Category Archives: Property Valuers

Melbourne Property Valuer

Tips & Tricks When Seeking a Property Valuation

Your home is your biggest asset, so when it comes to selling your property it’s important to know what to expect when before you place it on the market. While your home is likely to be a token of sentimentality, understanding the different ways in which you can increase your property’s value can make a huge difference when the time comes to sell the property. A property valuation is calculated on a number of things such as location, zoning, environmental factors and the buildings condition. While some of these factors can’t be changed, there are a few handy tips to help increase your property’s value in other ways:

Understand why you need your Property Valuation

This is crucial. The format, research, contents and wording are all contingent on the purpose of the valuation. Whether it’s for taxation, Family Law, mediation, compensation, or pre-purchase/pre-sale advice, you want to make sure that you’re getting the right document.

In most cases, a property valuation is required to be submitted to a government agency, the Federal Court Circuits, State Revenue Office or insurance companies. Each agency has their own parameters of eligibility for submission, if these aren’t met, then the report will be rejected. Therefore, if you’re not sure about what valuation report you need, be sure to have this conversation with your Valuer to ensure that you’re getting exactly what you need.

Presentation & Appeal

First impression’s count for potential buyers, so it’s important to show off your curb appeal as much as you can. This means maintaining a freshly mowed lawn and ensuring that all weeds, clutter and unnecessary items are cleared away from the garden. To add more to the space, you can always go to your local garden centre and pick up some colourful plants to place in the garden to make the best impression. With this being said, however, colour is one thing but you want to make sure that whatever plants you decide to invest in will work well in your climate and are easy to maintain. If your budget allows, repainting the exterior of the house can also make it look and feel brand new. These relatively small changes can make a difference.

When focusing on the interior, make sure the house is given a thorough clean and is kept looking fresh. This means painting the interior walls a nice, neutral colour to help attract light and space into the rooms. For a more finishing touch, placing air diffusers around the home will boost the aromatics and give the home a pleasant, yet subtle scent for anyone walking through the space.

Display your home

When a property valuer comes to inspect the property, it’s important to let your valuer any improvements made to the home that is not easily noticed. If the electrics, plumbing, any waterproofing or heating elements have recently been installed then it’s a good idea to bring this to your valuers’ attention.

When conducting a property inspection, although the Valuer will not take into account any contents of the property, they do incorporate any fixtures and fittings. So, if anything has been recently installed, added or built, be sure to let the Valuer know when he comes to inspect the property.

In saying this, in addition to any adjustments to the home, be sure to let your valuer know of any ongoing or pending developments in your local area that might impact its value. For example, proximity to public transport, recreational amenities and shopping districts can go towards optimising your property’s value. On the other hand, disclosing any developments that will cause obstructions of view or likely noise disturbances will steer towards a pessimistic value.

Research & Gather Information

A professional property valuation is compiled using data and research using a variety of sources. This means gathering information on council zoning restrictions, environmental factors, proximity to amenities and local comparable sales.

Any research that you do can further assist your valuer to help complete the report will help towards seeking the most accurate value of your home. So, if you have any information or documentation that you feel will help your valuer, then it’s best to let your valuer know.

Understanding the purpose of your valuation and what you can do to help your valuer throughout the process will save you time, energy, and money. At Melbourne Property Valuers, we can help you get the most out of your property’s value.

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What Matters in an Investment Property

Buying an investment property is a big decision that requires thorough research and planning. While there is a level of risk involved in all real estate investments, making well-informed decisions will reduce this risk and ensure you are able to make a profit. One of the most time consuming elements in the process of securing an investment property is determining which property you should buy. There are a number of factors involved in this choice, from the size of your budget to what type of property you would like to purchase. Although the individual circumstances may vary, there are some things which all investors consider before purchasing an investment property.

Location

Location plays a major role in the value of a property. This holds true for investments, and keeping this in mind while searching for a property will ensure you choose a profitable investment.

In regard to location, you must consider both the rental demand, and the long term projection for the property market. If you are planning to hold the rental property for a significant amount of years, rental demand may be your primary focus when deciding on a location. Alternatively, if you are hoping for a shorter term investment, taking advantage of areas where the property prices are expected to surge is the ideal strategy.

