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Well written commercial property valuation report

Qualities that must be present in the tenant

Putting out your investment property on rent is tough decision because bad tenants can put harm to the rental property which in future turn out as a big expense. Repairing, renovating the rental property once the tenants left the property becomes an unwanted expenditure for you. Better to choose right tenants who keeps your property well up-to-date and in order. Those who pays rent on time and loves cleanliness. This can save you from unnecessary expenditures.

To decide the right rental price of the property and to know the actual market value of the property contact Brisbane Property Valuers. They will guide you well related to the property matters and saves you from future expenses.

Here in this post we are sharing the tips how to select the best tenant. So we have created a list of qualities a tenant should possess.

Good credit score and income – Investor or homeowner puts the property on rent to earn good monthly rental income what if tenant doesn’t pay rent on time? Definitely it becomes a thorn in the flesh for the owner. Choose the one with good credit score. For reference check the previous records of the tenants. Their history can predict the future. Also you can ask the tenant about their job, profile, working experience and income just to know their financial capability. Will they be able to pay the rents on time?

You can ask them for salary slips and good tenants won’t hesitate to share those details. Make sure the income should be three times the rent of the property. Then only renter can easily pay the monthly rent on time.

Stable – Good tenants are stable and love to have steady life. Stability indicates the reliability factor of the tenant. Stable tenants pay rent on time and stays for a long time in the same property. You can check their previous records of job and rental history. This would help you to know well about the tenants before choosing them. If you found they frequently switch from one property to another than they are not the right tenant for your property. Because choosing the renters who shifts the property fastly creates the trouble for the owner to find the new tenant every time and it requires time, energy and resources. Better to choose the one with longer stability.

Honesty and cleanliness – You may have heard -”Honesty is the best policy”. Yes, it should be in your tenant. Check their honesty by asking them some questions related to their job, previous landlords and try to investigate. If you find them honest them you should allow them in your property otherwise not.

Also, you should visit the place where they are living currently(if possible) just to know how they keep the rental property. It is important to choose the renter who keeps the property clean, neat and tidy. Otherwise in future being an owner you would have to face so much property related issues cause of a bad tenant.

Make sure your tenants should hold these qualities. Even you should hire a Brisbane property Valuations to know the rental value of the property. For best property valuation services contact us.

We provide certified property valuation reports in Brisbane. Get in touch now to speak to a professional.

Creative ideas for making your real estate investment easier and profitable

Real estate investment brings lots of hope for investors with the aim to earn money. But do you really think – Real estate investment traditional ways can help you in earning lots of money? No, the biggest reason behind not following the traditional methods is it takes too much time and possesses long-term plans and policies. To get the instant profit and to generate quick revenues. One has to imply the creative ways of real estate investment.

Well, you must be wondering if you are naive to the real estate property investment. You can hire a residential property valuer to guide you while making the investment decisions. Here we are revealing the creative tips for real estate investors for making more money in the business of property investment with fewer efforts.

House flipping – The smartest way to make an investment in the real estate industry is via house fixing and flipping. First, you have to buy an investment property of lower market value and then repair it, improve it and then sell it to the home buyer who is searching for a sweet home. You can sell the house to the buyer at more price than what you have actually paid. Making amendments increases the value of the house to a large extent. You can even hire a residential property value to guide you which improvements give high returns on investment.

Live and keep it on rent too – This is also an impressive way to earn money. While living in the property you can put the extra rooms and space on rent. This helps you to earn money. If you have purchased a property for yourself then pay your home loan instalments by putting the extra floor, rooms, space whatever you have, you can keep it on rent. This helps you to earn good rental amount and which helps you to pay off your monthly home loan instalments.
Also, if you are earning more rental income then home loan instalment then you can save that extra money and later you can use for home maintenance. Thus by the end of some years, you will have your own home without paying much from the pocket. As you were utilising the rental amount in paying the home loan.

Provides a replacement for tourist – Giving a chance to tourist, and visitors to live in your town like a local home is another creative way of property investment. Yes. Like Airbnb, TripAdvisor, Homestay, Vacasa, Aura rentals services you can put your property on rent for short term. It’s putting your property on rent for visitors and tourist. Thus you can earn good amount of money from your extra space that you have. Even you can buy an apartment or you can convert your home’s extra space into the profitable business area. All you have to list your space or property for rent on these sites Airbnb, TripAdvisor or any on which you rely and start earning money while living at home.

