Category Archives: property valuations

Is there any difference in property value and property worth?

Buying and selling of any property in real estate bring two terms along with it, which creates confusion among the people. So here in this post we will tell about those two terms i.e – Property worth and property value.

“Property worth” is the term used to denote the cost of the property in monetary terms.
Whereas “Property value” is the broader term that is enclosed by the cost and emotional feeling attached to the property. It can also be understood as “importance”.

Property’s worth can be estimated based on the comparables and market data, there is no need to visit the real estate property.

But while finding the real estate property valuation, viewing and assessing the property becomes necessary. It matters a lot to check the condition of the property and knowledge of the market condition.

Property worth is the cost decided between the willing buyer and seller at which they are ready to make the transaction. Supply and demand plays a vital role in determining the price or worth of the property. When supply is high, demand decreases and price of the property decreases.

When supply is low, demand increases and property price also increases.

When we talk about property’s value then it is an opinion for the property at which it would sell for taking the features and benefits of the property into consideration.

Say for the worth or price of a house is $ 1,50,000 but its value may get varies.

As the house owner may feels that open living area with side pool may carriers more value.

But on contrary the buyer will not find it more useful and place less value for it. Value varies among the buyers. For example – Some place near the airport, values more because family members have to travel frequently via air. So the place near the airport values more to them not to the others. On the other side a buyer does not know the how to drive and does not possess any vehicle then for that buyer property near the bus line or from where public transports are easily available is more valuable to that buyer.

The word “Value” in real estate indicates the significance and importance of the property. House that you have built may carries more value to you because your heart, money and resources are involved in it. But to other it may not carry such significant value as for him it is a materialistic property made of concrete and cement.

There are two “Values” in real estate –

Appraised value and Market value are the two ways of determining the property value.

Market value of house is valued by the professional and qualified property valuer, who takes the complete inspection of the independent house by keeping the market condition into consideration and then evaluates the accurate house value with the help their knowledge and strong analytical skills.

Whereas as appraised value is estimated by real estate property agents who are not qualified valuers. Just on the basis of experience and previous sales history they predict the property value. Which is not authentic one.

Residential Property valuation is imperative for right financial decisions. So it is recommended to have the house valuation or property valuation with the experienced property valuer who possess the great working experience and updated market knowledge.

How do Housing values in Australia across its cities varies

Whether we talk about spending money in real estate or an increase in the price of goods in Sydney. The state capital of New South Wales and the expensive city of the Australia i.e Sydney is forward in the race. Leaving the Melbourne, Brisbane, Adelaide, Perth behind. Earlier the Western Australia was there in the place of New South Wales. People were more likely to invest in Western Australia in the real estate properties.

The current reports exhibits the fall in the dwelling values in Sydney, the major change is seen in premium cost. The value of housing property in Sydney is comparatively higher than the other capital cities.

Over the past years, the house values or property values have increased in New South Wales, the rate of growth has decreased, particularly within nearby regions of Sydney – Newcastle, Illawarra, and Lake Macquarie and Southern Highlands and Shoalhaven. These regions have been perceiving dwelling value and land value growth over the recent years and along with this they are the only regions where long-term average value is lower.

Finding the major reason behind the Sydney’s rank is the increase of the dwelling costs which is raised significantly in the recent years. The large share of household spending is in housing that makes Sydney housing prices high. The Perth is come out as very slow when it comes to increase in prices of foods, transport and communication.

Financial affordability is the prime factor in Western Australia. People over there are spending less, cause of financial pressures.

On comparing the Melbourne Housing values with the other capital cities of Australia except the expensive city, Sydney, it is observed that the median dwelling values and property values in Melbourne is higher than other cities.

The reasons why the dwelling or housing values to the cities like Sydney and Melbourne have raised over the years because of the following reasons –

  1. People are more likely to settle in these cities rather than others.
  2. Increase of foreign investors.
  3. Low mortgage rates.
  4. Increased demand from Investors
  5. Stronger economic conditions than other cities of the country.
  6. Availability of accurate of property valuation, home valuation and land valuations services.

According to a report, the property values and land values will continue to decrease slightly in the major cities of Australia like Sydney and Melbourne. Though these cities have been under the interest of the investors and the maximum growth is also seen in Sydney.

