Owning property can be huge asset. It can also be a huge commitment. When you’re still paying off your mortgage it will be both, so it’s in your best interests to protect the asset. One way to protect the asset is to get your property valued so you know your financial position. This is especially important if you still have a mortgage, or if you’re considering purchasing a second property. When you know the state of your finances you are better equipped to make a decision or take action. The internal accounting valuation could tell you that you’re ready to purchase an investment property or undertake renovations, or you could find out that you don’t have enough equity in your home to buy an investment property. Either way you will be armed with the knowledge you need so you can figure out what to do next.
West Coast Valuers take customer service seriously and we will always endeavour to help you when you want to assess your financial position. Our property experts will first find out what your valuation requirements are and will then tailor our valuation approach to meet your wishes. We realise that just as no two clients are the same, no two properties are the same so your valuation report will be based on the individual property itself.
Our team of property valuers all have the skills and experience to create a property valuation report that is fit for purpose. Many of our past clients have included individuals, lawyers, conveyancers, real estate agents, businesses, property developers and accountants. We value property for a variety of property types such as:
Commercial property;Small office space;Residential property;Retail spaces.
Whatever the purpose, our expert property valuers can help you with your property valuation requirements.
Why should you get an internal accounting valuation?
It’s really important to know the state of your finances, especially in uncertain times when property prices are subject to fluctuation. Our property valuations are useful for private or business purposes and can give you an idea of how much equity you have in the home. Knowing the value of the equity you have in your home can help you when it comes to making financial decisions. It can also help you plan for the future. Many of our previous clients have used the equity in their home to make financial decisions like:
Accessing the equity in your home for renovations for another purchase;Anticipating your future capital gains responsibilities;For personal interest;Deciding whether to hold onto the property or to sell it;Whether or not you should rent the property out;Whether or not you can afford to buy a second property;Refinancing.
An internal property valuation may give you clarity around how much you could afford to pay for a second property. Often people’s ability to buy a second property is dependent on the value of the equity they have in their existing property.
Planning for your financial future is important and when you have an internal accounting valuation you will be able to plan for your future tax obligations. That is because the amount of capital gains tax you pay is dependent on the value of your property. Being able to plan in advance means that you can set money aside and the risk of paying your tax late is significantly reduced.
Why choose West Coast Valuers?
West Coast Valuers is a leading valuation firm that has operated for over 20 years and belongs to the Australian Property Institute. We have an excellent reputation and are the preferred property valuer for many of our clients. Before joining our company we ensure that each of our valuers has at least 15 years of property valuation experience. We are committed to the highest quality of service and are available on (08) 6245 2131.