To get more creative ideas, contact our property valuers Brisbane. They are expert, certified and qualified. Feel free to contact us for best residential property valuation services.

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Ways to add color to your rental home

Buying a home becoming an owner is everyone’s dream. But to fulfill this dream is tough for many because it needs huge money to buy a home and many can’t afford to own a home. So the option that eventually comes in their mind is renting. Yes, they pay the monthly rental amount to live in their home. But living in a rental home comes with many restrictions as you can’t design or reconstruct it as per your need and want. Even you can’t paint your rental home according to the color of your choice. As overall it’s landlord’s property. But here is the good news for those who love colors and like to live in a place full of hues. You can add shades to your rental house without painting the walls (as it is not allowed to tenants). You can also take advice from home valuers as they know how to make home impressive.

Here are ways to add color to your rental home –

Use of colorful bed sheets, sofa covers, curtains, and pillows – The best way to add colors to your home on a temporary basis and which is affordable too is buying a bright and colorful sofa and bed covers. Choosing bright and happy colors helps you to keep your mood fresh and energetic. Beautiful curtains with nice designs hold the power to add a new flavor to your home. You can mix and match the pillows with bright and light color to give it an all-new and impressive look.

Arts and paintings – Not allowed to paint your wall no issues. Hang the oversized or small sized paintings with bright colors exhibiting the kind of art you love. Say classy, modern painting, posters. Choose the one which you like the most, hanging paintings on the walls can add color to your home is an effortless yet effective way.

Add color to your floor – Now living in a rental home will be more excited when you add color to your floor. Yes, you can bring carpets, rugs of vibrant colors for every room of your home. The best thing about these carpets and rugs is they come in all sizes, colors, and materials. You can bring the one which you like. Thus it is the coolest way to add colors to your floor.

Bring shrubs and home plants to your home – Choose the small plants with colorful flowers and shrubs for your home. Place them in the corner of your living room, balcony, or small terrace, it is a great way to add color to your home. Keeping plants inside the home keeps the air fresh and environment clean. Thus you can add color and health both to your life and home. Terrace garden and kitchen garden is a new way to grow and get fresh vegetables at your home.

Paint your furniture – If you have your own dining tables, center table, chairs then you can use your creative on it well. You can paint your chairs, tables with different colors to give them a new look.

Adapting these ways can help you to add colors to your rental home. For best home valuation services you can contact us. We have a team of expert property valuers.

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Highly necessary to avoid these mistakes while buying your first home

Buying the first home is one of the biggest dreams come true. Buying home is a tough task in itself as in both the cases when we have abundant of choice and when we haven’t. So mistakes in such cases are quite normal when you are buying the home for the first time. Here in this blog post, we are explaining the mistakes which one should not make while buying the home and providing the solutions too

1. Buying home emotionally – Home buying brings a kind of excitement in us which leads to having home buying emotionally. Ideally while buying a home one should buy home rationally rather than emotionally. It’s imperative to understand that buying your first home is not the end it is the beginning. It is your first step in the real estate property world. You should buy a property which gets the capital gains.

Buy a property which gives you good returns on investment in the future. A home with a great location is a good option for first home buyers. The value of those properties raises by the time. Sometimes buyers overpay in order to buy the property which is not right. It’s good to hire a home valuer who evaluates the actual market value of the property thus it prevents the buyer from overpaying.

2. Disregarding the other costs – Being a first home buyer most people aren’t aware of the other costs associated with the home buying process apart from purchasing cost. The stamp duty cost, property insurance, property tax, and other legal costs which includes transferring of the ownership and all. The cost of moving goods to a new home and other. Likewise, there are so many costs an owner has to pay while and after buying the home.
Most of the people haven’t included these cost in their budget which leads to breaking their banks. Better to understand and calculate every expenditure and make your budget so you can manage your finance well.

3. Failing to plan the financials rightly – There is a difference in between the two – what you have expected to get as a loan amount from bank and what the bank is really ready to give you. This difference can fail your financial planning to a large extent. So better to plan your finance on the real grounds. The pre-approved loan amount can help you to plan and manage your funds appropriately.

4. No hiring the professionals – This is the biggest mistake that most of the first home buyers do. Not hiring the home valuer, real estate agent and considering paying their fees is an expenditure. Brisbane Property Valuers helps you to know the actual market value of the property they are the property market experts knows all ins and outs of the real estate property world. So better to hire the home valuer. It is an investment in order to make the right property buying decision which is very crucial for you.