In terms of rental demand, it is important to choose a property in an area that attracts renter, as well as a specific location that will make your property in high demand. Things to consider for the specific placement of the property include the proximity to amenities such as transport, shops and schools. Other factors which may impact the ease in which you find tenants is the existence of appealing features, like a good view from the location, or if it is very central.

Property

Of course, the characteristics of the property itself also matter a great deal. First decide what property type you want to invest in, whether residential or commercial. Then pay close attention to the features of the property. If you are investing in an apartment, the overall building should be considered including any additional amenities it has.

Factors such as layout, size and overall condition are all important. If the property is in poor condition you may have to spend money out of pocket for repairs which can reduce your ongoing investment yield. Additionally, the layout of your property could impact the rental demand. For example if the property doesn’t receive enough natural light during the day, has an unappealing outlook from the windows, or doesn’t have an outdoor area it won’t be as easy to find tenants quickly. Don’t overlook this issue just for a slightly cheaper purchase price; being unable to find tenants could mean your property sits empty for months on end while you are responsible for mortgage payments.

Rental Income

While you may think you have found the perfect rental property within your budget, remember to consider the price you will be able to realistically charge for rent. If the potential rental income does not cover mortgage repayments, you will have to factor this extra cost into your investment plans.

This isn’t something you should leave to be a last thought. The level of rental income you are able to receive from an investment property should be considered alongside all other factors during the property search process. The more appealing the location and property itself, the higher the fair rent amount should be.

Price

The asking price of the investment property is naturally the first factor to be considered. Not only does it need to be within the pre-decided budget, it must also fit within the expected range of property sales in the local area. If it is selling for over what comparable properties have recently sold for, it is not a worthwhile investment. If a property is out of your budget, it is advisable to search for more options.

When considering the price of a property, keep in mind that the price named on the property listing may not accurately reflect the current market value of the property. In order to avoid paying more than a property is worth, it is vital to have a pre-purchase property valuation done. An independent, experienced valuer is able to give an accurate market value of your potential investment property by conducting a thorough inspection and comprehensive research into the current state of the market and comparable sales. This insight will ensure you are making a well-informed decision before placing a bid or signing a contract.

apartment valuation in Melbourne

Easy Tips for New Property Investors

Property investment is a great way to earn a little supplement income from your property. Seeking out real estate investment properties can be a tricky task for those who are new to the process. Yes, there are benefits to have someone else help pay your mortgage, but investing in property can take time and research to make sure you’re getting the right fit for you.

Property investment can go through its peaks and troughs, like anything else you choose to invest your money in. There is always a risk that it will cost you more time and energy than planned. Alternatively it can also make you reconsider if it’s worthwhile or not altogether. There are many factors that can influence the outcome of your investment property so it’s important to be prepared. In saying this, here are a few tips to help get you started on your property investment journey:

Property Investment requires foresight

If you invest in the property, you invest in the process. This means understanding your intentions of what you want to get out of the property and following through with your plans. This starts before you decide you decide to seek out and search for the property. Do you want an apartment or a free standing house? How many bedrooms? These are all things that you need to consider before you buy.

From there you need to have a clear idea of what you want to do with your investment property. Are you planning on renovating the place or are you happy to purchase a house that does not require renovations for an increased price? Are you planning on living in the property first before you rent it out or vice versa?

These are all questions that you need to have answered before you begin the process of looking for a house. Without having a clear vision of what you want to accomplish, this could throw you off your intended budget or overall timeline. Property investment is a long term decision, you’ll need to dedicate the time to fully understand what you want to get out of your investments, your returns and you’re overall purpose.

Prepare to forecast

This part is probably the most tedious part of the process. Forecasting adopts the approach of being able to work smarter not harder. This means researching the market stability against your budget and work out an achievable goal from there. It also requires calculating any risk or potential loss that may stem from your investment. As a landlord, you will be responsible for any maintenance and repair for the property, does your budget allow for these potential expenses?

Sitting down and working out your existing income is a great way to plan out what you can realistically afford. While property investment can earn you a decent profit, you will need to be prepared for some costs before you begin seeing returns on your investment.

To save yourself the hassle of being caught off guard by your finances too late, taking the time to work out what you can afford and calculate if this really is the best decision for you at the time will be greatly beneficial.

