Category Archives: Property Valuers

Tips to make your Vacation rental property business successful

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Customers or guests are the God for any business. Their satisfaction should be your utmost important thing. To run any business successfully you should focus on customer’s services. It should be up to the mark.

Make sure things are perfect when renting out your vacation rental property. Otherwise, your property business will turn down and you will have to face the vacancy issue. The most important thing is the client’s dissatisfaction will turn into negative feedbacks and negative word of mouth which leads to severe losses.  

To know the value of your property hire registered valuer NSW and get the valuable advice.

1. Stay in contact with tenants – Either via mail, text or telephonic conversation stay in touch with your customers or tenants. It is the most important and essential to be a vacation rental property owner should do. If you personally can’t match up and do all these things you should hire a property management company they will do all these things from you from check-in, check-out of the guest to keeping the property clean and tidy, to resolve the short-term tenant’s issues to collect the payment all this will come under the property manager’s task and you can enjoy your ownership.

It is important to send them thanksgiving message when they book your property for the stay even after when they leave. Also, make sure when they arrive you or your property manager should be there to receive them and check all things are in good order or not.

2. Keep your property clean and tidy – The odd part of the short-term rental business is tenants come for short duration they come and go. Meanwhile and after the check-out of one tenant, you should ask your cleaner to clean the property thoroughly. Before check-in of another tenant, make sure beds are properly made and kitchen and bathrooms are cleaned properly. You can hire a cleaning company and make a deal with them. Then it’s their duty to deep clean every corner of the property. As no guest likes to have cobwebs in the corner and messed kitchen.

3. Check the electric appliances are working properly – People choose to stay in short-term rental property just because they want to live in a home-like place even in a strange city. Before they arrive, Check all the electric appliances like Air conditioner, heater, oven, Wi-Fi, Geysers etc. are in working condition. Always remember to have regular maintenance services thus would keep you away from critical issues when tenants arrive at your place. If in future any issue arises then say sorry and fix the issue as soon as possible. Call the professional to repair the electric devices.

4. Handle tenant complaints smartly – Look you want to run your vacation rental business successfully. So it is important to satisfy your clients thus they spread a positive word of mouth which makes your business big and property occupied. Though you always try to make everything perfect for your every tenant. But we all are imperfect in this imperfect world and mistakes happen, issues arise unexpectedly. In this kind of situation, you should make an apology in front of the tenants, except for your fault. Try to resolve the issues as soon as possible. Even you can waive some rental amount. If the issue is major you should help them in finding another place to stay and refund their previous payment.

These are the tips to make your vacation rental property business successful. For the best property valuations NSW, contact us.

How to buy a foreclosed property

Experts like Property valuers Sydney suggest to buy a foreclosed property but many people don’t understand – what is ‘foreclosed property’. These are the properties which are auctioned by money lenders or banks in order to recover the money or loan they had landed and homebuyers failed to repay. Thus on banks and money lenders put their properties on sell to recover the money. Experts says – the advantages of buying the foreclosed properties are many.

Foreclosed properties are available on heavy discount. Usually banks and money lenders want to sell these foreclosed property as soon as possible cause their major motive is to get their money back. Thus it serves as an advantage factor for those who want to buy the property. Even bankers and money lenders gives various offers and discounts.

Here we are giving some tips that should be remembered while buying a foreclosed property –

Find your property type – Find the notice of the auction of foreclosed property. Stay in touch with property brokers, property valuers, browse property sites, read newspapers and get the details where, when and how is conducting the auction of such properties. Before this be clear in your own – ‘why you are buying’ and ‘what you actually want to buy?’ then check the available foreclosed properties are fulfilling your requirements or not.

Hire property valuers or experts – Property valuers Sydney knows all about the property world. Take the expert advice before buying such properties. Their experience helps people to make sagacious decisions.

Know the current market condition – Buying a foreclosed property is a great deal as these properties are usually available on low rates. But before buying these properties attend some auctions, do some market research, understand the current market scenario properly and then make the procedure of buying a foreclosed property.

Investigate the property properly – Observe the property closely which are planning to buy. Have a critical view to see the things. List down the places which requires maintenance & repairing. And then calculate the amount needed to repair the property. It may happen you get the home at least cost but you end up in loss by repairing, maintaining and revamping the property.

Complete all paperwork – Usually bank ask to sign the legal documents before buying or selling the property, read those papers carefully before sign it.

Overall, buying a foreclosed property is profitable deal for you. Advantages of buying such properties are here –

  • There properties don’t require much repairing.
  • Bankers give discounts and offers to sell these properties.
  • Bankers want to sell these properties quickly.
  • Buying, then making little renovation and selling the property gives good returns of investment.
  • For Investors buying foreclosed property is profitable deal.

