Misconceptions associated with the property valuations
People involve themselves and their money in real estate with great expectations. Which often leads to disappointments and they start carrying some notions in their mind which are not right and needs to break down otherwise people will tend to live with these myths and which is not often right.
Property valuers Perth often try to explain the concepts behind the valuations. Here we are listing down some preconceived notions which are complete the myths and should not associate with the property valuation.
- Swimming pools are highly valuable – People have the misconception that pools increase the value of the property. But to be frank, pools directly cannot increase or decrease the value of the property. The geographical location of the property matters. Swimming pools are the best with the area with the high temperature. Also to whom you are selling your property matters a lot – if you are offering it to a family with children tend those families are ready to give the high price for such properties, on the contrary, you can’t expect the high money from old people for properties with swimming pool.
So swimming pools play no certain role in increasing or decreasing the property value.
- Painting homes will bring more money – Undoubtedly, painting home will bring the good value of the home, as it helps to give an all-new look to the home. But alone painting and whitewashing will not do the favor. You have to repair, repaint and renovate the property as per the need and requirement. If floors are not in right condition then you may have to change the flooring, or else you have to place the carpet over it to make the look and feel of the home right.
- Investment in commercial property is riskier – People often carry myths that commercial property investment is riskier in comparison with residential property whereas if you do the investment in right commercial property at the right time then you can make profits out of it. Property Valuers suggest to look at the location, study the market, investigate the property before investing money in real estates.
- Property prices will always go high – It’s not like if you invest in real estate property then the value of the property will always increase. Sometimes it decreases. As the property value is dependent on several other factors. So the property value will increase or decrease as per the condition. The condition of the local market, the economic condition, and more. So never attached to this myth that you are going to have favorable conditions always.
Well, if you take advice from the property valuer than you don’t have to face trouble. Their industry experience will help you in finding the right property value and saves you from trouble. Perth Property Valuer clears the concepts of their customers who think and work in real estate with misconceptions.
Property valuers Perth executives are very co-operative, One should hire them to get the right valuation services.