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No one tells you what to check before buying a home

Becoming a homeowner gives you a sense of satisfaction, power and stability. It’s a dream for who don’t possess any home. It needs a huge amount of money and research before investing in a home. We usually ask our friends, colleagues and real estate agent before buying the home but often forget to take an expert advise i.e residential property valuer’s advice. Yes, you should hire a residential property valuer for advice as they know all ins and outs of the property market pretty well.

Apart from their advice, being a prudent buyer you should check the things before buying. Here is the list of the things you should check before buying a home.

Inspect the local area well – Visit the area at least three to four times at different time zones of a day. Look at the noise level of the neighbours, amenities nearby the property, know the crime rate, check the sufficient natural light coming to the property or not, Ask about the parking space for guest, any extension or renovation prohibited or not etc.

Manage your finance – Look buying a home is a big thing, you should hire a financial advisor to help you in managing the funds properly. Check your borrowing limits or how much loan amount you are getting from the bank? You can also check the deposit and other sources of finance if you have. Otherwise, a cause of lack of finance you may have to lose the deal.

The reason behind the property selling – Before buying any property know the reason why the owner is selling the property? Is there any story behind the property is on the market? Well, you can ask the owner directly but to know the real story you should ask the local residential property valuer they will narrate the whole picture in front of you. It is vital to know the backstory of home (if any it has). It might change your perception for the home or property.

Know your neighbours – You have to get socialised with your neighbours before moving to the area. Even before buying you should talk to them to get their information regarding the local area and thus you can check they are friendly or not. Look neighbours are going to put the great impact on your lifestyle choose them wisely.

Hire the professionals – While you are buying the home for the first time without any second thought you should contact the best solicitor, financer to handle legal and financial matter thus you can make buying home a nice experience. Ask your lawyer to check the legal documents before signing the agreement or ownership.

Check environmental risk – Know the impact of environmental hazards like flood, land collapse, fire zone in the area where you are looking to buy the new property. The area is prone to environmental hazards or not if they are then it is advisable not to buy the property there, cause fully covered insurance premiums of a home in those areas to cost you too much which is like bearing an unnecessary expense.

Follow these tips to before buying the home. Hire our residential property valuer for best residential property valuation services.

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Tips for homeowners: How to select the best tenants

It’s true. Every decision related to the real estate property is a tough as it going to affect you mentally and financially both. Buying to selling and renting you have to cautiously put your step ahead. Yes, renting too is a tough decision choosing right tenants for your investment property is very important otherwise you end up with a loss instead of profit. But the question arises how to find the perfect tenant for your property. Well, you can hire a home valuer who can guide you and suggest you the rental amount you should offer to the tenants. Even home valuer can suggest you how to increase the rental value of the home. Thus you can attract more potential tenants.

In this blog post, we are revealing the secrets how to find and scan the right tenant for your investment property –

Find them online – You can post the advertisement on the sites from where you can easily get the potential renters or tenants. Write a good description which can attract the renters with the current colourful pictures of the home or property to give detailed information about the property.

Present your property well to attract the potential tenants.

Financially potent – Choose the one who can pay your rent on time. The one who makes enough income to afford your rent. Ideally, the income of the tenant should be three times the rent. If the renter is not able to pay the rent on time then it does not only disturb your financial planning but also disturbs you mentally. Choose the one who pays the bill on time. Check their credit history. It is very important to check the financial status of tenants before giving your property on rent to them.

No criminal record – Allowing an offender to reside in your property may consider as an offend. You should check the tenant possesses any previous criminal record or not. Ideally, you should give your home to an offender as it might possible that person will put you into trouble.

Get the Pet details – Know tenant keeps a pet or not. If you don’t like the pet to live in your property then you shouldn’t allow the tenant who keeps the pet. Get these details about the pet. If you are living in the same house and giving the one floor on the renter you have to be very cautious about your likes and dislikes as it is going to affect your lifestyle.

Matches with your lifestyle – As you are living in the same building with the tenant then you have to be very sure about their lifestyle matches to your’s otherwise it may lead to problems and ultimately regret. So better to know about the number of family members, their lifestyle before giving your property on rent.

These are the tips one should follow to find the best tenants for the investment property. For best home valuation services you can contact us as we have a team of the home valuer.