Buying and selling the properties in real estate should be done under experts advice. Hire the property valuers Sydney for best property valuation services. Our team has years of experience and bundle of industry knowledge. Make the wise decision with our experts and enjoy investing in real estates.

Mistakes that one should avoid while making real estate investment

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To get a quick rich real estate property investment is the best way. But do you know – Your single wrong step while making the real estate property decision can take you to the severe loss. Even it can ruin your whole career. So being an investor there are few things which you should be aware to make profits and successful deals in the real estate world. For making your property investment decision a happy one you should hire a residential or commercial property valuer. They know all about the property value, market trends, market conditions First they analyse and then evaluate the right market value of the property.

Here in this post, we are revealing the reasons behind those major mistakes –

Lack of Knowledge – Making an investment in the real estate world is a business and every business demands thorough research and deep study. Otherwise, lack of knowledge will take you to the loss. This is the biggest mistake that many investors do. Just by seeing other making money in the real estate world and finding this industry lucrative they jump into the property world which leads to loss.

Everyone knows the importance of location but still many make this mistake. Real estate property is all about location, location and location. You have to choose the right location of your investment property. Most of the beginners choose the right property at a wrong location which puts a dent in their profit margins. For example – buying an investment property in a high crime rate area is not going to get you, tenants or prospective buyers.

Lack of planning – Before starting any business you should plan your strategies in the right manner. Research and then plan your actions and major steps to achieve your goals and objectives. But many investors often overlook this major point and start their business which is completely wrong. One should make plans to execute the strategies properly.

Insufficient knowledge of finance – People do not have proper knowledge of the finance and they often unable to manage their funds accurately which leads to loss. There are many banks and private lender who are ready to give loans at a low rate. Scan and study there terms and condition properly and then choose the one which is with low monthly payments and low-interest rate.

Becomes greedy – Though real estate property business is lucrative. One shouldn’t go greedy otherwise this leads to the wrong decisions. Understand the property world, terms, concepts well. Always remember great things take time. You should have patience and grow gradually. You can’t become a millionaire in a single day. Analyse your options, take opinion from professionals and then make the sagacious decision. Always remember your greed can ruin your real estate property business completely.

One should not make these mistakes while making the real estate investment. For more information hire residential or commercial property valuer.

Feel free to contact us for the best property valuation services. We have a team of expert and experienced residential property valuers.

Tips to remember while investing in the interstate

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Buying a property in the interstate with the hope to earn a profit could be your right decision if you do your property research well. Your buying property experience can turn into a daunting task if you are not prepared and have not any right market knowledge. Though before buying the interstate property for an investment purpose you should hire the local residential property valuer to know which one is the best property for you to buy.

When you do not find any good opportunity in your home state then finding an investment property in interstate is the commendable decision. All you have to hire an expert and qualified home valuer to guide you and follow these points –

Know the area well – While selecting an investment property in the interstate you should think from buyer’s point of view. Check the amenities around the property, inspect facilities available in the nearby area like – local market shops, hospitals, playgrounds or parks.

Look at the features of the property – It is important to check the condition of the property before buying otherwise you may have to spend a huge amount of money in renovation which can break your bank. Inspect the property well while buying the interstate property. Look at the special features of the home which you can make the unique selling proposition. Work on to increase the curb appeal of the property or large size of kitchen and bathrooms. Find the speciality which helps you to attract the potential tenants.

The risk associated with it – Check the crime rate of the area in which you are planning to buy the home in the interstate. Know about the area it comes under environmental risks or not. Check the noise level of that area is it near to airport, train it may cause disturbance who lives in the property. If you are buying the property with any of this issue then it could become difficult for you to find the right tenant for your investment property in the interstate.

Research well – Study about the area in order to make an informed buying decision which gives you good returns on investment even in the interstate. You should make a research regarding the property rates, capital growth rate, a vacancy rate of the area median housing prices before making the purchase.

Read the contracts carefully – It is imperative to check the contract carefully. As you are buying an investment property on the interstate then should read the terms and conditions carefully. It might possible the interstate possess some other property buying rules. You can hire a local lawyer to understand the things in a better way.

Take a home valuer on property inspection – To know about the property well and to find any loopholes that might property carries is important to take the home valuer they can help you in this. You should buy the property which is ready to move for tenants thus you can start earning the monthly rental income soon.

For best home valuation services you can contact us. We have a team of an expert and qualified home valuers.

How to find the next hotspot property

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Property experts suggest – Buy a home in undiscovered hotspot especially when you are buying it for an investment purpose as it is easy to afford and expert property valuers expect – “Hotspots will give good returns on investment”.

