Property valuation how does it work

They will be able to advise you on what to do and what not to do when getting your property ready for the market. The length of time a valuation takes will differ from property to property. It will, of course, take longer to value a three bedroom detached house than a one bedroom flat.

If there are any unique features to your home, these may take a little longer to evaluate. An agent will arrange a date and time to come and view your property. They will walk around it, with you if you prefer, and make notes on the rooms. They will take measurements and ask you some questions.

These may include:. They may also ask about neighbours and local amenities, but their expert local knowledge will have already helped them to know information like this about your area. At haart we also like to get to know you and why you are looking to move which helps us to understand how we can best help.

Your estate agent will be in touch with a value if you haven't been given this during the valuation. We aim to provide a valuation of your property at the valuation with our agent which will be confirmed after the appointment.

With over branches nationwide we can help you buy or sell. Get in touch with us today. We use cookies to ensure that we give you the best experience on our website.

Click here for more information or to manage your preferences. GOT IT. What is my house worth? Even a small garden can look inviting and beautiful with simple additions like garden furniture or pots and planters. If you are willing and able to make extensions and build on to the property, then additions such as a conservatory for more living space, or extending your kitchen with a side-return, can add a significant amount of value to the property. A new bathroom, or en suite, will certainly add more value to the property, although this can be a particularly expensive endeavour if not planned properly.

Some existing facilities can be converted quite easily, to add value without breaking the bank on builders and materials.

Buying and selling property can entail a lot of admin and stress; we are here to eliminate that for you. Strawberry Star Group offers a fresh, one-stop approach to real estate and property management focused on simplicity, quality and performance.

With a proven track-record of ensuring market-leading returns to our investors, we understand that our clients want to work with experienced industry professionals that they can trust and rely on. Our end-to-end service means that we cater to all your real estate needs, making the journey from valuation, to sale, to purchase, as stress-free as possible. As trusted advisors to our investors and clients, we take pride in our ability to identify great opportunities for our customers and guide them through the entire process.

Contact our offices or visit our sales page to get started on your journey into the real estate market, or request a free valuation online if you would like to find out the market value of your home. Back to Blog. What happens during the valuation process? What to prepare before a valuation? How can I increase the value of my property? Let somebody else do the work Buying and selling property can entail a lot of admin and stress; we are here to eliminate that for you.

We hope that this has given you a better understanding of the valuation process. Please contact us if you would like to find out more about our services.

Liability limited by a scheme approved under Professional Standards Legislation. When do you need a property valuation? There are several reasons for obtaining a property valuation, here are the most common reasons: Applying for a Mortgage When purchasing a property or refinancing, your bank may require a valuation of your property to ensure the security value of the property adequately covers the loan.

Pre-Sale Advice When you are contemplating selling your property so you can set an informed asking price for the property. It varies in price, depending on the property type and report format requested. The valuer may take all of these in to consider when preparing the report. The detailed report may include:. He or she is an industry professional with tertiary qualifications in the field and accredited with the Australian Property Institute API.

Some CPVs work in large corporations and property companies, while others run small advisory firms. A CPV often specialises in a certain area—commercial, residential, rural property, etc. The valuer must undergo a training and probationary period in the industry before being accredited by API.

It could give you an idea as to how much you may get for the property you plan to sell. It may also give you an idea of how much a lender could let you borrow.