Equipment Appraisal Blog | Understanding Machinery Appraisals

What Happens in a Private Medical Facility Equipment Appraisal?

Posted by Equipment Appraisal Services on Mon, Dec 23, 2019 @ 08:00 AM

private medical facility equipment appraisal

When you've kept your medical facility off of the market and it's privately held, what happens when you need to make changes or decisions about the business that are dependent on its value? A private medical facility equipment appraisal can help you determine exactly what you have and what it's worth, giving you the information you need to make smart decisions for your facility. Whether you run a nursing home, hospital, physical therapy center or similar facility, knowing what happens during the equipment appraisal process can help you through the process.

What Happens in a Private Medical Facility Equipment Appraisal?

Though medical equipment does have its own markets for resale and value, these markets are somewhat limited and may be strongly influenced based on location, new medical discoveries and new treatments. These create challenges to the market that are unique, because most other industries don't follow these same types of trends when determining the value of machinery. But whether it's an MRI, exam table, heart monitor or other durable medical equipment, the equipment should be considered when you're undertaking important decisions for your medical facility. Why? Because that value impacts the decisions you're making by providing you with a solid financial picture of your facility.

But why should you have an equipment appraisal performed on your private medical facility's equipment? As equipment ages, it loses value, which is why it's value is depreciated on tax tables for accounting purposes. However, the value from the table isn't necessarily the end value of the equipment. We've all had pieces of machinery that were completely depreciated within a few years, but continued to provide solid service for many years beyond that point. That equipment has value and should be included in the estimated value of your private medical facility's assets. It can be used to secure loans, provide an accurate view of your medical facility's financial health, as a negotiating point for the sale of the facility and many other purposes. The best way to determine that value is through an equipment appraisal from an accredited appraisal specialist. 

During the equipment appraisal process, the appraiser will take a look at the value of comparable machinery, preferably the same model from the same manufacturer. This value will then be adjusted, using a tested methodology that has been tested in a wide range of legal, insurance, tax and financial circles. These adjustments are based on the equipment's overall condition, whether it has signs of abuse, if it appears to be fully functional, demand for the equipment in the market and other factors that may come into play in the process. The information is condensed into an appraisal report.

Your equipment is a large part of your facility's assets, and knowing its value is vital to ensuring that you'll be able to leverage those assets when you need them. Having the information from your valuation report available makes it easier to decide when equipment should be replaced, when it should be leveraged for collateral to grow your business or other important decisions for your asset recovery strategy. However, it's important to work with an independent, accredited equipment appraisal specialist in these situations, because as an independent third party, the appraiser will have no interest in working in favor of a supplier, manufacturer or other sales-based organization.

Tags: Medical Facility Equipment Valuation

How is a Golf Course Country Club Asset Appraisal Carried Out?

Posted by Equipment Appraisal Services on Mon, Dec 09, 2019 @ 08:00 AM

Golf Course Country Club FF&E Valuation

When you own or operate a golf course, country club or similar facility, keeping your customers and members happy is a vital part of the success of your business. But when it comes time to update your facility, take advantage of a local land sale for expansion or undertake new construction, do you really know what your business is worth? Older equipment may have been fully depreciated, but is still a vital part of regular operations. A large part of your overall assets can be tied up in a range of different types of equipment, and knowing what that machinery is worth gives you a strong advantage when you're considering a bank loan, need to deal with insurance to replace equipment lost in a fire or have to work through a court case. Here's a quick look at the types of equipment that are common to this type of facility and what's involved in golf course country club asset appraisal.


How is a Golf Course Country Club Asset Appraisal Carried Out?

Green and Facility Maintenance Equipment

Tractors, mowers, aerators, sprayers: your golf course or country club has a lot of capital tied up in your green maintenance equipment. Because much of this equipment is similar to that used in agriculture, it will have a similar value to that type of machinery. However, some of your machinery provides a much finer finish than simple farming equipment, and that needs to be taken into account. You also have floor cleaners, power tools and other equipment used to maintain your facility. Your equipment's age, usage and condition will all be considered when your equipment is appraised, as well as any kits or options that you've invested in to keep your greens looking their very best.

Training and Rental Equipment

Do you have golf carts available for rent? Computer-aided training systems that your pro shop uses to help members and customers up their game? These types of equipment that are used by customers to build value in your country club or golf course can get expensive, and knowing what they're really worth can help ensure the accuracy of your accounting books. This machinery will be evaluated based on its specific brand and model, the condition that it's in, market demand for that equipment and similar information.

Hospitality Equipment

What about catering and facility rentals for special events, such as weddings, reunions, conferences or similar events? If you have a commercial kitchen, multi-media equipment or other entertainment machinery, it's part of your overall bottom line and needs to be considered when you're having an equipment appraisal performed. The equipment will be evaluated in terms of manufacturer, model, condition, expected useable lifespan remaining, market demand for that machinery and similar details to help calculate its estimated value.

By having a general idea of what your equipment is worth through a golf course country club asset appraisal, you'll be in a much better position to work through a range of different situations, including appealing an inaccurate tax assessment, securing financing, working with insurance adjustors and fighting a court case. However, it's best to work with an accredited equipment appraiser who can provide you with an independent evaluation of your machinery's value. This way, you know that they're not putting their own interests first.

Tags: Golf Course Country Club FF&E Appraisal