Property valuation is the process of estimating the market value of a property. It is important to have an accurate valuation of a property for many reasons, such as:
-To ensure that the property is insured for the correct amount
-To help determine the amount of tax that is payable on the property
-To help decide whether to buy, sell or rent a property
-To assist in mortgage applications
-To provide information for divorce settlements
An accurate valuation of a property can be difficult to achieve, as there are many factors to consider, such as location, condition, size, age, amenities and recent market trends.
A professional valuer will have the knowledge and experience to take all of these factors into account and provide an accurate estimate of the market value of a property.