Are you tired of being in the dark when it comes to your property, and not only because of Eskom? Then you need to discover how a property valuation report can shed light on your assets. Whether you own a home or a business it is always important to know exactly what everything is worth.
Currently, there are many aspects that you may not be in control of. This should not, however, include your property. You need to know that you have everything on point. Whether you are interested in buying a new property, selling your current one or simply want to know what you have on your hands then a property valuation report is the answer. Property valuation report’s will look into every single aspect of the current property you are looking at or already own. No stone will be left unturned and you will be provided with a comprehensive valuation on what everything, including your assets, are worth.
What you may not realise, is that there are certain aspects that can either increase or decrease the value of the property. This may or may not be a good thing depending on whether you are in the selling or purchasing market. First, it is important to look at the areas that can decrease the property value. The number one issue is normally the location. Locations can significantly affect the property value. If you are in a popular area, it will be worth more, a “dodgy” area, less and an up and coming area, in between. External factors that will affect the price, will be whether it is close to a park, school, industrial buildings, townships etc. All of these will be taken into consideration to establish the final price.
Another important factor, is the state of the property itself. Just because it looks good on the outside does not mean it looks good on the inside. It is the job of the valuer, to uncover damp, mould and any other negative factors about the property. A bad paint job can also effect the final outcome. In most cases, when it comes to paint, it is best to keep it neutral. Outlandish colours can make a property difficult to sell, and will cost you money to “fix” it before potential buyers come to have a look.
Finally, the valuer will look at all of the assets that come along with the property. This is normally only done for commercial valuations. Your machinery, square footage etc. will be taken into consideration. Knowing the final figure on these items is important because it can assist you in insuring your property for the right amount, if you have just purchased.
What is the next step?
Once you have decided to have a property valuation report conducted you will need to know what the next step is; getting in contact with us. Here at The Property Partnership we can provide you with more information on property valuations and how they work. Visit our website today!