Certified and registered valuations Melbourne is what we provide for many purposes

Points to remember while selling the real estate property

If you are in the market to sell your property then no matter you are selling the property for the first time or you are a real estate investor who frequently does this. It’s advisable to take help from the home valuer they are the one who knows well about the property pricing, trends, and condition. Here are some points you should keep in your mind and follow to sell your property fast.

Tips for real estate property sellers –

Hire a good home valuer and real estate agent – To find the potential buyer for your property you have to make some research to find the dedicated and expert real estate agent and home valuer who possesses good negotiation skills to bring the best price of the property. You cannot do all the task by yourself so it is better to hire a home valuer and real estate agent who evaluates the right value of your property and helps you to sell your property fast. Don’t try to save your pennies here. Remember this is the investment you make to get the right value of your property.

Correct pricing – Remember buyers are very smart nowadays. You can’t make them fool by pricing high. They are smart enough and know well about the property prices. Higher price than the actual value of the property may take away the potential buyers from you. And lower pricing wouldn’t let you earn the profits and may put a dent in your expected profit margins. Incorrect pricing may keep your property on the list for weeks which nobody wants to buy. Thus price your home rightly, it is vital for your property.

Don’t wait for an auction day – If you and your agent have worked hard to sell your property and got some great offers from the buyer’s side before the auction then doesn’t wait for the auction day you can sell your property prior also. Expecting to get more and more value of your property is not the right way. If you are getting the appropriate value of your property then rapacity is not right. Close the deal as soon as possible.

Marketise your property smartly – Hire a professional photographer and ask to click the best, clear and colorful pictures of your home. Post them online in order to reach your target audience. The online display on relevant sites can help you to sell your property easily and quickly.

Hire a good auctioneer – If you are putting your property on auction make sure to have a good and an expert auctioneer with great skills who can make the crowd work well. A good auctioneer is responsible for crowd’s involvement for bidding well for the property.

These are the tips for the vendors who want to sell their properties to get the right value of it. Contact us to get the best home valuation services we have a team of expert home valuers who are qualified and experienced.

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Know why it’s vital to know your property value?

Everyone wants to be the part of the real estate property cause of its enticing profits. But all should know that it’s not easy to earn money through making property transactions. You need deep market knowledge, a good understanding of buyers and great analytical skills to calculate your home value and to set your property price. In short, you have to be a property expert. If you are an investor or new to the property world you can’t do all. It is better to hire a property expert widely known as property valuer for best property valuation services who can find the right market value of the property.

Remember the valuation by the qualified, skilled and trained property valuer is considered as authentic and reliable one. It’s vital to know the value of your property. Here in this post, we have mentioned the reasons –

Renting or selling of the property – If you are in the market to sell your property the first thing the buyer would ask what is the selling price of the property thus you should know the actual market value of the property then only you can decide the selling or renting price of the property.

Buying the property – When you want to buy the property ask the property valuer which home you should buy and what will be the price of the home you want to buy. You can request the property valuer to join you while you’re going for a home inspection. Their valuable suggestions can help you to take a smart decision as your huge amount of money is involved in property decisions.

In the case of property transfer – When the property owner or homeowner wants to transfer the property to other then the home valuation is imperative. Property tax, property insurance, stamp duty all calculated on the basis of property value that is determined by property valuer via property valuation.

Valuation for tax purpose – There are several taxes which a property owner has to pay to the government. These tax are – wealth tax, vacant property tax, property tax, land tax. These tax amounts are estimated on the basis of the actual market value of the property or home.

In case of mortgage – The valuation is required when a buyer seeks loan against the home or property then the lender first know the home value with the cooperation of the property valuer and then decides the loan amount.

In case of acquisition – When the person declares itself a bankrupt then the bank or money lender arrange its auction for this property valuation become vital.

To solve any disputes – In order to solve the property disputes, family disputes or any matrimonial disputes then property valuation report become the reference for the government and they consider the property valuation report as authentic.
Property valuations are important for various reasons. Looking for the best property valuation services? You can contact us our expert property valuers are happy to assist you.

Residential home property valuation reports are our specialty

Know why property valuation is necessary

People usually don’t know about Melbourne property valuation services and the irony is they don’t even want to. Because they have a real estate agent who roughly estimates the property price and people make the property transaction on the basis of it which is completely wrong.

