There are many reasons why homeowners need to stay on top of their property’s value. This includes setting fair rental or purchasing prices, managing property-related legal disputes and more. Certified property valuers in Perth are uniquely qualified to assist WA homeowners with managing, maintaining and even improving the market value of their homes.
This is done by analysing factors like:
- comparable properties in the area
- location, age, and condition
- economic and local market trends.
With market factors continuously fluctuating, seeking out professional assistance becomes increasingly important. Whether you want to sell your property, refinance your mortgage, or get an idea of your investment's growth, a professional home valuation is the best way to do it.
Valuations are comprehensive reviews designed to determine your home’s value. They offer fair and unbiased estimates, calculated through a transparent process by accredited professionals.
Overall, they are designed to help you make informed financial decisions about your property.
These services safeguard homeowners from undervaluing their most significant asset, providing invaluable insights into market trends and equipping homeowners or potential buyers with the knowledge to navigate negotiations or manage their investments confidently.
Finally, valuations can inform your future financial plans, allowing you to leverage your property's equity, refinance on favourable terms or even explore new and exciting investment opportunities.
Boosting value and making money
One of the prime benefits of a home valuation is the potential to boost its market value. There are numerous ways in which these investigations can help property owners implement strategic improvements to their investments.
For starters, a licensed valuer can help you to identify key ways to update the building.
By conducting rigorous physical inspections both inside and outside the property, valuers will pinpoint its physical strengths and weaknesses. With their decades of experience and comprehensive knowledge of real estate trends, valuers can help homeowners focus and budget for upgrades that will yield the highest returns.
The same goes for renovations and maintenance. A valuer’s service will help to prioritise and allocate resources towards the most valuable renovation projects. This can help to avoid upgrades and ensures that any improvements align with market demands and potential buyer preferences. Many potential buyers stand the chance to underprice their homes when they decide to sell. This, naturally, can lead to a lot of lost value. A valuation increases the likelihood of a profitable sale.
While not a direct value increase, these services also enhance the chances of securing financing. A higher valuation can result in better loan terms, potentially saving homeowners thousands of dollars over time.
Do you require regular home valuations?
A vital advantage of working with a licensed property valuer is their knowledge of the local market. They are trained and qualified to analyse market fluctuations and determine how regularly you may or may not require a valuation, depending on how your property is used and your future plans.
With these fluctuations in mind, planning for the future may require you to enlist a valuer’s services on a semi-regular basis. This ensures that you maintain an up-to-date idea of its market value.
Property values can change dramatically from year to year, after all.
Most valuers will generally recommend you seek out a valuation every two to five years. This helps homeowners stay informed and make strategic decisions about home improvements and pricing strategies, as well as home equity for refinancing purposes.
In addition to calculating property tax, valuations are essential for estate planning and building insurance purposes. Regular service will ensure that you obtain accurate coverage and a clear picture of your property's worth in case of any unforeseen events. Another benefit is tracking the performance of your investment over time. As the market fluctuates, you will be able to understand its effects on your property’s value and adjust your financial and long-term plans according to this information.
If you have any questions on home valuation, reach out to one of our qualified valuers today and we’ll supply you with a free quote on the service.