What is valuation object in SAP RE - Real Estate Management?

SAP Term: valuation object

• Component: RE

• Component Name: Real Estate Management

• Description: Basis for valuating Real Estate objects. The objects to be valuated are grouped under this object. The object is generally a business entity or one or more building.

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• Key Concepts: 
  Valuation object is a term used in SAP Real Estate Management (RE-FX) to refer to an object that is used to calculate the value of a real estate asset. It is a combination of the asset's characteristics, such as location, size, and condition, as well as the current market conditions. The valuation object is used to determine the value of the asset for accounting and financial purposes. 
  
  How to use it: 
  In SAP RE-FX, valuation objects are created and maintained in the Valuation Object Master Data (VOMD) application. The VOMD application allows users to enter information about the asset, such as its location, size, condition, and market conditions. This information is then used to calculate the value of the asset. 
  
  Tips & Tricks: 
  When creating a valuation object in SAP RE-FX, it is important to ensure that all relevant information about the asset is entered accurately. This will ensure that the value of the asset is calculated correctly. Additionally, it is important to keep the valuation object up-to-date with any changes in market conditions or other factors that may affect the value of the asset. 
  
  Related Information: 
  For more information on valuation objects in SAP RE-FX, please refer to SAP Help documentation or contact your local SAP support team. Additionally, there are several online resources available that provide detailed information on how to use valuation objects in SAP RE-FX.