It is imperative to understand the difference between property value and property price. Property value is the estimated value of the property determined by the qualified property valuer by keeping the various factors into consideration. Whereas the property price is the amount which buyer is ready to give to buy the property. Property price depends upon the mutual understanding between the buyer and seller.

Determining the property value is necessary for various reasons like –

When putting a property on sales listing –

When you are planning to sell the property, first you must figure out the actual value of the property, for this property valuation is the must. Then only you can put your property on sales listing to get the right value of it.

When keeping a property on the rental basis –

Many of us buy real estate property for an investment purpose and just to generate monthly rental income. For this actual current market value of the property should be known to the owner. Property valuation helps you to know how much rental income you can generate from the particular property.

When you want to buy a property –

If you are planning to buy a property it’s good to take a suggestion from the property valuer. They know all the ins and outs of the property. Valuers can suggest when and how to buy a property. Hire a property valuer aids to buy the property at low rates.

Property valuer finds the right value of the property through which one can evaluate the property tax amount, insurance premiums, helps to use the current home equity to buy the new property and more.

How property valuation is done –

First, find the best a property valuation company in the city and then hire a property valuer. Valuer inspects the subject property to gather all information related to the property and collect the current local sales data to find the comparable. After this valuer makes some analytical calculations to find the right value of the property.

Eventually, property valuer prepares a property valuation report which is used as a reference by the government authorities and courts to solve the legal issues. As the report by qualified valuer holds all the information of the property owner and property like type, area, structure, design, comparables used, the analytical calculation to determine the property value and colored pictures of the property.

Property valuer helps to find the right value of the property, they are the experts thus they can guide property owners, buyers, and investors in the much better way. Hiring a property valuer is a kind of investment one should make to save thousands of dollar. This investment surely gives you the good return on investment.

Feel free to contact us to get the affordable, right property valuation services through the expert property valuer.

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Young Australians are more interested in rental homes, know the reason

According to property experts -”The young Australians are more interested in rental homes rather than buying a home.”

As per the report – In the last 15 years, the rate of private rentals raised from 23 percent to 28 percent and very less number of people are buying their own homes. The reason behind this is raised dwelling prices and uncertainty in the employment.

In the period of 2013-2016 in Melbourne, only 10 percent of the renters moved toward homeownership, which was 13.6 percent in the year 2001-2004.

The adults between 35-44 age group, only 9.8 percent of people are moving into homeownership 2013-16. Which was 15 percent in 2001-2004. Which is relatively high in a 55-64 age group that is 11.6 percent in 2013-16.

The major reason behind not buying the home and increase in a number of the renter is high dwelling prices, but according to the property valuer Melbourne, the reason of the increase in renters and decrease in homeowners is the affordability and the high-interest rates are not allowing them to pay for the home loan.

Some households aren’t interested in purchasing a house because the risk is associated with the rise in the interest rates. People think they will end up with much larger repayments as a share of their income that they won’t be able to afford.

Geographical location is the biggest concern in the minds of people. Buying a home where access to the market, city, public transport, schools, hospitals, offices are more expensive and most people like to live in these areas only. This increases the demand among the buyers and ultimately makes the prices of these areas high.

So the people have to choose from two – either find a location where houses are less expensive where they can afford to buy a home or else find a location for rental purpose where their interest lies. And most are choosing rent over homeownership.

It is also seen among some young Australians that are becoming ‘re-investors’. They are choosing to live in the location where they want to live in on the rental basis and buying property in the area where they can afford that is for investment purpose.

Though these kinds of renters are increased who owns some property elsewhere but currently living as a renter. This is something called ‘trade-off’, that people have the potential to buy a home but not the place where they are living.

Most young Australians choosing to stay at their parent’s home. Thus the increase in households in Australia where multiple generations are living together in the same house as a result of increase in cultural diversity has been noted in these homes.

Property valuer says – “There are many communities where a lot of people living in a traditionally, multi-generational environment (when living with parents and grandparents) is just a common thing.”

Are you looking for a House Valuations Melbourne experts for valuation services? Then contact us, we have team of expert valuers who can guide you well.

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Impact of the technology in the real estate property market

With the word ‘real estate property’ the picture of homes, buildings come to our mind. The place where we live, work and play comes under the property. Your home, apartments, flats, offices, shops, banks, clubhouses all are the real estate property. And we can’t ignore that fact that lives we are living are fundamentally altered by technology.