Now the property owners in Sydney are planning to earn profits by selling their properties at high rates by having the right property valuations from the property valuers.

The other cities of Australia started raising, Hobart becomes the first in among all cities.The 1.2% raise in April 2018 and 3.6% increase in property values over the quarter period of a year.

It is estimated that – “The property values increasing nearly 13 % on the annual basis over the past years now, The Hobart housing values are recorded high, against a low level of income growth.”

Darwin and Perth’s market opportunities –

The Property market which have suffered a lot, may exhibits some buying opportunities in future. Though the little positive change can be seen in the growth of the property market in Darwin and Perth.

In the month of April 2018, Darwin’s housing values raised 0.6 percent, and in the last quarter it was noted 0.7 percent. It is first positive and noticeable result. But the property market has dropped down to 7.7% in last year.

The fact is the marketers are not concentrating well on Darwin’s market. Similar in the case of Perth. Four years ago the Perth market was at its peak but 11 percent fall has been seen in the past years.

The income factor should higher than living costs because in the cost of living, housing cost and property value is great single living cost for the Australians. Policies should be made that helps in housing affordability.

How property valuation is guiding people to take their decision regarding property?

Property valuation, is very important as it helps us to know the right market value or worth of your property. It is a process which estimates the economic value of the property in order to make the good financial decisions.

Property valuer is the person who analysis the property and market conditions and
then determines the property value. The property valuation report carriers all the details related to the property through which you can make the financial decisions related to the property in a much better way.

Making the investment in real estate properties is a good idea and give an attractive option because you are quite sure to get good returns from real estate investments. This is pretty sure that value of the property is going to raise in the coming years, this is the major reason people want to invest in the real estate property.

If selling the property is not your choice, then you can put it on rental basis and earn a handsome income from it.

Above all make sure to have the right knowledge of your property especially to know the right value of your property is a must. For this hire a property valuer for your property valuation is essential. Make sure valuer should be unbiased, experienced, professional, provides services at affordable cost and provides accurate real-time reports of property valuation.

Property valuations is the process can be completed in a few hours or days depend upon the size and type of the property and kind of details required. The benefits of having property valuation are tremendous. Read ahead to know what’s your reason to evaluate your property’s worth. Whether you want evaluation for –

1. Residential buildings – houses, penthouses, multi storeys,
2. Commercial buildings – Shops, Outlets, Stores
3. Rental buildings – Flats, houses
4. Public buildings –
5. Government buildings –
6. Educational buildings – Schools, colleges, playschools and more.

Property valuation for all the buildings which comes under these categories can be done by the best property valuers.

Reasons behind property valuation may varies –

  1. When you are planning to buy a new home or a property.The pre-purchase valuation of the property should be made to know the right value of your property.
  2. When you are selling your home or property. The pre-sale valuation should be done in order to sell your house at the right price.
  3. In case of property settlement, property valuations services are required for the matters like – legal settlement, to settle the family dispute related to the property, matrimonial settlement etc. In such case you should know the value of your property to resolve such cases.
  4. To know the current fair market value of your house for mortgage purpose.
  5. In case of property insurance claims, property valuers can help you a lot.
  6. For rental keeping your properties on a rental basis, you should know the right rental cost you can charge for your property. The property valuer can help you in this.
  7. For taxation purpose and transfer of property, property valuer play an important role.

Among all these, any could be your reason to have property valuation. It’s good to know the right value of your property. So guys, what you are waiting for? Hire a property valuer soon and know something and everything about your property.

Is like right property valuation is possible with the online property valuation tool?

Before answering this question, We would like to know – Do you know you can estimate your property’s worth online? If ‘No’ is your answer then this will surely amaze you.

Yes, there are various property valuation tools present in the online world which assist you to get the property value. Most of them are free of cost. You need not pay any fee for using the online property valuation. Then this free type of property valuation is meaningful or not? Can you rely on such property valuation tools? Could it be possible to estimate the accurate property value via online property valuation tool?

This something tough to say that the online valuation tools gives completely right or wrong results.

How to get the property valuation result online
You have to give the information of the property like pincode, address, building type, condition, age,and some more questions related to the property which can help you to get the accurate estimated value of the property.

Why to use the online property valuation tools –
The most tempting reason to use the online property valuation tool is free of cost available. One of the easiest ways to calculate the property value and easily accessible too. It does not require much time, as it is quick in nature. In the initial stages of the property valuation, you can use online tools to get the idea, about the property’s value.

