Valuation of the property can be a game changer in a lot of cases regardless if you are looking to buy, sell, refinance or access equity for any reasons.
Valuation is a detailed inspection that usually take into account features like the number and size of rooms, market risks, the overall condition of the property and comparable sales.
Is there anything you can do to help improve the odds of getting the best valuation?
The more floor space, better the valuation. If you have renovated your property to increase the overall space, it could be better for the valuation outcome.
A well maintained property can make a difference as well. Prepare your home for valuation as you would for an open house. Tidy up the inside as well as the clutter and grass outside. Make sure that the property is not unkempt.
Valuers inspect the kitchens closely. They look at kitchen fittings, storage space, pantry vs walk in pantry, bench space, appliances and the overall kitchen space. If you are thinking of renovating your kitchen before selling, ensure you have thought it through properly. Sometimes going over the top may overkill the valuation outcome if it is not matching the rest of the house.
If you live in inner city busy urban areas, having a parking is extremely important.
If you are looking at buying an investment property or for yourself to live in, look for surrounding amenities. Valuers not only look at the house but also the surrounding amenities like schools, shopping centres, parks, public transport and more.
If you are renovating your house, don’t call for the valuation until its fully finished. As much as a wisely renovated house can better the valuation, a half finished renovation can adversely impact the valuation.
Some of these ideas can sound very obvious but they are critical to a better valuation outcome of the property.
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