Valuations https://valuations.co.uk House & Property Valuations Fri, 05 Jan 2018 17:22:11 +0000 en-GB hourly 1 https://wordpress.org/?v=4.9.10 Common Myths about Residential Property Valuation https://valuations.co.uk/common-myths-residential-property-valuation/ https://valuations.co.uk/common-myths-residential-property-valuation/#respond Fri, 05 Jan 2018 17:17:56 +0000 https://valuations.co.uk/?p=712 One of the easiest and transparent ways to know the real worth of your property is through residential property valuation. There are many concepts that mislead the buyer or seller and rise up their expectations for no use. Therefore, instead of keeping the hopes high and living in a daydream, it is better to consult […]

The post Common Myths about Residential Property Valuation appeared first on Valuations.

]]>
One of the easiest and transparent ways to know the real worth of your property is through residential property valuation. There are many concepts that mislead the buyer or seller and rise up their expectations for no use. Therefore, instead of keeping the hopes high and living in a daydream, it is better to consult the professional property valuation company.

The professionals know how to do residential property valuation and provide you the detailed documentation of your property. Keep that safe with you because you may need it many times in your life. However, there are some myths about property valuation that has been confusing people for years such as:

Myth# 1: Residential Property Valuation by Bank
There is a popular myth that the independent evaluators are better than the bank evaluators. However, studies suggest that the residential property valuation completed by financial institutions and accredited companies are more accurate than the independent evaluators. The independent evaluators are not linked with any institutions an only rely on their general information for making the valuation report. This means that there is a high chance that these individuals can lead the property owners to a pitfall.

You cannot trust the person working independently whereas the person linked with specific organization or company is more reliable and trustworthy. They cannot take a single step to make a biased report for your residential property valuation. They have the responsibility to keep company’s reputation high; therefore, there is no chance that they can mislead you.

Myth# 2: Role of Swimming Pool
While doing a property valuation, the evaluator may ignore your swimming pool. Even the buyers and sellers sometimes take the pool for granted. However, during the valuation process swimming pool must be considered to estimate the property valuation. A well-maintained pool can increase the curb value of your house.

However, sometimes the pool is not adding any value to your house estimate. It may be an extra thing that is only covering the space. Therefore, if it is of no use, it is better to get rid of unwanted things that may lessen the beauty of your house. Consult your property evaluators and make the right decision. A well-planned house and landscape are the major factors that can increase the value of the property.

Myth# 3: Additional Rooms
A very wrong concept about residential property valuation is that the more rooms you have the more price you will get for the house. If you too think like that, you think wrong. Residential property valuation depends on the covered area, the condition of your property, the internal and external characteristics and the location of your home. If your house is near the commercial zone or linked to freeways and highways it will have a higher value than the usual houses in the city. Such things increase or decrease the value of your property.

Therefore, while buying or selling a house do not consider the rooms but the area or location. In the real estate market, there is a new trend of converting large houses to an office. People buy such homes to settle their offices or use them as a storage space.

Myth# 4 Slump in Property Value
People might think that property business is all about profits and gains. However, it is only a myth. The property trend changes in days. One month your property is included in highly paid areas and has many buyers offering high prices, the next month you cannot find a buyer for your property even at the lower price.

Therefore, residential property valuation helps you in making your property worthy. Clever people have their eyes on the changing property trends. Whenever they find the high price for their residential property, they do not think for a minute before selling it.

Do you want to make your property worth? It is better to understand how residential property valuation works. There is no truth in rumors spread around about the valuation property. It is purely for your benefit. No hidden terms and conditions. A very clear and transparent way to know the value your property.

Call the reliable valuation company and you will be happy to see how their residential property valuation takes your property to a new level.

The post Common Myths about Residential Property Valuation appeared first on Valuations.

]]>
https://valuations.co.uk/common-myths-residential-property-valuation/feed/ 0
Why You Need House Valuation? Think! https://valuations.co.uk/need-house-valuation-think/ https://valuations.co.uk/need-house-valuation-think/#respond Fri, 05 Jan 2018 17:17:21 +0000 https://valuations.co.uk/?p=703 There are many sentimental and traditional memories attached to the house. Your house must have a special place in your heart. Although, it is the one of the most important places for you you might be unaware of the real value of your house. Your house may worth more than you think. That is why […]

The post Why You Need House Valuation? Think! appeared first on Valuations.

]]>
There are many sentimental and traditional memories attached to the house. Your house must have a special place in your heart. Although, it is the one of the most important places for you you might be unaware of the real value of your house. Your house may worth more than you think. That is why house valuation is important.