In this blog post, we are revealing the secrets – How to find the next hotspot property. Before anything first understands What is Hotspot?

Hotspot is the underperforming suburb, location or area that is unpopular among the buyers. These areas haven’t grabbed the buyers attention like the blue-chip locations. The hotspots are found near the popular areas or suburbs. When these popular suburbs become expensive then people tend towards hotspot that is unpopular and affordable.

Here are the tips to find the property hotspot –

Golden triangle concept – When you are buying a home, comfortable living is in demand three things are there – live, work and play the distances to reach these three places from home should be less. Ideally, workplace, entertainment hub, and lifestyle options should be easy to access. The availability of public transport to reach these place makes it a good hotspot. Property valuer says – “People usually prefer to travel 5 km (maximum) from their home for reaching work place, shopping, and entertainment”

Infrastructure Influences – When infrastructure improves it brings the hike in hotspot property prices. The improved infrastructure like development near the area, new roads, malls, greater connectivity, recreational facilities, hospitals makes it a good place to live in. As improved accessibility puts the direct impact in the livelihood of the suburbs. If any new supermarket is going to build in any location then its a clear indication of future development. These supermarkets are built after the great research and investigation. Try to grab these opportunities the home prices near such area will be low at the initial later there is an increase in their prices.

“Smart investors immediately start their search for viable properties in such area as they know supermarket will bring the crowd there and then in a future home will be required in these areas.”- said by property valuer.

Find catalyst – The another way to find a hotspot property is to find an unexpected catalyst. Some Instances include – Industrial property developments and Universities. The establishments of these two unexpected catalysts that – When they begin their construction will require large numbers of homes for their employees, workers, or students. Mostly the universities and Industries don’t disclose any news of its development and thus general public becomes unaware of the development, and only people of the surrounding area will know that something is up in the wind even they aren’t sure of the news sometime when the area is boarded up and construction begins. Investors grab these opportunities to make money.

It has been observed these areas property price rates go high in the future and even the owners haven’t have to face any tenant shortage,

Thus one can find the next property hotspot. You can hire a property valuer too. They know all ins and outs of the property market and can evaluate the property value accurately.

Feel free to contact us for best property valuation services.

These things are vital to remember while buying a House

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So finally you are planning to buy a dream home. Buying the desired home is a rite of passage. Having a home means owning a place that truly belongs to you. Home gives you a sense of true ownership, freedom, and habitation.

Undoubtedly, everyone wants to be a homeowner but it is not that easy to find a dream and suitable home. Searching for a home can be a tough task. But thanks to the property valuers who are the industry experts and serves as a helping hand while finding a home. As the property valuers know the whole picture of property world.

It is advisable to take the second opinion and think twice before making any final decision related to the property. As buying a home not only demands huge money but also your mind and heart too.

Here are the things you should keep in mind while buying a home –

Know what you want – Buying home is a tough job and when you reveal your planning of buying a home in front of your family and friends they start giving you their opinions and sharing their experiences. No doubt you should listen to them but don’t be a drag by others opinion. Understand what you actually want. The pros and cons are associated with every home. Know your desires, need and want first. Be clear in that, after this hire a property valuer who is the real expert in the property industry. They know well about the current trend and market condition. The property valuers can give you several options present in the market which matches your requirement. Thus you can find your dream home easily with the help of property valuer.

Home size matters – How much big home you want? How many bedrooms and bathrooms you actually need? Because in the market for the residential purpose there are many types of homes are present – residential houses, townhouses, condominiums, single-family homes, multi-generational homes and more. Check your family size understand their requirement and then discuss with property valuer how big home you need. Remember it’s useless to buy a big home if you have few family members to live in. Bigger the home, higher the energy bills, higher the property tax bills, higher the maintenance cost and overall higher will be the property cost.

Uncover things through inspection – Inspect the home wisely and minutely before you buy it. Check the house before you reach any conclusion. Inspection may put the light on the issue or problem that needed to be fixed immediately. Might be current homeowner won’t disclose the cracks and damages in front of you. An issue like pipeline leakage, old electric wiring, sewage issue, roof leakage, foundation issue or many more. Your inspection can bring out such problems (If it has) before finalizing the deal. Because these renovations can cost you much, else you can ask the current owner to get it done for you.

Know your surrounding – Neighborhood plays a vital role in choosing the home. Take a walk around the home place you are planning to live in. See the nearby houses, know the standard of living of people and age of the people who live there and yes, know the crime rate of the area in the locality you are finding a home. After knowing all this if you are finding yourself comfortable in that place then only you should think to buy a home there.