These are the mistakes which one should not make while buying the first home. You can contact us for the best home valuation services our expert home valuers feel happy to assist you.

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Know how Queensland’s Brisbane property market is ahead

In Australia where the property prices are falling everywhere, only a few cities are showing the positive sides and ray of hope Brisbane of one of them. The investors keep asking – Is it the right time to invest in the Brisbane property market?

Cause investors can sense the opportunities the Brisbane property market is holding all they need is the confirmation from the home valuers or experts. As the real estate properties in Brisbane are more affordable, with higher rental yields and on predicting the future of the market looks bright.

Yes, It’s right the Brisbane property market is performing at its best and estimated it will continue to the next few years. Some areas of Brisbane showing the strong potential growth where the selection of right property in these areas can give long-term advantages. Still, there are some submarkets in Brisbane where investment in not advisable by the property valuers Brisbane experts.

Brisbane  real estate property market prices –
In reality, housing values of the Brisbane property market remained unchanged with 0.1 percent growth over the past three months. But it’s not like all Brisbane properties are performing well some areas are overperforming while others are underperforming.

Due to an immoderate supply of real estate properties and apartments in Brisbane, the property market of the Queensland’s city was getting negative attention. However, condition changes and Brisbane unit values are now going higher.

Brisbane’s average rental yield –
The rental yields are increasing yet slowly in Queensland this is making investors happy. According to the report, the Brisbane units price was rental yield was closer to 5 percent and houses gross rental yield was noted 4 percent.

Brisbane’s average Capital growth –
On comparing the other 2 east coast capital cities Brisbane property prices are found more affordable. According to the expert’s prediction out of ten one house in Brisbane will get more than Million dollar in 2 years.

The Brisbane property market drivers are now strengthening the city housing market is likely to record positive growth in the order of 3 percent to 5 percent.

When many other markets are languishing the Brisbane’s property market to continue to perform well at a time. As the affordability rate of the median house in Queensland’s Brisbane is far lower than Sydney and Melbourne. Even Brisbane houses are giving high rental returns which are influencing the interstate buyers to make an investment in Brisbane properties. Along with this the rise in the interest from foreign investors.

According to the report, the migrants from overseas are showing their interest and settling in Queensland. Good Infrastructure also helps to pull the home buyers towards it.

Developed infrastructure means new job opportunities and an improved economy. The million dollar working projects in Brisbane are the signs of the development and indication towards housing market is working well. As the infrastructure is driving factor for real estate property market that should be considered.

Hire the home valuer Brisbane for best property related suggestions and Brisbane home valuation services. Feel free to contact us.

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Know how much money is required to renovate a home and apartment

Renovation of a property is made with various points of view and with different expectations too. Some want to increase the value of the property, some want to extend the carpet area, some have desires to make it aesthetically appealing.

Your amount of money spends on renovation completely depends upon the reason for renovation. If you are doing for your own just to increase the look and feel of the property then it is completely fine but as a home flipper or an investor if you are renovating to increase the value of the property then you have to think about the budget first.

Know the property value first and then decide – Hire a property valuer for property valuation services and know the exact value of your property before the renovation. As property valuer suggests to spend the 6 to 9 percent of the property value on the renovation.

For example – If your house worth is $6,00,000 then you should spend 6 to 9 percent of it. That is $36,000 to $54,000.

House Valuation Brisbane suggests that – “If people are spending more than 9 percent on the renovation means they are over capitalizing the property.”

Moreover, the amount of money spent on the property renovation depends on locality and prospective buyer. If the home is in the nice or pouch area then definitely it demands some more money as buyers will look for high-quality things and brands in the home.

Ideally one should spend below 10 percent of the property in its renovation. Though people want to convert their home into their dream home so they can spend more on renovation.

Think about adding value to home through renovation – If you are a homeowner and doing renovation for your own house then you are a free bird, just check your finance and plan accordingly. But being a home flipper or investor you should think twice before bringing your renovation plan into execution. Because your purpose of renovation is to increase the value of the property. Think about your renovation plan is truly adding value to your investment property or not.

Some renovation changes like painting walls, changing floors, replacing old carpet with a new one don’t need much amount of money. But if you are planning to eliminate wall between the kitchen and living area then you need a big budget to do so. Though undoubtedly it increases the value of the property to a huge extent but makes sure you have sufficient finance to manage all this. For example – You may want to replace your kitchen’s top but it will cost you more, better you should look for the one which does the same job.