The house valuation depends upon the exterior and interior characteristics of the house. Apart from this, the locality and the home improvements can also affect the value of the house. The property market is volatile in nature and the prices fluctuate on regular basis. You can never have the idea of latest trends of the property until you have done the house valuation or you are in the property business.

The importance of house valuation includes:

Loan Approval

If you are planning to get a home loan from a bank, house valuation report is the first thing they will ask for. Keep in mind that there will be only a few financial institutions ready to give you a loan without house valuation from the professional companies. Most of them will definitely ask you about the house valuation papers or documents. The purpose of valuation is to find the exact market price of the house. Without property valuation, the chances of getting a loan deteriorates. Therefore, for the loan approval from the bank or other authorized dealers, house valuation is important.

To Protect the Lender

Whoever is giving you loan must need some security and assurance for the money. To protect the lender and for the satisfaction, house valuation is necessary. In fact, lenders do not take interest in the house that has not been valued correctly by an authorized dealer. That is why we insist you procure professional house valuation services and get a good deal for your house. The valuation report helps both the customers and the lender to make the right decision easily. They will make the fair deal for the loan with peace of mind.

Get the Right Resale Value

House valuation has a great role when you plan to sell your house. You may not be aware of the current market price of your house as you are not a property dealer. What if you make a deal with the buyer without the property valuation and later get to know that your house worth a lot more than this price?

Negotiating after the deal is done may result in losing the customer and their trust. The valuation report helps you to make a clear deal with the buyer. The buyer can read the property report before making any decision. This will keep you safe from unnecessary negotiation with the buyer.

Home Insurance

Due to natural and unnatural occurrences, you can get face damages to your beloved property. Disaster can fall on someone at any time. Some major factors that can cause damage to the house are a short circuit, fire, or other damage due to heavy rainfall or storms. In such cases, you suffer can suffer severe damages and you cannot afford to recover it immediately. Here is when you need to call your home insurance company.

Home insurance policies work best when you have proper documentation that showcases the real value of the house. When you claim for the insurance, they will ask you for the property valuation, as it would be the only proof that shows the worth of your house. Without documents, you cannot get the insurance claim.

There are multiple benefits of taking up house valuation services. With the advancement in technology, you can get house valuation anywhere easily. Many online valuation services available provide the exact estimate of your house. The property agents can also visit your place to evaluate your property. They not only make the report but also provides you guidelines to make your property worthy. Take professional house valuation services as it is the best way you can get your house valued.

It is important to find a reliable and trustworthy house valuation company to complete the property valuation. Property valuation can save you a lot of money in the long run.

Take the help of professional property Valuation Company for your betterment. Call Now.

The post Why You Need House Valuation? Think! appeared first on Valuations.

]]>
https://valuations.co.uk/need-house-valuation-think/feed/ 0
Tips to Prepare Yourself for Successful Property Valuation https://valuations.co.uk/tips-prepare-successful-property-valuation/ https://valuations.co.uk/tips-prepare-successful-property-valuation/#respond Fri, 05 Jan 2018 17:16:22 +0000 https://valuations.co.uk/?p=705 Property valuation reflects the true face of your property. With necessary changes, you can make your property profitable. When you hire a professional evaluator for property valuation, he knows all the technical aspects to observe while making the report. The things they notice includes your house appearance, area, location and the current market rate in […]

The post Tips to Prepare Yourself for Successful Property Valuation appeared first on Valuations.

]]>
Property valuation reflects the true face of your property. With necessary changes, you can make your property profitable. When you hire a professional evaluator for property valuation, he knows all the technical aspects to observe while making the report. The things they notice includes your house appearance, area, location and the current market rate in your area.

You can trust the evaluators from a reliable company as they are trained to examine your property physically under the guidelines of specially designed valuation programs. Whether it is your commercial or residential property, they make an unbiased report for your property.

For perfect results of property valuation, we advise you to prepare yourself for the evaluations. A pleasant and peaceful environment is always welcoming and people love to feel special. Similarly, when you call property evaluators for evaluation, prepare your property for them. This will not only have a nice impression on them but also have positive effects on your valuation report.

These tips will help you to prepare yourself and your property for a good impression on the evaluating team:

Be Available

Make sure you book the appointment for property valuation according to your schedule. One of the worst things to do on valuation day is to leave it to your friends or your relatives. Do not put your responsibilities on others and be ready for the evaluators. Be there before the team or the evaluator comes. Your presence will not only leave a good impression but also help the person to make an honest report.

Make Your Property Presentable

Your impression has a lot to do with your property valuation report. Prepare your property for evaluation one day before. Clear up all the mess; arrange the things at their proper place, vacuum the dust, clean up the dishes, clothes, steam up the carpet and do anything to make your house or property look presentable. Make the efforts like you do for your special guests or in case you are selling your house. Spend on your house décor if needed, as it will help you in your report.