Apart from this know your proximity to office and children’s school, know your budget and monthly mortgage installments and more.

Looking for a property valuer contact us for the best property valuation services.

Know what you don’t know about House Valuation Cost

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People invest in real estate property to earn the good profit for this property valuation is must to take the right decision at the right time to crack the deals in real estate. House valuation is vital to make any decision related to the property. No matter for what you want to do – selling or buying the house, to keep the house on rent, for financing, to know the loan installments, insurance payments, you should know the value of your house and for this property valuation is important.

“Invest in property valuation services to get the good ROI”.

Though there are various types of properties and lands present for which valuation is required like – lands, residential buildings, commercial buildings, rental buildings, public buildings, government buildings, educational buildings and more. For every and each type of property the property valuation is necessary and provided by the valuer.

To avail, the services of property valuation one should know the cost should be paid to get the house valued. The charges of the property valuation may vary as it depends on the several factors like –

Experience – The expert and skilled property valuer cost more than the beginner and navie one costs. As experience matters.

Property value – The fees of the property valuation depends on the value of the subject property. Some valuers charge according to the percentage of the total value of the said property.

Type and size of the subject property – For residential, commercial, industrial property it varies. Remember, the bigger the property size, higher the valuation fees.

How much detailed valuation is asked by the clients – Some clients asked for the detailed property valuation for which valuers charges high.

Locality and area of the subject property – Where the property is situated. If the property is near the city area and posh area then surely it cost high and the charges of valuing it will also be high.

These are the factors on which the property valuation cost or fees of the house valuer depends.

But the good news is there are the companies who are offering services at the low price or at no price. Yes, some companies won’t charge you for providing the property valuation services.

Whereas for some companies the property valuation cost also relies upon how much detail in property valuation report is needed. When asked for a more detailed report, the cost will increase. It all depends upon the property valuation company you hire to estimate the fair market value of your property. There are companies who costs reasonably when asked for property valuation like property valuation Australia.

Paying fees to the property valuer for valuation services people assume it as an expenditure but it is an investment as valuer not only finds the value of the property or house but also suggest the valuable tips which can increase the value of the subject property.

Before selecting the property valuation company, check these qualities possessed by the property valuer –
– Years of working experience.
– Provides an accurate solution to every property related queries.
– Potent enough to provide timely and affordable services.
– Should be a registered and authentic valuer.

And we are happy to reveal that our property valuer possesses these qualities and offers services which suit your pocket.

The process to evaluate the property value in Sydney

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Determining the property value is not an easy task. The professionals like property valuers Sydney should be hired and paid for this. People see it as an expense but truly it is a smart investment. Overall you are getting something worthwhile and that you should aware of. Yes, knowing the actual value of your property is a boon. You must know the right market value of your property. It can help you in paying taxes, buying, selling, renting the property at the right price. So you can make the right deal and earn the profits.

The basic process of property valuation –

Property valuer Sydney uses various methods to evaluate the property value. The basic process is first they investigate the property minutely, collect the data related to the building or subject property or house which includes – Property type, size, location, information related to neighbourhood, amenities associated with it,

Information related to the renovation and improvement done in the property, age, and condition of the property, rooms and bathrooms available, building material quality and type of structure and design and more.

After collecting these pieces of information, then find the comparables and make some calculative analysis consider the local market condition and trend to find the value of the property or house. Which valid for three to six months.

There are various methods to determine the right market value of the house or property –

Kerbside valuation method – In this process, the property valuer will inspect the property or house from outside. No internal inspection of the property is involved in this method. Valuer gathers the data like information related to the surrounding development and find the comparable & note the environmental issues related to the property. Then finds the value through automated valuation model which is a computer generated assessment.

Desktop valuation – In this process property valuer will use the computer and collect the data
and find the property value simply with the available information. The valuer will need not to move from the desktop all can be done by sitting in the office only.

Full valuation – Full property valuation will involve the complete inspection of the property, valuer collects all the data and observes the subject property very minutely. Which includes internal and external inspection. Also collects the pictures of the property. Property valuer will assess the size, location, neighbourhood, shape, topography, also checks the environmental impact on the subject property.
The valuer will measure the size of the land and building, check the number and type of rooms and bathrooms, the property age and condition, its design and layout, and any unique characteristics that could affect and add the value to the subject property.

They also study the market trend, condition, previous sales history and

Calculate the land, property value and deduct the depreciation cost of the property, then evaluate the right market value of the property.

These are the methods used by the property valuer Sydney to find the accurate value of the property. If you are looking for the best property valuation services Sydney then feel free to contact us.

Our experts and experienced property valuers Sydney are happy to assist you.