The property valuers suggest – “Choose the middle path between overcapitalisation and scrimping because this is an endless journey where expenses may touch the sky while renovating your home or property. So it is advisable to check out your renovation plan prior and make all the calculations then start renovating it.”

Contact us to hire a property valuer for the best property valuation services.

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Australia’s property prices fall fastest in the last six years

Australia’s housing downslide is at its boom. It has been noticed that the property prices in Australia fall fastest in the last six years. In Brisbane and Melbourne the property prices are falling rapidly and in Perth and Darwin, the falling figures are driven by a long run.

The reasons behind the Brisbane slowest market till now is higher borrowing costs and unaffordable dwelling prices. The median house price in the capital cities has declined over the past few months. The steepest falls noted in the Melbourne and Perth.

Where the Hobart, Brisbane and Adelaide housing properties were up the other capital cities like Sydney, Melbourne, Perth, Darwin, and Canberra faces the major fall in property prices.

The House Valuation Brisbane company Brisbane Property Valuations says – “The biggest housing prices fall were occurring in areas where the market is premium.” In Brisbane , the dwelling values are down by 8 percent in the most expensive area of the market and 1.8 percent fall is noticed in the most affordable quarter of the market over the 12 months.

The dwelling price to the income ratio was found 8.1 in Melbourne and 9.1 in Sydney in the month of June 2018.

Property valuer have notified the “worst is yet to come” and that dwelling prices will go down further as demand falls at a rapid rate than the decrease in property’s stock. They have estimated the dwelling prices across the capital cities of Australia could drop by up to 5 percent a year, on top of the 2.4 percent slide in the year to July.

“National home values in Australia is continuing to fall, 0.6 percent dropping has been noted in the month of July 2018.” The economist predicted that – “Price will soon be falling even at a faster pace.” this is the worrying factor.

On comparing the housing sells data seven-year back and home sales in the month of March 2018 is found that the march declination was larger than it was seven years ago. The larger decline was noted in the number of new listings.

The decline in retail spending in the month of July is also a reason for falling dwelling values in Australia. It is suggested that Australians should be prepared for elongated housing downslide as the tighter credits and higher mortgage rates are affecting the dwelling values to a higher level.

The figures are very shocking – Australia’s home prices continue to fall from the last ten months and noted in the month of August also. Some economist says – Over the next four years these values could slide by 12%. A study revealed that Sydney and Melbourne home prices may decline by 15% in the year 2020.

Australia’s housing values are falling. But if you want to buy a home in Australia. The property valuers Brisbane will act as a guide they are the professional who knows everything about the property value and property valuations. Contact property valuers Brisbane to get the best value of your property.

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Know why Brisbane vacant properties are filling fast

As per the new property report released – “Australia’s southerners are shifting to the northern part of the country like Brisbane and Queensland.” It has been observed that the Brisbane and Queensland rental vacant properties are filling up fast as the demands are rising. Whereas the nation’s largest city Sydney is having more empty houses though property owners are trying well to hold the tenants, by lowering the rental amounts.

The report stated the facts are – Brisbane rental vacant property rate fell to 2.9 percent in July which is continuously falling from the last 5 months. It is estimated that in Sydney 20,000 residential homes are vacant whereas in Brisbane these numbers are around 9000, which is comparatively very low. Despite low vacant properties, the rental rates are firm in the Brisbane. As the demand is rising every day the vacant property ratio is declining.

The asking rates in Sydney are still highest in the Australia i.e $707 a week for a house with three bedrooms. Though the vacancy rate in Sydney is recorded the highest in the last 13 years. Where the number of vacant houses are more.

The property valuers Brisbane figure out the reason behind leaving the Sydney is – “People now are moving in the northern areas to find more affordable housing, better standard of living and in the search of better job opportunities”.

The research says – “12 percent rise in demand for rental properties in Brisbane in the past 12 months”. Showing these figures the experts say the surplus rental property in Brisbane will soon be occupied in next one year.

The Brisbane economy has been improved and better jobs are available whereas the Queensland economy is also recovering.

The prospect renters are more interested in these suburbs of the Brisbane like – Holland Park, Newmarket, Greenbank in Logan, Camphill, Windsor of Brisbane. The Brisbane is well on the demand of the renters. So it’s not surprising to see the fall in vacancy rates.