Whether you want to sell or buy the house, or you want to just want to know the right value of your property. Online valuation can be option for you to get the idea of the property’s value. Else it is not at all advisable to go for online valuation option only.

What you can do –
At first, you can go online and find some free property valuation tools and check the value of your property there. At least you will get an idea about property value. Then hire a registered property valuer and get the valuation done for your property.

We cannot rely on the online property valuation tool because the obvious reason is it doesn’t includes all the parameters before evaluating the property’s worth. The limitation of the online tool can not be ignored. So it is vital to know the opinion of the property valuer before selling or buying a property.

Why property valuers? Why not online valuation tool?

Though we are living in the techno world and growing everyday. But still there is no replacement of the human brain. One cannot ignore the capabilities and knowledge of the human beings. That’s why the online valuation tools cannot replace the property valuers.

Property and land valuers are the reliable one, they observe the properties minutely and then consider various factors like comparison of the property with alike one, consider the current market conditions, amenities associated with the properties, geographical location of the building, building type and more. And after all the study they find the estimate value by analytical skills and experience.

All these factors are not taken in consideration when evaluating the property value by online property tool.

How property valuation is helpful for making your home more worth?

property valuations

Property valuation. Does it sound like another big expenditure to you? Then surely you will get amazed after reading this.

Property valuation can increase the worth of your house. The advices given by the property valuer can help you to improve the look and feel of the property inorder get the right value of your home.

Just by making small amenin orderin the property one can get the increased value of it.

To Start with exterior – It includes front yard, garage, lawn and elevation of the building. These all puts the first impression of your property on the buyer. So, mow the lawn, remove weed and dead plants from the lawn, paint and repair the elevation of the building, Front yard should be well maintained in order to attract property valuers and buyer to buy your property.

Fix all defects – A small defect in the property like mark of water on the walls, leakage of water from the air conditioner, broken tiles, cracked windows, dirty walls, these all are the small defects for you but they are big for the buyers. It’s like a dent in a whole new car. So fix it up first and then ask the property valuer to visit your home. The repairment cost will not be so much, this is something you can afford, so it is advisable to invest small amount of money to get the big return on investment.

Keep the kitchen clean – This is something the most important place of the home. If you have enough money to renovate it, into a sleek and modular kitchen then you should try. Otherwise you can make it stain free and clean to attract the property valuers and potential buyer. Small upgrades in kitchen can bring big difference in you house and adds value to your kitchen.

It’s bathroom time – Small replacement like tabs, tiles can do wonders. A little replacement in toilet like change the dirty sink, tapware can impress the buyer. The small renovation or changes in the bathroom fittings can increase the value of your house.

Mind your floors – House valuers will notice your floors while entering into your house. Keep this in mind to change your floor or replace your carpets to attract the buyers.

Store room – The extra room that is always needed by the buyer to keep the things there. If you have one in your property then ok. If not, then add the one so you will get the more value of your property.

Paint it well – The white colour in the interior makes the house more spacious and big. A single stroke of paint can add new life to your old house walls. And believe us it won’t cost you much.

Use of what you have – No matter, what you have. It’s important to show it wisely. Overall presentation matters. If you don’t have much space for garden n all, choose vertical gardening. If you have backyard space turn up into outdoor living area is a commendable idea.

With smartness and following the above mentioned tips you can increase your property’s worth. The property valuers will definitely give points to your all such efforts.

Want property valuation of your house?Contact home valuers soon, to get it done.

Which key factors impact property valuation?

Property valuation, that is something very important, If you are planning for real estate investment. Getting the right value of the property is very essential otherwise you may have to face financial losses.

No doubt, property valuation or house valuation is a tough task. For this expert advice will be needed to find the right worth of your house. So it is good to hire an experienced property valuer like sydney property valuation to find the actual worth of the your house.

This time we will tell you about the various factors that influence the property value like anything –

Availability of land near property –
The property valuation graph reflects the low value where ample land is available for residential or commercial development near property in comparison with the area where there is scarcity of land.

Demand and supply of the property –
Supply and demand are the factors which affect the value of the property. Higher the supply of the real estate property lesser the demand(in maximum cases, not in all). It is inversely proportional to the each other.

