A property valuation in Brisbane is the most dependable method of getting an accurate assessment of your home. They are spearheaded by qualified property specialists known as Certified Practising Valuers.
These experts understand exactly what makes a home valuable. Knowing what a valuer considers important can help you improve the market value of your property.
Professional valuers are registered with the Australian Property Institute (API) and closely follow international valuation standards. Each one has undergone extensive training to provide them with the necessary skills to perform thorough valuation reports.
Every regulatory and legislative standard is met, and the reports can be used in a range of legal and private negotiations or transactions. Understanding the value of your home can prove incredibly useful in a number of circumstances.
As a legally-recognised report, the valuation is considered definitive proof of the true market value of your property. This can prove beneficial in a number of ways, including serving as effective pre-sale guidance.
How to increase a property valuation?
With home valuations serving as official proof of true market value, you’ll want to do everything you can to maximise its value before the inspection. People are consistently asking themselves the question, “what adds the most value to a house?”.
The last thing you want is for a valuation to come out with a less-than-expected amount assigned to your home. By taking the necessary steps, you can avoid any unexpected disappointment.
A few of the most effective ways to improve your home’s value are:
Maximise the floor and storage space
The available space is a key part of a home. Nobody wants to live in a cramped and undersized apartment. Living comfortably is crucial to a happy life.
Getting an internal designer to help you maximise the floor space in your home can lead to an improved value. On the other hand, storage space is just as vital as homeowners will need a place to keep tools, vehicles, equipment, machinery, and whatever else they may have.
Upgrade the kitchen and bathroom
The kitchen and bathroom are often referred to as the heart and lungs of the home. They form a crucial part of a valuers inspection when determining the value of a home.
Renovating these rooms to be more modern can lead to improved value. Spa-like bathrooms and spacious kitchens are appealing to investors and buyers.
Improve the street appeal
The front of your property is the first thing that investors see. This makes it a hugely important factor when it comes to value.
Keeping your lawn neatly cut and your driveway in pristine condition can ultimately lead to increased value for your home.
Install energy-efficient systems
The desire for clean and green homes is growing at a rapid rate. Installing energy-efficient lights or having a solar energy system in place can do wonders for your home’s value.
Remember though, solar energy can be costly to install, and you will need to think about the potential costs vs the potential benefits.
Clean and declutter
People often underestimate the importance of cleaning a home before a property valuation. While cleaning won’t necessarily boost your home’s value, it allows the valuer to focus on providing a proper assessment.
An untidy and cluttered home can lead to valuers missing key factors when preparing reports. As such, you always want to remove any rubble and dirt in and around the house.
Take care of repairs
Finally, you need to make sure your house is fully functional. Any broken pipes, damaged walls or doors, and faulty electric systems should all be taken care of.
If a valuer picks up on certain elements of the home being dysfunctional, it will likely result in a reduced valuation amount.
What are the external factors affecting value?
Unfortunately, some of the key determining factors of your home’s value are out of your control. Not everything can be changed to work in your favour, and you’ll have to come to terms with the fact there are certain external considerations that play into the final calculation.
A few of the key external factors impacting value are:
- The location: A hugely significant consideration. Valuers will review the area’s reputation, the crime rate, the proximity to school zones, hospitals, and public transport, as well as noise levels and the look of the neighbourhood.
- The environmental risks: If your property is in an area that is subject to potential environmental risks such as storm or hurricane damage, floods, or there is a low quality of air or water, the property’s value is directly affected.
- The existing market conditions: Of course, market conditions play a massive role in the value of your home. The housing market is one that is subject to constant and occasionally instant change. This means that valuers need to stay on top of conditions at all times to ensure accurate property valuation reports.
In conclusion
If you own a home and would like to know its true market value, getting an independent property valuation from a trusted firm is your best bet. The last thing you want, however, is a valuation that leaves you disappointed in the final figure.
Understanding what valuers look for in a home can help you improve the value of your property prior to an inspection. By taking a few key steps, you can maximise the worth of your home.
Cleaning and decluttering, upgrading rooms, overseeing renovations, and keeping the property well-maintained will all boost your home’s value. There are some external factors such as location and market conditions that also play a key role in the final calculation.
For more information on how you can make the value of your house higher, speak to one of our qualified experts today. Our experienced professionals can provide you with all the answers you need.