The properties in Sydney are expensive, rents are high, sick traffic which makes life miserable in Sydney, according to the people who are leaving and want to leave Sydney. People want to live in the place where they can afford a house with a secured job and where they can enjoy the quality life. The main reason behind the leaving Sydney is people are feeling stressful there, to maintain the work-life balance is becoming difficult for them. Whereas they are feeling more comfortable and getting the quality life in Brisbane and Queensland.

Whether you are selling or renting your property in Brisbane or anywhere in Australia, getting the experts advice is the great way to move ahead. First, know the property value via opting property valuation services and then decide the rental amount or selling price of your property.

If you are looking for the best property valuers in Brisbane, then feel free to contact our expert property valuers Brisbane they are always feel happy to assist you.

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Smart ways to increase the value of your commercial property

Investing in the commercial property gives you a good return on investment and the most lucrative opportunity for the real estate investors as they purchase the commercial properties and put them on rent. Whereas the question is how they can evaluate the rental value of the property? For this commercial property valuation is needed. And obviously, you want the best property valuation figures for your property which gives you a good rental value.

Know how you can increase the value to your commercial property and get good returns –

Make property aesthetically strong – Improve your property is a wise way to attract the tenants. The small amendments to renovate the property like – change in flooring, painting the interior and exterior, installing or improving the heating or cooling system, extending the shop sizes by using the wasted area you had and these types of renovation won’t cost you much and after this you can ask for the tenants for higher rent as you are providing the good working space.

Big renovation like the structural improvement or constructing the new building on the place of an old and deteriorated one brings huge involvement of the money and time. But if you are sure to get good returns on this investment they surely you should go for it.

Example – Constructing a new property (with offices and shops) in place of old warehouse which is located in the commercial area is the right decision which can helps you to generate more income in a better way, as the sales value has increased after renovation. In these matters, you can take the suggestion of the commercial property valuers Brisbane as they possess good market knowledge.

If you give old, shabby, uncleaned, unattractive building then tenants pay less for those buildings and on the contrary, if you offer a fresh, attractive, organised and well-maintained building then tenants are ready to pay high rents also.

Keep the rental price as per the market – To be in the real estate world and make profits, you should know about the current market trends and condition. Keep the rental price of the property as per the market. The too high in rental value will keep potential tenant away from you. Also, this can make your property vacant and empty for a long time leads to a decrease in property value. Whereas the too low rental value won’t match the profits you had desired of. Ask the real estate property valuer and fix the rent that works well.

Add amenities – Look for the high tech and digital ways to add facilities to your property like installing a digital security system, installing air conditioners and heaters, offering wifi zones to attracts the more tenants. You can too add the facilities like – small waiting lounges, playground, courtyards, praying rooms, lunch area etc. so people can enjoy the workspace and likely to have more interest in your property.

These are the sure shot smart ways to increase the value of your commercial property. Contact us, if you want to know anything more about the commercial property valuation services. Our expert property valuers are always there to help you out.

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Know what expert says to remember while making a deal in real estate.

Buying and selling the property is the cumbersome process when you are naive to the real estate business. No idea at what price you should sell the property or keep it on rent annoys you. Though the property valuation services can give you the idea at what price or offer one can sell the property but unfortunately people ask for property valuation services after the offer accepted by the buyer. This leads to making a wrong deal. Here are the few tips or experts advice on how and what you should do while buying or selling the real estate property.

Call a valuer before offering a lucrative offer – Property valuation should be the first process before selling or buying the property but unfortunately, it is not. Before making a real estate property decision, call an expert property valuer for the advice.
Being an owner you should know the right value of the property which helps you to sell the property at the right price. Deciding the selling price more than the appraisal value may lead to losing the prospective customers. Whereas low price than actual property value puts a dent in the owner’s profit margin.

Low price always doesn’t work – Buying a property needs a huge amount of the money. Obviously, low price property can entice the buyers. But an expert says it won’t work always. As the property comes with various influencing factors associated with it. Seeking only for the low price property leads to having a concrete structured building only. Not the property which brings good returns on investment.

Also sometimes the owner sells the property at a low price in order to pull the customers. Instead of making the price low owner should smartly display the features and facilities associated with the property which can be a nice way to grab the customers attention.

Know the qualities, the property should possess which grabs the customer’s attention –

Where it is located – Location matters. The value of the property is directly proportional to the location. Central or prime location from where the accessing and commuting facilities are easily available to the important and various parts of the city costs high. The area with high profile offices and companies is the desirable location for both the residential and commercial purposes But are very much expensive.