Be prepared for uncertainty

Understanding that the property market is a dynamic platform is the best way you can be prepared. The property market fluctuates depending on the stability of the economy, buyer/seller sentiment, the supply/demand ratio, government incentives and interest rates. These all contribute to median house prices and the overall stability of the property market. The research you complete in regard to the current state of the property market will give you a clear indication of what kind of return of investment you’re looking at.

Being prepared for uncertainty might mean realising it’s better to hold off from investing if you feel like it won’t benefit you financially. It might also mean, being financially prepared for uncertain times by being realistic about what you can afford. The last thing you want to do is leave yourself short and have to deal with a heavy financial loss.

Deciding to take the leap into property investment is a decision that requires patience, forethought, and planning. Taking the time to adequately research what you want to get out of the investment means you’ll be better able to reap the investment rewards.

With that being said, your timing can be crucial when deciding to purchase a property, so being prepared to take on the fluctuations of the market will save you time and stress in the future.

In the meantime, if you’re ready to take on the challenge, it’s important to seek out a team of expert Melbourne property valuers who understand the market. They will be your best choice to ensure you’re paying an accurate price for your next investment property.

Contact Melbourne Property Valuers Metro to seek out a quality valuation report when you decide to purchase your next property.

Melbourne house valuation

Property Research Mistakes to Avoid

Property research can be very time consuming, and often confusing. It is easy to get overwhelmed with the information out there. The real estate market is known for being unpredictable at times, and thus there is a constant shift in advice. You want to make sure you are doing the right research, and that it will pay off.

When conducting property research, whether for sale or purchase reasons, it is important to take the right approach to ensure you’re not wasting time on pointless research that won’t help you. Or even worse, taking to heart research which may damage your results in your property buying or selling endeavours.

To avoid wasting time or losing money, don’t fall for these common property research mistakes:

Relying on a single or unreliable source

While doing research many people will find one source and stick with it. This can be a detriment to your results, as you may miss many useful pieces of information you could get from other sources.

If you are getting all your advice from one source you run the risk of building a bias.

Depending on where you are getting information from, they may have an alternative agenda with their property or real estate advice. For example, the information a real estate agent provides will be different to that from a bank.

Relying on a single source is also not advisable as if the source turns out to be unreliable or unknowledgeable you will be acting on false information. Buying or selling a property is a big financial step, and it is vital you get your advice from knowledgeable, experienced sources.

It is best to get your information from a variety of different experts. Select companies or people with experience in the real estate industry, who are qualified to provide property advice.

An independent property valuer is one expert you shouldn’t make any property related decisions without. By having an accurate market value of a potential property to purchase, or of your own prior to selling, will be able to inform your choices by backing them with concrete evidence, rather than vague advice or research.

Not asking the right questions

Another pitfall for many while conducting their own research is not knowing what questions to be asking. No matter how thorough your research, if you aren’t asking the right questions you will be lacking essential information.

Here are some examples of what you should be asking during your research:

  • What are the recent sale prices in the area?
  • How long have properties nearby taken to sell?
  • What is the median price for the local suburb?
  • Are there upcoming developments that could impact the property?
  • What is the neighbourhood like? What are the neighbours like?

While some of these questions are specific for those looking to buy, so not all these will be relevant if you are selling your property, they can still give you a good idea of what you should be thinking about.

Property research shouldn’t be solely focused on the financial and legal processes, but also centred around the appeal and liveability of the property.

Letting emotions guide you

Any property purchase or sale is a major change. As such it can be an exciting and nerve wracking time. Be careful not to let your emotions drive your research.

You may fall in love with the idea of living in a certain style home or a particular area. If these are rarely available on the market or out of your price range you are setting yourself up for unproductive and frustrating research.

It can be tempting to search for your dream properties and spend hours working out the costs involved for luxurious listings you have found online.

While undergoing property research, make sure you are being realistic and planning based on the facts of your circumstances and the current market. This will ensure you get the most useful information out of your research, rather than disappointment or unattainable daydreams.

Over or under researching

While comprehensive research will provide you with valuable advice and information to guide your future property decisions, there is a point where thorough research becomes too much research.

There is an abundance of information regarding real estate and property purchasing or sales online. You are able to find expert advice, and general opinions for every detail of the process you wish to find out about. This can be great, but it can also easily become overwhelming.

Once you have found the information you need from a handful of reliable sources, note down what you need and don’t continue exploring further. You can easily find yourself going down a rabbit hole of conflicting opinions and unnecessary details. This could end up causing you additional stress rather than calming it!

