Local Property Valuers in Lake Wendouree VIC

The top 4 factors impacting Property Valuation

To aid your decision making process, listed below are a few factors that can affect the property valuation.

1. Location: Proximity to employment centres, medical facilities, shops, schools and transport links are determining factors for many families when buying a new home.
2. Age and condition: The condition makes a huge difference in the value of property. An old but well maintained property is likely to have a higher house valuation than a new and bruised house.
3. Rooms and facilities: There may be room for improvement in a home. Increasing the number of bedrooms or bathrooms makes for a higher valuation.
4. Zoning and sub-development opportunities: Commercial independent property valuers take into account the potential to subdivide a block of land and create multiple units or townhouses for a profit.

These are just some factors that national registered property valuers take into account. It’s best to get a proper real estate valuation when you need to value your property. Have a browse through our directory to find one today.