Some real estate builders prefer to build the property in the outside area or peripheral area the city, where the property prices are not too high cause they are far from the central location.

As per the convenience, priorities, and pocket strength, the customers should decide which one is best.

Amenities associated – The word ‘house’ indicates the where our heart stays, the place where we can rest, rejuvenate our mind, body, and soul. The perfect place to escape from the fast competitive world. Where we can be ourselves. Then what kind of facilities it should have. Obviously, the green park, playing and swimming area, tennis & basketball court, gym and yoga halls, club and party houses come into demand. It is not like longer luxuries we are demanding it is the facilities that make home a complete place to live in.

Here are the tips to remember before buying or selling the real estate property. What you are waiting for. Contact the best property valuation service provider company to get in touch with property valuers so you can make deals effortlessly and flawlessly.

We are expert property valuers that provide services throughout the state of Queensland

Methods to evaluate the commercial property value

Commercial property is the property used for a commercial purpose like offices, restaurants, retail stores, clubs, shops, malls, warehouses, garages. These properties are design with the intention to generate profits. Whether you want to purchase, sell, put it on rental basis you must aware of your commercial property value.

The undeniable fact is — it is much easier to evaluate the residential property value in comparison with commercial real estate property value. Because finding a comparable for your commercial building is very tough task and tedious too. So it is better to hire a property valuer Brisbane, who can evaluate your property value easily and accurately. A valuer is a person who takes all the influencing factors into consideration, inspect the property minutely and then evaluates the right value of the property.

While determining the actual market value of the commercial property, the uncontrollable factors like economy value, market conditions come into picture. Cause of these factors the commercial property value varies so much.

Basically three methods are used to find the commercial property value –

Cost approach – The cost approach is used to evaluate the property value, as finding the comparables of commercial building is very difficult. In this method, the valuer finds what will be the cost if replica will be made. Example – the commercial building of which you want to know the value, Valuer find what will be the cost of creating structure alike the subject property. The current price of land, building material and construction cost and other cost paid to build this commercial building. Calculating all the costs one can know the right value of the property. This is called as cost approach.

Sales comparison approach – As the method’s name is ‘Sale comparison’. So the sales comparison is made between the subject commercial property and comparables. Comparables are the property which are sold out in recent months and is nearby the subject property. It looks like a subject property and moreover the type of property is same.

Example – Property A is subject property of 3000 sqft land area and 2 floors building with
Having 2 big size halls, 10 medium size shops. Whereas the property B which is sold out in the last month with 2500 sqft land area and 3 floors building having 5 big sizehalls, 7 medium size shops, 3 small size shops. This is called comparables.

The Sales comparison method is mostly used for residential purpose. As finding a comparable is easy in residential buildings. It is essential to have a comparable if you want to estimate commercial property value via sales approach. Without comparable it won’t be possible to go and find property value via this approach.

Income capitalization approach – There are three elements used in this method. Income i.e Income generated from the property, ratio i.e capital ratio and value i.e value of the property. The value can be determined with the income from the building to the capital ratio.

Commercial property valuation is tough and required in the fixed interval of time. Better to hire a commercial property valuer to get the accurately estimated commercial property value.

We complete local property valuation reports in Brisbane for a variety of purposes.

Why do house valuations vary and which factors affects the property prices?

Property valuation is the definite economic value of the property that is determined by the qualified property valuer, it is the dynamic value that changes frequently. The real estate investors know the importance of having the correct valuation. As it saves you from making wrong financial decision. The property valuation act as a guide to make the correct decisions in the real estate world.

There is a difference in property value and property price. Property value is something that is estimated by the property valuer by gathering information related to the property, doing some calculations, previous sales history, and keeping all the influencing factors into consideration, the property valuation Brisbane determines the value of the property.

Whereas the price of the property depends on – the cost at which buyer is willing to pay for and the seller is ready to sell the property is called as property price.

It is not necessary that property value will be equal to property price. Here are the factors that affects the real estate property prices –

Property’s Location – Where it is located? near Airport, Bus and train station, near school, near office. These are the questions (basically requirements of buyer) before buying the house or property. For example – The family is looking for a house which is near to their office location, because they are now sick of travelling and city’s traffic. So they want a house near to their office which makes commuting easy for them.

In this case, they will agree to pay some higher price for the house near to their office location because this is something, they are looking for. Thus seller can take advantage and may sell the property at high price.

