Normally a report, a property valuation includes property information – rates, size of the land and building, physical details on the construction and condition of the dwelling, details on any immediate issues that may need addressing – as well as information on comparative sales in the area.
Why do I need a property valuation?
Getting a property valued is an essential part of the home loan application process. If you are obtaining a mortgage or refinancing, a bank will require a valuation to ensure the property’s value covers the loan amount. You may also need or want a valuation if you are selling a house, before you buy a property, or if you need to know the value of your house in relation to other financial matters.
How do valuers calculate the value of a property?
A valuer will generally begin by visiting your property where they will measure it, note details of the structure and condition, observe the rooms and their presentation, and any key features. Then, they will look into planning restrictions and council zoning and its relative location. The valuer then compares all this information before arriving at the end value.
How much does it cost to get my property valued?
The cost of a valuation varies from property to property and is dependant on a number of factors, Contact us for a no obligation free quotation today.
How long is a valuation valid for?
A valuation is valid for a period of three months.
How long until I receive my valuation?
The majority of valuations at Nicisa Valuers are completed within 48 hours. Under certain circumstances these times can be shortened or occasionally lengthened.
How can I increase my house value?
If you are looking to sell your house in the future and want to know what might help when the property is valued, here are some helpful pointers.
1. Renovation: Although you can’t change your location, you can change your house itself. Consider whether an added bathroom, bedroom or entertaining area may add value to your home.
2. Presentation: Tidy the garden, patch up cracks in the wall, touch up the paint.
How can you make your house feel fresh?
3. Mini-makeover: A mid-range update of your kitchen or bathroom can pay big dividends. An updated benchtop, sink, bathroom cabinet can work wonders.
4. Carport/Garage: Are you able to provide a covered area for vehicles? Could you add one?
5. A Touch of Colour: A trip to the nursery for affordably priced and colourful shrubs can provide a wonderful sense of colour to a home.
Meet with our Certified Practising Valuer.
They will support you through the entire valuation process.