overall assets. Unfortunately, many business owners fail to get a commercial property valuation before it's needed, making the process much more complicated when working with a tax agency over a prior year's donation, an insurance company after a fire or with an interested buyer who wants a serious bargain. An equipment valuation can help protect your interests in a wide range of situations. Here's a quick look at the benefits you'll receive when you get one:

What benefits can you get from a commercial property valuation?

Determining what your machinery is worth can be an open-ended question. To a machinery dealer, it's worth whatever it needs to be valued at to make the sale happen. If you need to be convinced that the machinery is worthless to get you to upgrade, they may undervalue the machinery. If they think you need a solid trade-in value to justify the investment in new machinery, they may overvalue the equipment to make the sale. Because they have a solid interest in your equipment and the actions you take with it, the value they provide for your machinery isn't necessarily accurate.

What about the values you see in used equipment being sold online or in classified ads? Unfortunately, that's not necessarily an accurate value either. The owner may be waiting for the perfect buyer and have their machinery priced higher than it would otherwise sell for, or they may be looking for a fast sale and have lowballed the selling price. If the equipment is in poor condition, it may sell for a lower amount, or if it's in great condition, it may have a higher price.

But there's more than just a simple value for your equipment when you have a valuation performed. A certified equipment appraiser's job is looking at machinery. They spend all day looking at the machinery that they're evaluating, so they can often tell you a great deal about the equipment's condition. When they specialize in a specific industry's equipment, they can know the failure points for many pieces of machinery. They can tell when a piece of equipment has been well maintained and when the machinery has been neglected or abused.

Unlike tax assessors, who look at a wide range of property, a valuation specialist can quickly and accurately determine the differences in value between a diesel and gasoline engine in the same work truck, a bandsaw mill that has a wide range of potential accessories or attachments or the difference in the size of a metal press. They can help ensure that the value you receive is accurate to your exact machinery. Because they are an independent third party, the value that they calculate will not be influenced by any outside factors.

By getting a commercial property valuation on your business equipment, your company can benefit from that appraisal in many ways. However, it's important to remember that the valuation is only as good as the appraiser who performs it. If you use a simple equipment to estimate your equipment values, there's a good chance that appraisal will not hold up to strong scrutiny. Make a solid investment in your equipment values by making sure that your equipment valuation specialist is certified with a national appraisal organization.

Tags: commercial property valuation