Residential Property Valuations
A residential property valuation in Sydney is a crucial service for anyone who owns, would like to own, or plans to sell a property. At Valuations NSW, our highly qualified experts have decades of experience preparing residential valuations for all sorts of properties.
A residential valuation is a tried and tested method of determining the market value of a property. The report will cover the details of how much the property is worth in today’s market based on several internal and external factors.
Who prepares house valuations?
Only Certified Practising Valuers (CPVs) who are registered with the Australian Property Institute (API) has the authority and qualifications to prepare independent residential valuation reports. A residential, or house valuer, is an experienced and educated professional who understands the ins and outs of what makes a home valuable. As localised experts, they know exactly which variables impact the market value.
What are the different types of residential properties?
An independent valuation for a place of residence can be performed on many different property types. A few of the main residential property types include:
- Houses
- Apartments or units
- Flats
- Villas
- Townhouses
- Granny flats
- Terrace homes
Whether you need a house valuation or a valuation for your flat, the most trusted way forward is to reach out to an expert residential valuer.
What are the benefits of a residential property valuation?
There are plenty of reasons to get an independent valuation report. In all sorts of circumstances, residential valuation reports can be hugely beneficial for property owners, sellers, and buyers. A few of the main reasons people request residential valuations are:
Pre-purchase/pre-sale guidance
A valuation that outlines the existing market value of a property can help individuals decide whether it’s the right time to buy or sell.
Insurance
A valuation is key to ensuring you purchase an insurance package that provides you with enough coverage in the case of loss or damage.
Settlement or legal dispute
If in the midst of a settlement or legal dispute regarding a property, a valuation report can help lead to a swifter process. With a report, parties do not need to waste time debating the market value of the property.
What factors do house valuers consider?
For precise figures, valuers consider several different internal and external factors when preparing house valuation reports. A few of the main variables that form part of the process include:
- Location of the property
- Proximity to school zones, hospitals, public transport, restaurants, and entertainment
- Age and condition of the building
- Street appeal
- Number of rooms on the property
- Size and space (floor and storage space are most important in this regard)
- Existing market conditions.
By going through every relevant consideration, house valuers can prepare accurate and detailed residential valuation reports.
Why choose us?
At Valuations NSW, we have decades of experience as industry leaders and pride ourselves on upholding an exceptional standard of service across every report. We only hire the best; each of our team members has undergone extensive valuation training and education.
With experienced residential valuers and a dedication to stellar service, you can rest easy knowing you’re working with the best.
For more information on our residential valuation services, don’t hesitate to reach out. We are happy to answer all of your queries and can offer a free quote to those in need. Give us a call today.