The Best Tips for Property Valuation
The property evaluation will depend on several factors, from the real estate agent you choose to the age of your property and even the housing market in your locality. Each property requires its assessment to measure the unique features that make up the value of your property. This value will determine how quickly and how much it sells, which one of the reasons why you should get it right. The HVG helps you get value for your money when selling and buying of property. Of course, you want to get the highest realistic valuation for your property. In that case, here are the best tips for property evaluation.
1. Point out all hidden features
Some of the most useful features of your property, such as under-floor heating, extensive insulation or even new
wiring may not be seen immediately. That’s why it’s always a good thing to be on hand when your valuer comes to evaluate it so that you can quickly point out those noteworthy extras, which increase its value. Additionally, if you know about all new plans in the locality, especially when your property is located, it’s important to let the valuer know about them if any.
2. Make sure the place is looking great
Just as you would prepare your property for ‘open-house’ inspection, you should also treat the property evaluation in the same way. Bear in mind that valuers are well trained to value the mortar, bricks, and even look through the mess, so a well-presented property will always value better. However, if the valuer is visiting in less than a week, you may not be able to do much, but there are some things you can do to maximize your property evaluation. De-cluttering the property and tidying the yard will have a little impact. It’s, therefore, important to fix those small repairs you have been planning to do for several months – for instance, fix the cupboard door, the towel rail and even straighten the blinds. Such fixes will make a big difference the valuers’ first impression.
3. Provide building plans
Provide your valuers with a copy of your building plans if you have any available. The valuer needs to know the outdoor areas, car accommodation areas and even living areas for their valuation. They will need to accurately measure up your property, but if building plans are available, it can improve accuracy and save time. Ensure the valuer takes every square meter of the property into proper consideration.
Concisely, it will be also critical to provide the valuer recent sales within your locality. Additionally, the listing prices of properties in your area can be irrelevant to the valuers. Rarely, a property sells for exactly what it’s listed at and so the listing price can’t be considered as evidence for property sales.