It is also important to note that under researching will also be damaging. Strike the right balance of finding current, qualified advice relevant to your situation, without going overboard or doing too little.

When you are making property related decisions, it is vital to get expert advice to guide you. Our valuers have over 20 years of local experience each, and are able to provide you with accurate property valuations for a range of situations. Their knowledge is unparalleled and will assist you with your sale or purchase process. Contact us today for more information!

Commercial property valuer in Melbourne

Buying a home: Your Pre-Purchase Checklist

Purchasing a home is a huge investment for any buyer. Whether you’re a first time buyer, or a seasoned investor, it’s important to always remember a few crucial details when looking for your next buy. Before you’re ready to seek out a property valuation in order to make an offer, there are a few things that are needed to ensure that you’re making the right decision.

There’s more to buying a property than simply looking. The process of buying a home requires a lot of time and research to ensure that you’re making the right investment for yourself and your family. While there are multiple avenues you can turn to for advice, it’s important to not lose sight of what will work for you. With that being said, here’s any easy checklist to help you find the right property for you –

Does the local area suit your needs?

Determining the area you want to buy in will affect you whether you’re looking to rent the property out or living there long term. Either way the area you want to buy in will affect your commute to work, your potential rental income and overall demand. With this being said, it’s important to find an area that will suit your requirements.

This will differ for everybody, however, it might mean looking into the local schools, its proximity to public transport, local shopping districts and recreational facilities. Finding the right area for you requires some research and perhaps spending some time there to familiarise yourself with the surroundings.

If you already have your sights set on a property, be sure to check out the street it resides in and observe local noise levels in relation to neighbours or any kind of main roads. This will be useful if you live near a train station, under a flight path or a main highway.

Understand your finances

The property market is not the right place to compromise on budget, spending beyond your means can have a drastic impact on your long term payments. Being able to understand your finances means not just taking into account what you can afford now, but it also has to take into account future obstacles.

If you have multiple investments, then seeking out a financial advisor will be your best course of action to determine what you can and can’t afford. However, if this is not an option for you (especially if you’re a first time buyer), then taking the time to work out what you can realistically afford will be beneficial for you in the long run.

When it comes to discussing loan and mortgage options, setting up a regular meeting with your bank is a great way to discuss your finances in an open and honest setting. Being able to truly understand what you can afford will dictate the location, property type, property size and the deposit amount you’re aiming for. With this being said, it’s not a great idea to stretch your finances if you’re not confident you can pay for it in the long run.

Ask the right questions

This seems like a simple one to remember, but you’d be surprised what you can forget to do if you think you’ve found the right place for you. Asking questions about any defects the property has, issues in regard to the neighbourhood or the electrics or plumbing can save you a lot of hassle down the road.

Another common oversight is the reason the existing owners are deciding to sell. Are they upsizing or downsizing? Or is there another reason that may affect your perception of the property? It may seem irrelevant, but it’s always safer to ask and to know before you invest your savings into the property.

Understand any environment risks

Environmental hazards can affect the overall property value. Whether your chosen property resides in an area that is prone to flooding or bushfires, it’s important to have all the facts for safety and insurance purposes. Knowing what environmental risks your property is under will give you a good indication of its asking price and will give you the opportunity to reconsider if this is right property for you.

Finding this information should be made available publicly or via the showing the real estate agent, however it’s also disclosed in a valuation report should you decide to get the property valued by a professional.

Know when to turn to a professional

Especially for first time buyers, purchasing your first home is a stressful legal process and should not be taken lightly. Knowing when to turn to a professional for advice can be a worthy investment for anyone buying a home. This might mean investing in a lawyer to overlook documents and larger scale/complex purchases, a surveyor or an independent property valuer. Seeking out a professional valuation service means that you’ll receive an accurate report for the true worth of the property to help prepare you to make an offer.

The process of buying a home can be a long process so it’s important to make sure that you’re adequately prepared when you decide to put in an offer. While this checklist can offer you some insight in what to look out for, above all, it’s important to know what you want, what you can afford and what obstacles to be prepared for.

If you’re looking to purchase your first or next home, be sure to utilise our services as a full service valuation company. Seeking out the services of a residential property valuer who is local to your area will be able to take one less stress away when deciding to buy a property.