Supply is something that is fixed especially in case of real estate at least for particular time. The demand is the dynamic in nature, that changes. When the supply is fixed then demand increases. Ultimately leads to increase in the property value.

Location of the property –
Where your property is located? Matters a lot. The commercial area buildings cost more than residential area buildings. Same as the developed area property’s value is higher than the less developed area property’s value.

Location is the most influencing factor in the property’s value. The same property costs different prices in different areas.

Amenities – The property’s value is also depends upon the availabilities of the facilities and necessities around the property building. Example – the transport facilities, swimming pools, gym, general stores, religious buildings near property, parks, parking lots and more. Having all such amenities increases the value of the property along with good infrastructure influence the property’s value too.

Size of the property – How large the land of the constructed area and open area is? Larger the space greater the value of the property. Size matters a lot while evaluating the property’s worth.

Type of property – Property you have is for commercial or residential purpose or both. The commercial property building brings more value than residential buildings. Age of the property also plays an important role in property valuation. Whether the property is older with ancient historical importance or new property with great elevation and smart interior.

Customization – When you asked the real estate agent to modify the building as per your requirement, the value of the property increases. Modifications like upgraded or modular kitchens, terraces or verandahs connected with the apartments, specifically added internal stairs in duplex apartments, Washable paints and wooden flooring, or other user defined changes increases the cost of the property.

These are the key factors that influence the property valuation or house valuation. To get the great deal make sure to check these above mentioned factors and work a little to get right value of your property. As property valuation cost is the little investment you make to get good ROI (return on investment).

Hiring a property valuer is a boon. Your search for the unbiased and honest property valuer ends here with property valuer sydney and get the accurate reports in real time with property valuation sydney.

How can I find the property value of my home

How can I find the property value of my home

Property valuation is a tough task on its own, as it is filled with uncertainties. Many property valuers evaluate the property on the basis of market or popularity of location that leads to an incorrect valuation of the property. And if the matter comes about the home, then right property valuation is a must.

As there is a saying – ‘There is no place like home.’

It is a place where you can stay, rest, relax, enjoy with family & friends, where you can be yourself. Home keeps you safe from the intrusive and busy world. Home is the place where the heart is. Many people have only one home in their whole life. It requires mind, money, resources, and heart to build a home. So when it comes to evaluating the value of your home then unbiased, experienced and expert valuers are in demand. Who should be potent enough to provide the right valuation of your home by saving you from defective property valuers.

Now the big question is – How can I find the property value of my home?

Then the simple answer to your question is – Find the real property valuer who can help you to find the right value of your home. For this, you can contact Sydney property valuers, the best one in the town. They have a team of experienced, certified valuers who can help you to evaluate the right value of your properties like land, towers, residential buildings, commercial buildings, educational buildings, religious buildings, government buildings, public buildings etc.

Choosing the right property valuer is essential for you. Otherwise, you may have to face serious losses due to incorrect evaluation by biased valuers. It may lead to the hole into your pocket. So it’s essential to hire the right property valuers.

The property valuer Sydney can assure you to know the right value of your home or property and keeps you away from creating a dent in your profit, via right evaluation by Sydney property valuations.

Our qualified, skilled, experienced valuers checkout the property with eagle’s eye, which delivers the appropriate value of your property. We provide the property value from all 360 point of view i.e legal point, economical point and structural point of view. Whether you want it for anything like –

  • Property settlement valuation
  • Rental valuations
  • Pre sale valuation
  • Pre purchase valuation
  • Compensation valuation
  • Internal accounting valuation
  • Mortgage security valuations
  • Industrial property valuations
  • Property settlement valuations
  • Asset register valuations.

Why Property valuation Sydney, because they have the following features – Honesty in dealing with clients and customers.

  • Competitive prices.
  • Offers wide range in services.
  • Registered property valuer company.
  • Team of experienced and expert valuers.

Property valuations Sydney is a company with a group of professionals eager to help those who are seeking professional valuers for their property valuation. Having authentic and right property valuer is a boon because they save you from trouble and bestow you with the real and authentic reports of the property.

Whether you have any kind of property valuation query like residential property valuation, commercial or industrial valuation, building insurance assessment, Sydney property valuation experts are always there to help you out.

For more details or any other query, Call on (02) 8599 9840.