Organize the Kitchen and Bathroom

The kitchen is one of the most important places in the house. On the day of your property valuation, make sure that your kitchen and bathrooms are well organized. Clean up all the dishes before they arrive, make your cabins look neat, dry your shelves and floor. Remove the things that may cause smell in your room. Check your sanitary work and pipes. Mend your pipes before valuation, as it will add negative points to your report. Apply room fresheners for a pleasant smell.

It is expected that the valuation team spends more time in these two rooms as there are many minor details to observe for an honest report.

Repairs and Renovations

If your house needs renovation or any repair, do it before calling the valuation team. Clear the space when the work is done. Make sure to have a quality repair work as all home improvements will also be included in your valuation report.

No matter for what purpose you are having property valuation. The important thing is your impression. The nicer the place look the higher will be the value of your property.

Improve the Entrance and Appearance

Your appearance matters a lot. Make your house equally beautiful from outside as it is from inside. Work on your garden, plants, and fountain (if any). Paint your exterior walls with a color that adds beauty to your property appearance. Make sure your garage door is working perfectly and your roofs look good.

Do a Little Research

Although you have hired a professional expert for property valuation, however, we advise you to do a little bit research on your own about the property trends. This will give a good impression on the evaluator and you will be saved from any fraud.

The person may ask you about the recently sold properties in your area. That is why it is better to do research or talk with someone about the recent real estate activities in your area.

These few useful tricks can add up the value of your property valuation report. If you need to spend a little before valuation, do not take it as a burden. It is your investment to get a treasured property valuation report. This will be paid back in double when you sell out your property.

The post Tips to Prepare Yourself for Successful Property Valuation appeared first on Valuations.

]]>
https://valuations.co.uk/tips-prepare-successful-property-valuation/feed/ 0
5 Reasons to Get Commercial Property Valuations https://valuations.co.uk/5-reasons-get-commercial-property-valuations/ https://valuations.co.uk/5-reasons-get-commercial-property-valuations/#respond Fri, 05 Jan 2018 17:15:59 +0000 https://valuations.co.uk/?p=704 Valuation is important as it can help you to get a fair amount of your house of office. People may think valuation as an unnecessary process, however, it leads to all your commercial property dealings. If you ignore the valuation process on time, you suffer later. The timely commercial property valuations can be effective as […]

The post 5 Reasons to Get Commercial Property Valuations appeared first on Valuations.

]]>
Valuation is important as it can help you to get a fair amount of your house of office. People may think valuation as an unnecessary process, however, it leads to all your commercial property dealings. If you ignore the valuation process on time, you suffer later.

The timely commercial property valuations can be effective as they prove to be a great addition to your small or large businesses. There are numbers of reasons for which you need commercial property valuation such as:

·         Managing Company Affairs

It provides written documentation for all the improvements and investments made on the property. Similarly, the company should have the documents to showcase the real value of their property to the investors. If the company’s director has changed or the shareholders you need an updated version of your property valuation to add the currents assets of the company according to the market price value. The recent valuation report helps you to build a good relationship with the new partners.

Similarly, when a director or partner leaves the company, they will ask for their shares. The commercial property valuation will help you to divide the property equally based on the current market value.

 ·         For Securing Loans

You also need commercial property valuation for bank funding. The first question that the bank manager will ask you is regarding the property’s current market price. If you are not aware then this will have a negative impact on your bank loans. Your unrealistic opinion will create some major issues for you. That is why property valuation is essential so that you can avail the funding benefits.

·         End of lease release

If you are living on rent and do not own the property, the landowner can create troubles for you. At the end of the year, your landowner could demand some money for the repairing work. The property valuation saves you from paying the extra amount for the repair. Make sure that your repair cost should not be more than the property value.

For example, if the repairing cost is $15,000 but the value of your property is only $ 10,000, you can only claim for $10,000, not the amount you spent on the property. Commercial property valuation is beneficial for both, the landowner and tenants.

·         Stamp duty

When you transfer the ownership of your property, the valuation is necessary to check the current value of the property. A value is needed is to measure the amount of Stamp Duty to be paid.

·         Capital gains tax

When you sell your property, the valuation company will offer you a formal written report in order to estimate any Capital Gains Tax due. To save yourself from any negotiation, it is better to have the estimated value of the property before time.

Strategies for Commercial Property Valuation

The property valuation is based on physical research of property including the area and current market value and other valuation programs. This information will help evaluators to go through the easy commercial property valuation process and gives you an accurate value.

The property owner can be a great help for the inspection team. Here is a list what the property owner can do.

1.       Go for detailed valuation

There are few companies that offer a general valuation of your property and overlook major points when making an evaluation. Do not trust that report. For best results, it is better to choose a company that offers detailed inspection of your property, keeping in mind all the other aspects of the property.