In other case, the property’s location is not easily reachable. Then the prices will go down automatically.

Property condition – Property which is well furnished cost high than the one which demands renovation. People are less interested to buy a place which requires renovation. The house with well updated kitchen and bathrooms is more liked by the buyer because the large sum of money needed to renovate these two places. What’s the actual condition of your property impacts the price of the house directly.

Comparable prices – Yes, this you cannot have control over but you can’t ignore it too. The residential property valuers and real estate agents took this into consideration while evaluating the property’s value. The most common method used to evaluate the property’s value is Sales comparison method, In this expert property valuers look at the selling price of those properties which are similar to your subject property. The comparables that are sold out at less price due to any reason puts wrong impression, while calculating your house price.

Impact of Valuation figures – It is the formal way of valuing the property. If the property value is less and seller is demanding higher price than property value than buyer is least interested in buyer such property. The price of the property is affected by property value.

Overall Economy of the country, market conditions, and interest rates are the major factors behind the property price. The prices and value of the property are dynamic and cyclical in nature and majorly it is depends on uncontrollable factors.That’s the reason they varies so much.

The valuers assure, (If there will be no change in market conditions) then this valuation figure will be valid till three months, after the valuation. It is good to have your property valuation after every six months.

Planning to hire a property valuer? We will be happy to assist you. Feel free to contact us, if you need any property valuation services.

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How can a property owner challenge a valuer’s valuation of your property?

Is it right to hire a property valuer first and then challenge the valuer for his work i.e property valuation?

The very first thing is, for hiring a valuer you are giving the fees or you are paying the cost to hire the property valuer and if with the property valuation you are not satisfied then you can put a list of questions or a challenge property valuers Brisbane. Undoubtedly, just to clear the doubts you have.

No matter who will be proved as right or wrong. Always remember the profit will be yours only. Then why to give a second thought before putting question on property valuer’s task, When you know there is something wrong in valuation.

As the property value assessments are related to the financial decisions of the real estate world. The wrong valuation may lead to put hands in a wrong deal which ultimately leads to financial losses. So the right valuation of the property is must.

For this hire an expert valuer having experience and knowledge of the market is essential. Otherwise, non-professional valuer will definitely gives you the inaccurate valuation results. The important challenge for property valuers is to develop a great understanding of the market and good analytical skills, with an aim to determine the appropriate property value.

After hiring an expert, knowledgeable and experienced valuer for your property valuation your task will not going to end. Overall it’s your property and the profit or loss you will make will be yours only. So it’s advisable to check the property valuation process adapted by your property valuer. Eventually which helps you to have a right property valuation of your real estate property.

People want to ask –

Can we challenge the property valuation by property valuer?
Yes, you can challenge. If you think your property possess more value than it is estimated by the valuer or any other appropriate reason along with pieces of evidence in that case you can challenge the property valuation.

How can we challenge a valuer’s valuation?
You can do this only when you have market knowledge, knowledge of comparable properties value (which are nearby your property and sold out in last six months), when you know the analytical methods to measure the property value, then you can challenge the property valuation of the valuer.

Ask the valuers to give you the proper valuation reports, so you can make the valid challenge to the valuer to correct the valuation of your property.
Check the analytical calculations of the valuer, there is a big chance to get an error in this section.

Make sure assessor has visited the whole property and added all the valuable items rightly.

No room, no place (of the property) shouldn’t be left untouched by the property valuer while inspecting the property. Also check the list in the report that he has added the all rooms, bathrooms accurately or not.

Having the right valuation of your property after hiring the property valuer is your right. You can and must challenge the valuer if the valuation is not satisfying you. Hire the best property valuer to know the right value of your property.

Rated number 1 property valuation company

How to find my property’s value?

Well, if you‘re not aware with the term “property worth” or “property value”. Then, please take a pause and let us explain to you the meaning of property value.

Property value is related to the worth of the piece of real estate (the property) based on the price that buyer is ready to pay or in other words the property value is the price buyer gives you to buy your property.

And if you’re eager to know the fair market value of your property (either for any purpose) or looking for property valuer then you are at the right place. The Property valuer Brisbane don’t use tough algorithms and tedious methods for property valuation. The company has a team of experienced property valuers with local market knowledge which is enough to determine the right value of your property value in Brisbane.

Flux in market brings constant changes in the value of the property, As property’s value is directly proportional to market condition. Though many other reasons are also there to consider while evaluating the property’s value. The more important is to hire a property valuer Brisbane company professionals and know the accurate value of your property.

