The verdict in three sentences
For a 12-valuer firm in Lyon producing 1,400 valuations a year for banks and property companies, the bottleneck is not the inspection but report writing, which takes 5 to 8 hours per report. Custom business software combining a comparables database (public sales data and in-house transactions), report templates aligned with professional standards and job tracking can bring that down to about 4 hours. Kolonell prices it from 3,810 to 22,870+ EUR excluding VAT (2,500,000 to 15,000,000+ FCFA) depending on complexity, with the rest quoted separately, over 3 to 5 months.
Where a valuer's hours go
A valuation report for a lender follows a demanding structure: property description, legal and planning status, local market analysis, choice and justification of methods (comparison, income capitalisation, replacement cost), then a conclusion of value. Whether the firm works to the French valuation charter, the RICS Red Book or European valuation standards, fees range from 1,500 EUR for an apartment to 15,000 EUR for a complex office asset, and every hour of formatting is an hour not billed.
| Report stage | Current time | Target with software | Lever |
|---|---|---|---|
| Finding comparables | 1h30 to 2h | 20 minutes | Query public sales data and in-house database by radius, size and date |
| Description and photos | 1h to 1h30 | 40 minutes | Tablet entry during the inspection |
| Planning and risk data | 45 minutes | 15 minutes | Zoning and risk sheets linked to the address |
| Valuation calculations | 45 minutes to 1h | 30 minutes | Built-in, traceable worksheets |
| Writing and formatting | 1h30 to 2h30 | 1h | Templates by property type and client |
| Review and quality control | 30 to 45 minutes | 30 minutes | Standards-based checklist |
| Total | 5 to 8h | about 4h |
The comparables database, the heart of value
France's DVF open sales data (the equivalent of the UK's Price Paid Data) is public but raw: a sale record says nothing about condition, floor level or works. The firm's real asset is its own transactions and past valuations, often scattered across thousands of Word and Excel files. The software brings them into a single geolocated database that every valuer queries in seconds.
| Comparables source | Content | Reliability for a report | Cost |
|---|---|---|---|
| Public sales data (DVF) | Price, area, date, address of sales | Good volume, little qualitative detail | Free |
| Firm's in-house transactions | Price, condition, specification, rents | Very good, already analysed | Archive migration quoted separately |
| Commercial databases | Enriched references, office rents | Good | Subscription of 1,500 to 6,000 EUR a year, 2026 estimate |
| Property listings | Asking prices | Weak, asking not achieved | Variable |
| Agent and notary network | Recent unpublished deals | Good but sporadic | Relationship-based |
The software also logs which comparables supported which report. If a bank audits a file or a value is challenged, the valuer retrieves the full justification in one click.
Budget and options
| Option | 2026 indicative cost | For which firm |
|---|---|---|
| Off-the-shelf valuation software | 100 to 300 EUR per valuer per month | Firms of 1 to 5 valuers, standard reports |
| Kolonell, simple application | 3,810 to 6,100 EUR (2,500,000 to 4,000,000 FCFA) | Comparables database and report templates |
| Kolonell, medium application | 6,100 to 10,670 EUR (4,000,000 to 7,000,000 FCFA) | Plus job tracking and tablet inspections |
| Kolonell, complex application | 10,670 to 22,870+ EUR (7,000,000 to 15,000,000+ FCFA) | Plus a lender portal and archive migration |
| Kolonell maintenance | 53, 114 or 183 EUR per month | By support level |
For 12 valuers, off-the-shelf software at 200 EUR a month costs 28,800 EUR a year. Custom software pays off when the firm has its own templates per lender, a rich in-house database to exploit and a need for a portal where banks submit instructions and download reports.
Mini case study
Ms Perrin, managing director of a 12-valuer firm in Lyon, measures 6h30 per report on average. With the software, her valuers drop to 4 hours, saving 2h30 per report. Across 1,400 reports, that frees 3,500 hours a year. At a fully loaded valuer cost estimated at 75 EUR an hour, that is worth 262,500 EUR a year.
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She reinvests half of that time in production: 1,750 hours, or about 400 extra reports at 4 hours each. At an average fee of 2,800 EUR, that is 1,120,000 EUR of potential revenue, provided the order book keeps up. A complex application estimated at 20,000 EUR pays for itself within the first weeks.
FAQ
Does the software produce standards-compliant reports?
Templates follow the structure required by the applicable valuation standards and by client banks, with a pre-send checklist. Final compliance remains the signing valuer's responsibility, as it is today.
Can 10 years of Word and Excel archives be migrated?
Yes, a semi-automated migration extracts addresses, areas, prices and dates, then a valuer validates doubtful records. The volume, often 10,000 to 15,000 reports, is quoted separately.
Is public sales data updated automatically?
Yes, the software imports the twice-yearly releases and geolocates them. Sales from the last 6 months still need in-house sources and the network.
How long until the firm is operational?
Plan 3 to 5 months from scoping to go-live. The comparables database and report templates can ship first, after 8 to 10 weeks.
What does the software cost after delivery?
Kolonell maintenance costs 53, 114 or 183 EUR per month depending on the level, with hosting quoted separately. A 12-valuer firm usually picks Standard.
Let's scope your project. We define your comparables database, report templates and archive migration for a go-live in 3 to 5 months. Detailed quote within 48 h. WhatsApp +221 77 596 93 33.
Mohamed Bah
Fondateur, Kolonell
Passionate about digital and entrepreneurship in Africa, Mohamed has been helping Sénégalese businesses with their digital transformation since 2020. Founder of Kolonell, he believes every SME deserves a professional and accessible online présence.