Definitely no corner, no field is untouched with the technology. Thus the use of technology in the field of real estate brings out a new word called ‘Proptech’, it is so popular nowadays. This actually means – The digital transformation in the real estate property market is proptech. It includes the transformation in technology brings in the real estate world. Moreover, it is the term used to define those startups which offer technologically advanced products or new business models for the real estate market to make it technologically potent.

The aim of the technology is to solve the problems of the people. Before adding a new technology in the real estate property one should think about the problems faced by the people in real life. It is important to understand the actual requirement of the people, what is the problem has faced by the people, try to find the solutions to those problems via technology.

We inhabit the property all the time. People spend millions and billions of dollars in real estate property. Bringing the technologically enabled business models to solve the people’s problem is important and worthy. Property valuers and property valuation companies should understand this and think how they can create a difference in the property world.

Technology is just rewriting the rules for everything, to solve the problems in every field. Like previously, we have to trouble a lot just to find a taxi but now with the blessing of the technology we can book a taxi online and it is available at your doorsteps in few minutes. That’s the power of technology in the taxi industry.

Same the real estate property valuers need to emerge themselves in this techno world and required to design the technology-enabled business models which can resolve the people’s problem, like finding a new home, rented property or investment property is the biggest problem, or the problems of which people are not even aware of. It is all creating a new way that is completely different from the traditional ways.

Real estate property industry uses the conventional way of doing their business. It is the Proptech which indicates the need to evolve and adapt technology. Technology should be used in real estate property to create or renovate services offered in real estate to buy, sell, rent, develop, analyze, market and manage a property in a more effective and efficient way.

For the best property valuation services, you can contact our expert property valuers who are always ready and happy to help you.

We offer residential and commercial land valuations in Melbourne and beyond

Massive advantages of having an independent property valuation services

Property valuation services become vital when you are buying, selling or putting the property on a rental basis. It is advised to get an Independent property valuations services in the regular interval of time to know the exact value of the property and to make your financial strategy in a better way.

Property valuation helps the property owner, house hunters, property investors to know the current market value of the property in the open market. On property valuation, the property valuer provides the property valuation report which holds the written information of the property, analysis report and the value of the property calculated along with the current pictures of the property. It not only exhibits the market value of the property but also help you to know the rental rate, improvements required and market risk score.

Property valuation figures help the borrower in applying for home loan, helps the owner to pay the house tax amount, property insurance amount, in selling the property or to keep the property on rent, property valuation figure works as a guide for the property owner.

The advantage of having your independent property valuer –

The real estate agents can also give the value of the property, but one should not rely completely on them as they are not the qualified professionals and moreover they work in the favor of the vendor.

Whereas the property valuer is the qualified professional who knows the ins and outs of the market, studied the property valuation courses well and overall they work unbiased. You can trust in the valuation figures estimated by the property valuer. Thus you can make a more clear deal with the vendor or buyer. Either you are buying or selling the property you can hire the property valuers who can help you to crack the better deal. This gives you a “peace of mind”, while making real estate property deal it requires a huge amount of money. Everyone wants to make the profit. So to play the safe game hire property valuer and ask for the suggestion then make your move otherwise single wrong move will take you to the ditch and dent in your pocket.

The independent valuation gives the investor a liberty to negotiate the purchase price and get to know the home loan options.

Before hiring a property valuer, make sure valuer possess these qualities –

  • Property valuer is a qualified and experience professional.
  • Valuer should be unbiased and honest in nature.
  • Valuer should understand the current market well.
  • Property valuer should offer their services at an affordable cost.
  • Valuer should compliant to rules and regulations.
  • Valuer should give you a property valuation report.

Looking for the best Melbourne Property Valuer to determine the right value of your property. Hire Melbourne property valuers who are the experts in finding the actual market value of the property. Contact us for best property valuation services our experienced professionals are happy to assist you.

Our valuers provide certified property valuation reports in Melbourne

What does property valuation requires?

Property valuation, the vital process in making real estate property decision. It helps to know the right value of the property. The property valuers assess the accurate market value of the real estate properties like land, residential buildings, commercial building etc. by keeping the various factors into consideration like land, location, area, structure of building, improvements required and many other factors.

Basically property valuation involves the property owner and property valuer. The valuer visits the complete property, inspects the inside and outside of the building minutely. Then ask some questions to the owner related to the property.

