What do property evaluators look for

Freephone Mortgage Express Blog. What is a property valuation? A property valuation is an independent assessment of the value of a property based on a number of different elements: the current market, recent sales, council information, size and condition of the property. Who undertakes a property valuation? In New Zealand, property valuations are undertaken by a registered property valuer. Registered valuers must be certified by the Valuers Registration Board.

You can find a list of registered valuers on the NZ Gazette website. What does a property valuer do? The fittings, amount of storage, bench space, appliances and the overall space of the kitchen all count. But at the same time, it is important to not go too over the top if you decide to renovate. If you create the ultimate kitchen with expensive fittings and benchtops but it does not match the rest of the house, it may not add as much value as you are expecting it to.

The fixtures and fittings should be appropriate for the property and its surrounding area. In a busy urban area, parking is extremely important. If you have a property in the heart of the city with a parking spot, that will boost the value straight away. However, if you are in a street where every other house has off-street parking, but you don't, it will affect the valuation. The valuer is not just going to look inside the property. You're almost finished - want help finding the right home loan?

I want to refinance I want to buy a home. Ask an expert for help Mortgage News News. This may include more details around covenants, as well as things like mortgages registered against the home. Previous sale prices: If the property has been sold before, how much did it fetch? Does the immediate area have value adding features like green spaces, transport links and good schools? Is it close to centres? Similarly, how easy is it to get from your home to employment hubs?

The neighbourhood : is the street and surrounding area well kept or rundown? The markets As well as on the ground features, property valuers will take into account the current state of the property market. Other articles you might like. Selling guide 5 min read.

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