Sydney Residential Property Valuations
Sydney Property Valuers Metro is one of the city’s leading providers of residential property valuation services. We have a wide reach. From Camden to Mosman and beyond, our residential valuation team caters for the entire Sydney metropolitan area. Our house valuers assess such residential properties as:
- Freestanding houses
- Semi-detached homes
- Villas
- Townhouses
- Strata units
- High-rise apartments
- Englobo subdivisions
- Off-the-plan sites
Each property type would have unique considerations. Only experienced valuers would be able to determine what is required for each report and its use.
How can you use a house valuation?
House valuations that have been produced by a certified valuer are sworn documents. Not only can they be used for legal matters, but they can be very beneficial in other situations. Examples of how house valuations may be used include:
- Ensuring you don’t overpay for a home or residential investment
- Calculating your capital gains from selling a property that was not your main residence
- Securing a home loan or refinancing your mortgage
- Planning the renovations of an investment property to maximise your return
- Determining the fate of a home in Family Law Court or mediation
- Acquiring fair compensation following a compulsory acquisition
- Transferring homeownership between partners or relatives
In most cases, a residential property valuation is conducted to report on the home’s current market value. As such, the report would be considered a valid and accurate representation of the current value for up to 90 days. To learn how much your house was worth in the past, you would need what is known as a retrospective valuation.
How are independent house valuations completed?
There are three ways an independent house valuer in Sydney approaches a house valuation. They may complete a full inspection, or simply inspect the property from the kerb. Remote valuations are also an option, which requires no inspection. Their approach determines the cost of the report and its accuracy.
Contributing to the precision of a residential valuation report are the many considerations that were accounted for which include:
- Where the property is located (city/suburb, street location, site orientation)
- The distance from local amenities (shops, schools, public transport)
- When the home was built and its present condition
- Council and zoning restrictions
- Strata obligations and entitlement
Once all relevant data has been accumulated, the valuer then uses the sales data of comparable residential properties to calculate the current market value. This is known as the direct sales comparison approach and is generally considered the most common and versatile method of valuing residential property in NSW.
Why hire our residential valuers?
To ensure the best from your residential property valuation, you need to hire the right professional. By choosing Sydney Property Valuers Metro you can expect:
- Objective reports from independent house valuers
- Residential experts with over 20 years of experience
- Fast turnaround times with most house valuations completed and sent within 48 hours of inspection
- More accurate reports than bank valuations or real estate appraisals
Call the residential team today on (02) 8599 9840 or reach out via our convenient contact form anytime. We’ll respond as soon as possible.