2.       Be there

The best you can do for the valuation team is to accompany them during the valuation process. This will help both, the owner and the team to make an accurate report about your commercial property. You can also provide additional information to the team that will add up points to your property value.

3.       Keep the property clean

Good impression on the team is necessary. It is better to keep the property clean before the team arrives at your place, especially your bathroom and kitchen and the front area of the building. Also, clean your sidewalks and paths before valuation.

4.       Do not pressurize the evaluator

Do not pressurize your evaluator as it will have a negative impact on your report. He is not here to buy your building but to tell you the real value. Let the professionals do the work.

5.       Hire a reputable evaluator

For your ease, it is better to hire the professional evaluators. Most professional evaluators have years of experience which helps them to gauge the property in an effective manner.

The post 5 Reasons to Get Commercial Property Valuations appeared first on Valuations.

]]>
https://valuations.co.uk/5-reasons-get-commercial-property-valuations/feed/ 0
How I Found the Estimated Value of My House https://valuations.co.uk/how-i-found-the-estimated-value-of-my-house/ https://valuations.co.uk/how-i-found-the-estimated-value-of-my-house/#respond Fri, 17 Nov 2017 13:38:30 +0000 http://info.valuations.co.uk/?p=1 Property valuation helps you to buy or sell the property at a high rate. Property valuation is also important as the value changes over the time. Due to ever-changing real estate market, the price of the house may increase or decrease. You might have made some changes in your house design or structure that will […]

The post How I Found the Estimated Value of My House appeared first on Valuations.

]]>
Property valuation helps you to buy or sell the property at a high rate. Property valuation is also important as the value changes over the time. Due to ever-changing real estate market, the price of the house may increase or decrease. You might have made some changes in your house design or structure that will affect the value of your property.

There are many methods by which I can get the estimated value of my house such as online valuation or calling the professionals from a reputable valuation company. However, you can do it by yourself. The article below can help you to find the estimated value of the house or any property.

The Assessed Value
Your property tax also affects the value of your property. Find the recent tax bill of your property, it will have a tax assessed value for the property. Then look for assessment rate that is somewhere between 80 and 90 % in most states. The assessed value is the percentage of fair market value. Therefore, you can calculate the property’s fair market price of your house, if you have the assessed value and its assessment rate.

Neighborhood Comparable
Keep your eyes open when you want to know the estimated value of the house. Look at your neighbors and see what rate their property was being sold in the last 12 months. Note down the addresses and analyze sale through public records or via the website. Keep in mind that some websites do not regularly update the market data, therefore the price you see might be the old prices. You should also check the sale date of the property to confirm the current value of the property in your neighborhood.

Do a quick comparison of your property to estimate the current value by using this information. The value differs from the size, structure and additional things in your house. Do not ignore them while estimating the value.

Real Estate Website
There are many sites that provide free online home value estimates for your ease. These estimators are designed in such a way that they scan the data from various sources including private and public databases. The online estimator asks you many questions about your property such as its covered area, year of construction, number of rooms, internal and external home improvements, the landscaping and many other questions related to your property. Submit the information carefully to get the right estimate. After submitting the basic information, it will provide you an estimated fair market value of the house. You can also get the list of recently sold properties in your area with the resale price.

Real Estate Professionals
Real estate professionals can also help you to find the estimated value of the property. They have the access to the updated databases of private and public sectors. They keep themselves abreast of the latest market trends which helps them to make an honest appraisal. Real estate agents charge variably for their services. After getting the estimates, you can also take their help to sell the house as they are linked to many potential investors.

Professional Appraisal
Professional knows the job better. They help you in your property appraisal. This is one of the best ways to obtain the accurate estimate of the house.

Techniques for Property Valuation
Valuation is based on different techniques such as:

•    Cost based valuation

In cost-based valuation, the estimate of the property is based on the amount of purchase. This happens due to inactive market value or no similar property in the area is sold nearly.

•    Market-based valuation

In this type of valuation, the estimates are based on the market price value of the recently sold properties. The evaluator uses the details to the previous property of similar kind to provide you the estimates for your property.

•    Profit based valuation

Property-based valuation is applied to high commercial buildings such as hotels, agricultural land valuation and all other property that have earning potential. The price of these commercial buildings depend upon the covered area and location of the building. Such buildings are more expensive as compared to others.

With the help of tips and techniques mentioned above, I got the estimated value of my house. Follow the techniques to know the worth of your property.

The post How I Found the Estimated Value of My House appeared first on Valuations.

]]>
https://valuations.co.uk/how-i-found-the-estimated-value-of-my-house/feed/ 0