Friday, 18 May 2012

Expert Advice on property Valuation

By David MacIntosh


Having a property which is accurately valued is very important if you are looking to buy or sell a property and you always want to know if you are getting your value for money and selling or buying at the right price. With the ability to make or break a property and leave you seriously out of property, you could suffer from substantial financial losses if your property has been undervalued. If you are going to put your finances in the hands of an expert then you need to know that they are able to perform this task well.

When it comes to the initial property valuation you could find that the figure you are given are quite far away from what you are expecting and this can come as a shock to many people. If you are considering a valuation then you need to take into consideration one of the most crucial influences on the price of a property is its location and this will help make or break the value of your property.

Industrial estates and factories can often prove unpopular in residential neighbourhoods, in contrast various amenities such as schools and parks can prove really popular and this can help to drive up the values in a certain area. The location compared to a city centre or major shopping district can also help to impact a value and also the accessibility to public transport.

Another factor that can affect your property valuation is the type of property which you own and any amenities which might come with it. In general, if you are part of an apartment block then your property may be affected by those apartments around you in the same way that if you own a house the value of your property could be affected by the state of your garden or your neighbours.

Having the right values can be crucial to the success of buying or selling any different type of property and you may consider getting a number of different valuations if you are looking to really make money out of your property.




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