Co-living spaces soon-to-be-launched in Sydney

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The good news is – In a couple of weeks the co-living properties are all set to start in Australia. As the lots of property investment companies in Australia are curious to reveal its co-living projects in the cities like Sydney and Melbourne.

People believe a co-living space property as – “A shared living space that boosts quality life of its residents or the people who live there.” disclosed by Sydney property valuer. The co-living properties are either owned by a landlord or as a joint venture where units are not to sold out, but to put on rent for longer terms.

In the co-living spaces, the people used to share the living, dining,working, playing and kitchen area but the rooms and bathrooms are privately allotted. The majority of the co-living spaces are offered on the weekly and monthly basis. And on demand the provided for longer-term leases.

Co-living spaces are the best place for creative minds as they can live and work in the same place. It is considered as it helps to improve the personal and professional growth. Also, it upgrades efficient and affordable living, by enhancing the creativity of people and connection with the community.

The culture of co-living spaces is present in Europe, Africa, Asia, America, The US and the business running their properties as a co-living space are doing well. So now it’s the turn of Australia to get the benefits of this co-living culture.

In Ancient times, Human lives in groups, tribes, and communities for years, but as the time passed away this culture was eliminated because of industrial development. So the initiate towards the co-living spaces is a new modernised way to pursue the ancient ritual.

Property valuer Sydney of co-living spaces think – “In this way, more people with same intellectual level can live and have fun together which helps them in their overall growth as an individual and as a community both.”

Property valuers Melbourne observes people say – “Living and working in the same area makes them bore and less interesting. Which puts a burden on work-life balance”. Whereas this not the issue with creative beings. So the co-living space is the best place for creatives.

The cities like Sydney people are making their lives complex by compromising on the work-life balance. The aim of the co-living space owners or business runners is to revive the lives of people by providing the basic facilities like homes, working environment like offices and community areas to enjoy the rest of their time as happy human being.

Co-living space is a place where people can eat, sleep, live, learn, work and play. Where everyone lives as a community and gives a true meaning to their lives.

After receiving some clues from the Sydney Property valuer co-living property owner – the co-living property will soon out in the market for people in the inner Sydney and Melbourne suburbs. It is also termed as a build-to-rent model, this kind of properties comes under long-term growth.

The demand for such co-living place is high as people from Australia are taking such experience from overseas. The interest of people in such properties in this sector is not an issue, but affordability can be.

Is there any difference in property value and property worth?

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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 much is the actual worth of my property today

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The actual worth of any property can be estimated by the expert and professional property valuer not by your real estate agents. There is a misconception among people that –

Why to hire a property valuer, when we have a real estate agent with us?
Why to pay a property valuer when on a single request you can know property value from agents?

Guys, there is something vital you need to understand. We would start from the basics – There are two terms property value and property appraisal.

What’s the difference between Property value and property appraisal –
The difference between the two is – One is the professional way to know the value of the property whereas other one is not the professional way.

Property value is the current market value of the property keeping the influencing factors into consideration, it is calculated precisely by the professional who is expert in this field. This profession requires knowledge about market conditions, good analytical and judgmental skills, keen observer, can study well the previous sells history and work experience. Thus the valuer can draw the accurate property valuation figures along with the detailed property report which carries the complete information of the property that is valued. Even for this professional service, you have to pay valuer’s fees.

On the other side, property appraisers are the real estate agents who can predict the value of property by experience and previous sales. Neither they don’t do much calculations nor they are going to provide you a property valuation reports. In general they don’t charge any fees just on a request they provide their appraisal help.

Now the question arises – How much is the actual worth of my property today?

Why ‘today’ is being added in this? Once you have find out the property value than what’s the need to evaluate the property again?

Property value is the number value that is inconstant in nature. The obvious reason behind this is, it changes frequently. Reason, the factors on which it depends changes. So directly it brings an impact on property valuation figure.

That’s why whenever you think to sell the property think about the valuation services first, ask the valuer to find the current market value of your property and then sell it accordingly otherwise you may have to go through some financial losses.

Find some valuers in your town, ask them to visit your property and with in a week or few days they will give you a complete property valuation report which includes –

  • Address with pincode of the property.
  • Name of the property owner.
  • Council Zoning of the property.
  • Location and neighbourhood of the property.
  • Description of the building and premises.
  • Additional facility available in the property
  • Renovations details
  • Colored pictures of the building.

Knowing the right value of your house is a boon. As it contributes in making the financial decisions. Otherwise, it may leads to financial losses. Hiring a valuer is an investment you make to get good ROI. So Hurry up.. What you waiting for? Contact property valuer and know the actual worth of your property today.