The professionals at Brisbane Property Valuers have undergone through the rigorous training and work experience, they know all about the local area and it’s factors which helps a client to get the best deal as they are best in carrying out property valuation.

Brisbane Property Valuers is the best property valuer Brisbane, know why  –

  1. They have a team of potent and skilled valuers.
  2. Keeps result confidential.
  3. Offers pocket-friendly services.
  4. Accurate evaluation of the properties.
  5. Gives complete all rounded summary report.

Property valuation Brisbane provides the property value which covers legal point, economical point and structural point of view. Whether you want Brisbane property valuation for anything like –

  1. Property settlement valuation
  2. Rental valuations
  3. Pre purchase valuation
  4. Pre sale valuation
  5. Mortgage security valuations
  6. Industrial property valuations
  7. Compensation valuation
  8. Internal accounting valuation
  9. Property settlement valuations
  10. Asset register valuations.

You can easily get in touch with Brisbane Property Valuers experts to get the quick, real-time, reliable services at your doorstep.

Apart from this, you can determine the property value through –

  1. You can use online valuation tools.
  2. Know via competitive market analysis.
  3. You can use a home price index calculator.
  4. Hire a professional appraiser.
  5. Comparative market analysis.
  6. AVM’s – Automated Valuation Models and more.

But the best that we would recommend you to go for is contact Brisbane Property Valuers experts for property valuation in Brisbane. The company works as a valuation consultant, who is known as reputed property valuer in Brisbane.

They provide accurate results report with honesty to clients at competitive prices and offer a wide range of services too.

Don’t forget property valuation is a tough task in its own and filled with uncertainties and dynamic in nature too. So it’s better to hire the professional valuer rather than doing it yourself. Otherwise, it may leads to create a dent in your profit.

Whether you have any kind of property valuation query like residential property valuation, commercial or industrial valuation, building insurance assessment, property valuation Brisbane experts are always there to help you out.

Brisbane property valuation experts are always there to help you out.

For more details or any other query, contact best property valuers in Brisbane at (07) 3123 7147.

Brisbane local property valuers

Brisbane Property Valuers are Licensed Property Valuers in Brisbane, Queensland

Property valuation and consultation services are used by home buyers, property investors, property sellers, financial institutions, corporate establishments, Government, property developers and more.

Brisbane Property Valuers is a company where you can talk directly to the property valuer. As an independent and experienced valuation company, the services cover residential, commercial, building insurance assessment, unit entitlements and compensation/resumption valuations.

Why do you need property appraisal services from licensed professionals? If you want to buy a home and your bank has pre-approved a certain amount, you want to know if the property is really worth that much? When it comes to large investments, it is always necessary to make an informed decision. Buyers sometimes are emotionally attracted to a property and a home valuer will help you decide if the property is overpriced. Apart from buying, the property estimate is also used for mortgage process, taxation and other requirements.

The appraisal report generally includes an explanation of how the property’s value is determined, the size, condition and other factors such as improvements or materials used, potential structural issues, the location, recent market trends and maps and sketches. The value is usually not just for the structure, but also the land in which it is situated.

While selling a home, for instance, you might have the place tidied up, fixed and painted to make it look better. An experienced appraiser will not get affected by cosmetic maintenance and will give an accurate and unbiased estimate. Brisbane Property Valuers is a certified and experienced firm, with a solid reputation that you can rely on.

Get an instant quote online, or call up one of the senior members to get a professional consultation. Your property will be valued accurately and in a timely manner. You also get the best rates in the market, compared to other firms offering similar valuation services.

The professional accreditations include API (Australian Property Institute) and CPV (Certified Practising Valuers). The members of these organisations are known to display a code of ethics, follow specific rules of conduct and professional practice standards. Members of CPV work with integrity and honour, serving clients in good faith while acting impartially and objectively when offering independent advice.

If you need a residential property to be valued, you get a 24 to 48 hour turnaround on most property valuation reports. Some of the residential services include valuations for current fair market value needs, property settlements, Family Law Court of QLD, Separation/De-facto relationship valuations, Capital gains tax and more. (property valuations services)

Commercial or office property valuations are used for superannuation funds/asset registers, market rental reviews or dispute resolution, also for capital gains tax or stamp duty purposes, valuations for current market value and more.

Get more information you can talk to one of our experts and we all provide the assist you require.