Is the rent that you’re paying fair or are you paying too much? A situation where you are paying too much might arise if the property market has shifted since you signed your tenancy agreement. Market rents normally shift when there is an imbalance between supply and demand, so in times where demand is high rents will be higher, whereas when demand tapers off but the supply remains the same or increases, the prices will decrease. If you are considering getting a rent review valuation then the team at West Coast Valuers can assist you with your needs. We have a team of expert Valuers who have shared their property knowledge with thousands of clients which will give you confidence that any property valuation is a legitimate reflection of the rental value of your property.
West Coast Valuers services Perth and regional WA and we have the knowledge and expertise to value a variety of properties including, but not limited to:
Commercial property;Industrial property;Large commercial spaces;Residential property;Smaller retail space.
West Coast Valuers use Australia’s leading databases, plus our relationships with individuals and real estate agents in your local area so that we can find out information about the property market that might yet feature on the property databases (because they are sometimes not updated for up to three months). The information we use will form the basis of the property valuation and will increase the accuracy of your valuation. In addition to data, our property valuers will also assess:
The property’s condition;The location of the property;The property’s zoning i.e.// is it for residential or commercial property;The size of the property including the usable internal and external space. The usable space may incorporate storage space, bedrooms, balconies or outside facilities.
Our property valuers will review comparable properties to ascertain the most appropriate rental value for your property.
What is a rent assessment valuation?
A rent assessment valuation is an assessment of the rent that should be charged on your property. The rent assessment valuation report that you receive will be 13-15 pages for a residential property. That increases to 25 pages for a commercial property. Every valuation report that our Valuers complete is a sworn legal document meaning that it can be used as evidence in court. If your valuation report is for court purposes then when you contact us on (08) 6245 2131 please let our friendly staff know so your valuation can be prepared appropriately.