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Why Do You Need a Property Valuation?

Seeking out a property valuation is a crucial stage at some point for every homeowner. Whether you’re after pre-purchase/pre-sale advice or to help determine your upcoming stamp duty payment, a property valuation will be an inevitable part of being a homeowner.

A property valuation is a highly recommended process and is sometimes required depending on what the purpose of the valuation is. The most sought out reasons for seeking a property valuation can include:

  • Deceased estate/probate
  • Pre-purchase/pre-sale advice
  • Transfer of a sale
  • To assist in calculating stamp duty
  • Capital gains tax – either at current market value or a retrospective date.
  • Building insurance
  • SMSF

While a property valuation is not always required, it will give you an accurate understanding of its current market value. Rather than only knowing an ambiguous range, a property valuation is based upon a broad range of information gathered by an industry expert. Having a qualified and registered property valuer at your disposal means that your property value will not be influenced by any agenda or bias, ensuring the property value is based on data and thorough research. Furthermore, it means the value of your property will be based on its current and fair market value.

How can a property valuation help?

Sometimes, seeking out a property valuation will usually coincide with times of grief and stress. Whether you’re dealing with a difficult sale or transfer, a deceased estate, or are in need to divide assets between two or more parties, a property valuation ensures that an agenda free approach is adopted to guarantee a fair market value is determined. In some cases, the division of assets or the sale of a property may be prompted by the courts, or because of compulsory acquisition. In these cases, it’s important to have an impartial valuation to maintain fairness and transparency.

Seeking out a team if independent property valuers ensures that the report will not only provide a comprehensive document, but it will also be based on thorough research. Furthermore, your property valuer’s extensive experience in the industry and local knowledge will mean their report will go towards providing an objective and impartial decision.

The work that goes into a valuation report is based on the information sourced out by the Valuer from inspecting the property. With this being said, a professional valuation report is a legally binding document that will be eligible for submission via the court systems and government agencies. Understanding the value of your home will help you correctly plan for tax time of you have a property that forms part of your SMSF, your potential stamp duty payments and to make the correct offer on a house.

While it may not seem like a property valuation can benefit you in the long term, it can potentially save you thousands in tax liability or mortgage repayments. Furthermore, an independent valuation is legally required to ensure your SMSF is ATO compliant for tax time as well as being required to for building insurance purposes. This is especially important for larger complexes and strata schemes who require a valuation to set an insurance premium. By under-insuring this could have a drastic negative impact if the building were to be damaged by flood, fire or natural disaster.

How is an independent Valuer different from a real estate agent?

It’s easy to assume that a valuation will be the same quality anywhere, however, this is not the case. An independent valuation is prepared by a property valuer who is bound to work in accordance with the research they have sourced. In saying this, an independent valuer is also bound by the quality reassurance and ethical standards and procedures of the Australian Property Institute (API).

While valuation services can also be sourced from real estate agents and banks, there is a level of bias within these fields. A real estate agent will always have the interests of the seller and themselves to make the highest profit manageable. On the other hand, banks tend to be more conservative.

An independent property valuer is tasked with providing a legally binding document that is compiled and prepared to suit the individual purpose of the valuation. In this report will be a detailed summary of the property as well as a comprehensive market analysis detailing any other external variables that will affect the property’s value.

Every homeowner at one point or another will require a property valuation – whether it’s a part of the buy/sell process, a tax or insurance requirement, a tool to help calculate stamp duty or required as part of mediation or separation. No matter what the purpose of the valuation, it’s important to seek out an industry professional to determine the true worth of the property.

Understanding your property’s true value is a valuable piece of information and can save you time and money in the future. Furthermore, seeking out an independent property valuer will ensure you’re getting up to date and well-informed information regarding your property and an accurate scope of the local property market.

If you’re in need of a professional valuation service for your residential, commercial, or industrial property, contact Melbourne Property Valuers Metro. You will be able to discuss your requirements and speak to an expert about our range of property valuation services.

Melbourne Property Valuers

How Much Does a Property Valuation Cost?

If you are looking to get a property valuation, you may have noticed it’s hard to get a clear idea of what it will cost you. There are a few reasons for this, mainly that a valuation from an independent property valuation service will be tailored to your specific circumstances.

As the service provided can vary, so too can the costs. Because of this, it is hard to put a specific number on exactly how much a property valuation will set you back.