Like –

  • Name of the owner.
  • Reason of valuation.
  • Constructed year or age of the building.
  • Quality of material used.
  • Renovation done in previous years.

After inspecting the property and collecting all the required information house valuer do some calculations and then gives you a definite value of the property. Which is considered as authentic and legal. Even to resolve the property dispute cases, government too ask for property valuation from the registered property valuer.

What is the major difference between property valuers and real estate agents?

Property valuers are the qualified and registered valuers who evaluates the accurate property value and provides certified valuations by their precise observational and calculative skills, market knowledge with study of previous sales history.

Whereas, real estate agents are the not qualified valuers they are not capable enough to provide the right valuation figures. They just do it on request.Their experience and local market sale knowledge allow them to give the approximately value of any property.

Reason for valuations – Your reason for valuation may be different like –

  • Purchase and sell of the property
  • Rental purpose valuation
  • Insurance premiums
  • To settle family property dispute
  • To settle marriage dispute
  • To know the current market value of the property.

Any from this can be your reason to find the value. But make sure to hire a registered residential property valuer. As they have no interest in your property, they are honest and unbiased. They work accurately to find the right market value. They also suggest the amendments should be made to increase the value of the property. They charge for their services they offer.

Do you know what is the valuation cost?

Valuation cost is the fees of the professional property and house valuer who charges according to the size of the property, constructed area, type of building, reason of valuation and more. There is no fix card fees for property valuation services, Because every property is unique in its own and same with their requirement of valuation. So it is quite difficult for valuers to set the price of their services.

How online valuation tools can help in this?

Online valuation tools are easily available free of cost in the online world. But majorly people don’t trust the valuation figures came out of the online tools.

The online tool is the technology that cannot replace the importance of having the property valuer, who is well educated, knowledgeable person and inspects the property personally that helps to find the accurate value of the property in more righteous way.

To hire the best, affordable and honest property valuer for your property valuation services. Feel free to contact us.

We are known as Melbourne Property Valuers and are experts in our field

Property valuation: How much does it costs ?

Are you looking for the property valuer? Or want to know the cost incurred in determining the value of a property. Then this post will help to solve your query.

Finding a property’s value is important from various reasons like – for insurance purposes, property tax, financial planning, selling or buying of the property. Definitely this will not matter to those who are living in a home or using the property and having no future plans to get move out of it.

Then why would they care about the property value. Obviously they will not. But surely it matters to those who want to put their property on rent, mortgage or sell.
Thus property value matters to many especially who are associated with real estate business.

Know why property value changes –

Property valuation is not a constant value. It varies from time to time depending upon the market conditions and economic value. It is important to do research before finalising the property valuation company for you.

How is valuation cost decided?

The property valuation cost also depends upon how much detail in property valuation report is required. When asked for more detailed report, cost will increase. It all depends upon the property valuation company you hire to estimate the fair market value of your property. There are companies who costs reasonably, when asked for property valuation like property valuation Melbourne.

Is there any exact process of property valuation?

Companies have their own method of property valuation. Every company has its own process to evaluate property value. Some use the property data that is available in the online world. While other inspect the property before the realising the accurate property value.

Property valuation can be done for –

  • Residential buildings – houses, penthouses, multi storeys,
  • Commercial buildings – Shops, Outlets, Stores
  • Rental buildings – Flats, houses
  • Public buildings –
  • Government buildings –
  • Educational buildings – Schools, colleges, playschools and more.

There are various categories of the buildings with various requirements and specialities thus valuation cost also gets differ. It also includes –

  • Type of property
  • Floor space
  • Locality

Why property valuation is required –

    • When you are buying (pre-purchase valuation) a new home.
    • When you are selling (pre-sale valuation) your home.
    • In case of property settlement valuations.
    • To know the current fair market value of your house.
    • To mortgage a property.
    • For taxation purpose.
    • For compulsory acquisition.
    • For transfer of property.

Hire an affordable property valuer for property valuation Melbourne to get fast, accurate and reliable and timely services. Companies offer their property valuation services at low cost to make more clients. They conduct market research timely to ensure their fees structure as per the market condition.

We offer an affordable option for certified property valuation reports but remember not to choose a property valuer that offers a price too good to be true. You are paying for their time and expertise, if they are cheap, expect a poor quality report.

Get the good ROI by hiring the right Property valuer Melbourne to know the right market value of your real estate property.