Are you thinking of selling your property or insuring it? You need a property valuation done the right way. The reason for this is that a valuation is the key to knowing what the property is worth. So whether you are looking to sell your house or looking to buy or insure one, you need to make sure that you know the value of it. The reason that it is important to know the value of it when it comes to you wanting to buy another property, is the fact that the banks will give you a loan of about eighty percent of the value of the property increase, to put down as a deposit on your new home. So for instance, if the value of your home as increased by about $50000, then you will get $40000 to put down as the deposit. So you need to know what the value of your old property is, so that you can buy the new one. You also need to know what the value of the new one is, to make sure that you are not being scammed or overcharged.

You also need to know the value of your home to make sure that you can insure it as well. No insurance company will grant you any amount of coverage if you cannot provide a certificate of valuation, stating clearly how much your home is worth. This is bad financial practice, meaning that you will not get the cover that you need without the right documentation.

Bear in mind that every valuation consultant needs to be registered with a financial board and that at the end of the process you need to obtain a certificate of value. Without this document, the process will be null and void.

So if you are getting your property valued the right way, you should make sure that you do a few things to make sure that the process goes over smoothly.

  • Presentation: Make sure that your home look presentable and clean, this can often contribute to making sure that your home fetches a higher value. Keep it as if it were ready for a home inspection.
  • Recent sales evidence:  If you know of any prices that other properties that were sold recently in your neighbourhood, you should make sure that you give the valuer those numbers, as they can be a good yardstick to compare to. Your home can either fetch more or less than those properties.
  • Rates notices: When it comes to the rates that you pay, you should let your valuer see the statements, as this is crucial to what the house will fetch, the more expensive your area is to live in, the more money that you can get for your home.
  • Make your improvements ahead of time: If you are looking to renovate your home, you should make sure that everything is finished by the time that valuer comes by. Nothing looks worse than having your house still drying or looking like it was patched up.
  • Do not overcompensate: As much as everyone wants to make sure that they do the ultimate renovations, you should not spend all your money on that, when you can invest it in another home. Do what you can, but do not make the place so nice that it makes no sense to move out.
  • Hire the right valuation consultant:  Make sure that the valuation expert that you have hired is certified, because if not, you will lose a lot of time and money. It makes more sense for you to hire the right person.

If you are in the position to make sure that you have all of those ducks in a row, your valuation will go off very smoothly. You do however need the right company to do it for you. Here at The Property Partnership, we have got all that you need when it comes to qualified valuation consultants. So the next time that you are looking for a good valuation, come to us.