The cost of a property valuation can range from

Method of Valuation

There are a few different methods that can be used to determine the value of your property.

The most common type of valuation is an internal valuation, which involves a comprehensive inspection of the property.

The valuer will inspect the land, buildings and any additional features of your property. They use the information gathered during the inspection, as well as additional market research to determine the value of the property.

In some cases, an internal valuation cannot be carried out, or is not needed. This is when an external valuation will be conducted. In this method, the valuer will not inspect the property in person but rather rely on images, site plans, council documentation and other data to determine the value.

As an external valuation does not require travel or the time taken during an in person inspection, this method will typically be cheaper. However, if sufficient information isn’t provided or available in the databases used, the valuer will not be able to use this method.

Details of Property

Many aspects of your property itself can impact how much a valuation will cost. These include the location, size, and type of property you have.

Residential, commercial, and industrial properties all have different requirements in terms of research and time involved to calculate value.

The size of the building affects the cost of the valuation as well. This is because the larger the building, the longer an inspection will take, and the more information there is to consider in the final report.

Location can also play a role in the final cost of the valuation, as the more remote or inaccessible the property is, the higher fee the valuer will ask to compensate for travel expenses.

Purpose for Valuation

This is one of the major things which can change the fees set for a property valuation. The reason for requiring valuation will also determine what goes into the report. This can impact the length of the report, the specific requirements involved, and the difficulty of research.

Because of this, the price for valuation can also change based on your reason for needed a valuation. The more detail required in the report, the more you can expect to pay.

For example, if you require a property valuation for legal reasons such as for Family Law Court, the report will be significantly longer than the standard valuation report. It will also include additional information to ensure it meets the requirements to be used in court.

Our valuers can tailor the report to any circumstances, and ensure they fulfill the standards to be used for legal, taxation, or government purposes.

The Valuer

With property valuations you pay for what you get. If you find extremely low prices, they may be too good to be true.

Your property is an important asset, and to ensure you are making the right choices it is worth choosing expert valuers.

Make sure you find a valuation service that is independent, provides you with good service, and has qualified valuers.

Here at Melbourne Property Valuers, all our valuers have a minimum of 20 years’ experience and are trained and certified with the Australian Property Institute. The service we provide is accurate, honest and performed with integrity.

If you would like to find out exactly how much your property valuation will cost, reach out to our team to receive a free quote tailored to your specific needs. We endeavour to provide the highest quality service at competitive prices. Contact us today!

Property valuers in Melbourne

The future of property valuers and their services

The Property valuation is the process of estimating the right value of the property considering the market condition and other factors.

The task of the property valuer is the tough one. The work needs accuracy, precision and great knowledge. To become a successful property valuer one should be aware of market and economical condition, mental judgement, and lots and lots of exposure to for the experience.

There is a significant change in the role of the valuer can be seen. In past they were asked to find the value of the property. Now, it is changed to provide property valuation report after the detailed analysis of the property which exhibits the detailed market study, right value estimation and future prediction also. Which demands to broaden their knowledge and analytical skills.

The valuers should be aware to improve their skills and forward thinking to survive in this era.

Challenges faced by property valuers

At the initial stages the property valuer’s main concern and task is together more and more data. On the basis of the data they assess the property. But with the rapid growth in the field of the information and technology has made property valuer less concern about the data gathering. Now more data is easily available to the valuers. Previously it depends on how much data a valuer has? Is completely shifted to – what they do with the data they have?

The major threat to the valuer and their valuation practice is the use of online property valuation tools. Clients get influenced with the free online valuation tools and start using those tool. As they are easy and quick to get the estimated value of their property. But are they reliable one? No. No one tool can replace the human being. The valuer keeps eye on the every factor while evaluating the property’s value. They consider the factors first then with the analytical skills they evaluate the property’s value. Though the automated valuation process eats the business of the property valuers. But sooner or later people will understand the real important of having a property valuer.

The risks associated with property valuer professional can not be ignored. Whether it is about market analysis, new developments, and commercial property, investment funds, and insurance.

The role of the property valuer will shift to explore future property valuation rather than current valuation (i.e on the day of the sale).

It is predicted that the property valuation profession will be focussed on valuations for the present, present future and future future. The process to evaluate the current market value of the property i.e present, the present future indicates next 1-2 years and future future shows 5-10 years will require.

