Commercial valuations empower informed decisions!2023-05-22
Leading the way in Municipal valuations2023-06-22
Written by: Mandisa Ndlovu
Understanding the valuation process is critical when it comes to deciding whether to buy or sell a property. A licensed Valuer conducts the valuation, looking at factors such as the property’s location, condition, and other criteria to arrive at an accurate value.
Valuers often visit the property and take pictures of the interior and exterior. They’ll include anything that may positively or negatively affect the property such as a swimming pool, outdated features, or needed repairs. This information will then be included in a detailed report compiled by the Valuer. Here are some tips to help you prepare for a valuation:
1. Clean and declutter.
- Remove any clutter, arrange your rooms, and make sure everything is clean and well-kept. A well-kept property creates a favourable impression and may increase the perceived worth.
2. Allow the Valuer access to every area.
- Ensure the Valuer has full access to your property and any other constructions. The Valuer must study the property extensively; convenient access allows for a more accurate estimate.
3. Complete any necessary repairs or maintenance.
- Paying attention to minor details such as fixing leaking taps demonstrates that you have properly maintained the property.
4. Document upgrades and improvements.
- Make a list of recent property renovations. Providing this information to the Valuer and supporting documentation such as invoices or permits helps highlight the property’s value-added qualities.
5. Provide necessary documentation.
- Gather vital property documents such as title deeds, floor plans, and permits for additions or repairs. These documents will assist the Valuer in understanding the property’s legal elements.
By following these tips, you can help ensure the residential valuation process runs smoothly, and that the Valuer has all the necessary information needed to produce an accurate valuation of your property.