We never want to be in the predicament of considering selling our home but unfortunately, due to financial constraints as well as down-sizing your family, it is a consideration. The worst thing that you can do as a home owner is sell your property based on a verbal valuation as these are not binding and in all honesty, could land up with you making no profit out of your sale. Knowing what a property valuation report is and how it can help you, will shed some perspective on your situation.

A property valuation report will give you an accurate estimate on what the value of your house is. It will also be able to provide you with a comprehensive overview of the property market in your area. This information is extremely important to have if you are in the process of trying to sell your home. There are many reasons why you might be considering selling your home, whether it be too big for you now or too small, getting the right price for it will greatly help your circumstances.

There are many different aspects that will be taken into consideration by the valuators when conducting the property valuation report. If you want to get the best possible value for your home then you need to take the following into consideration:

  • Location: unfortunately the area in which you stay will be taken into account during the valuation process. Even if you consider yourself to be in a good area, there are certain aspects that might affect the overall value. There is very little that you can do to change this. When purchasing a new home, try purchase in an up and coming area. You will find that you pay less for the home at the time of purchase and will get more out when you decide to sell.
  • Interior design: despite popular belief the interior design of your home does make a difference. Valuators need to take into consideration the current trends and other issues. In most cases it is best to not change the structure of the house dramatically, unless it will add value to the home. New buyers need to be able to envision themselves in your home, providing potential buyers with a blank or neutral canvas will help them to do this.
  • Maintenance: your house is your home and subsequently needs to be lived in. However, you still need to keep up the maintenance of the home. Damp, structural damage and mould can affect the overall value of the home. Before getting your home valued ensure that any maintenance issues have been fixed.

In what other areas would a property valuation be of value?

There are other ways in which a property valuation report can assist. Purchasing a new home can cost a lot of money. Once it has been handed over to you, your biggest priority should be getting the right insurance. The valuation of the home at the time will provide with the knowledge on how much you should insure it for. After all, you do not want to be in a situation where your home is under-insured and you land up getting a smaller pay out in the event of a claim!

Contact the company that is in the know when it comes to valuations, The Property Partnership. The Property Partnership. The Property Partnership will be able to assist you with all aspects of purchasing or selling property to ensure that you get the maximum value for your rand. To find out more about how The Property Partnership can help you with your property requirements, visit their websitewww.property-partnership.co.za