The future of the property valuation and valuers is save and secured. In coming years it is going to increase only. All the property valuer aspirants should keep the honesty in their soul and accuracy in work. Get in touch with the best property valuer soon to enjoy the services.

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Understanding the Value of Your Valuation

While every homeowner will need a property valuation, it’s likely that few will feel like they need one. With that being said, with so many options and avenues to seek out a property valuer, it’s common for most individuals to seek out the most cost effective option.

The truth of the matter is what often goes overlooked is the quality and level of professionalism of the report. While this might not mean much now, it can have serious ramifications for the determined value of your property, especially when you consider the purpose of the valuation.

Seeking out a property valuation can dictate what you pay in terms of stamp duty, capital gains tax, your super fund statements and can dictate your mortgage payments. If a property valuation is over or under-valued, you might be giving yourself more stress in the future.

There are many different options for valuation services, however, while real estate agents and banks offer these services, they will have their own interests to serve first. With that being said, a real estate agent will tend to optimise the value to drive up their sales, and banks will be more on the conservative side. Seeking out an independent valuation, on the other hand, will be researched based on data and primary sourced evidence to reach an accurate value either at a current market or retrospective date.

Understanding the value of your valuation will give you a unique insight into how seeking out an independent valuation service can help you:

Financial savings

There will always be competitors and lower cost options, however, seeking out the true value of your property requires thorough research by an expert in their field. Many situations call for a compulsory valuation, especially when it’s for super, tax, or litigation purposes. In cases like this, it’s paramount to seek out an independent valuer who will work with you to reach a fair and accurate price. If a valuation has been reached with the appropriate evidence to back it up, then all parties are more likely to agree with the outcome.

For homeowners seeking a property valuation for capital gains tax and stamp duty, the main aim of the valuation is to seek out a value that will ensure you’re not paying over its actual value. Additional taxes like CGT and stamp duty can catch you off guard so it’s important to make sure you’re doing everything in your power to minimise your tax liability. An independent property valuation can help you achieve this.

Reassurance

A property valuation can sometimes be a requirement in less than desirable circumstances. A deceased estate, a divorce settlement or separation can mean multiple parties with multiple expectations. As a result, this can easily turn into a stretched out procedure if any of the involved parties cannot come to an agreement. With this being said, finding a property valuer that all parties have the confidence can be hard to come by so it’s important to have an independent valuer determine the current market value of the property.

Within any industry, it’s important to find a professional that you can trust with the service that you need. Whether it’s pre-purchase or pre-sale, settlement, or taxation, having the reassurance of a property expert will give you the confidence that you’re in the best hands. An independent property valuer always strives for the accurate value of your property.

Expert Advice

Making decisions about your property can be life-changing. Whether it’s the decision to refinance, re-mortgage, sell, buy, or renovate, it’s important to set yourself up with an expert that can provide you with the advice you need to help with your property.

When you’re faced with decisions regarding your long term investment, an independent valuer can provide you with expert advice within their valuation report. Furthermore, be sure to seek out a valuer who is trained and registered with the Australian Property Institute (API) to ensure quality assurance with all standards and procedures.

Furthermore, be sure to seek out an valuer who can also perform as an expert witness in court to ensure that all correct processes were made to reach the determined value. It’s always best to have an expert on your side to give you the best possible advantage for your property related decision.

Understanding that the valuation you receive from an expert, independent property valuer is more valuable than you realise will give you an advantage for your next property related decision. An expert valuation report will provide you with the insight of your property’s value within the local market, but it can also save you time and money in the long run.

Furthermore, a quality and professional valuation report from an expert will give you the information to help you with your valuation requirements. Seeking an independent valuation means that you’re paying for expert advice, thorough research and an accurate value on your home. This report will be free from agenda and bias and will be compiled purely to serve your interests and meet the requirements as specified.

Having an independent valuation firm will give you the reassurance that your property’s value is in the best of hands. In turn, you will receive a bias free report based on objective evidence and expert knowledge with decades of experience.

Seek out our services at Melbourne Property Valuers Metro for a quality report and expert advice. A quality valuation report will provide you with an expert’s insight into the property, its location, and the local property market. In addition to this, your valuer will be able to work with you to ensure you’re receiving an accurate value for your home.