![]() You should explore cheaper options first though before committing to a project of this scale just for the sole purpose of increasing your property’s value. Making sure that your property is decluttered, clean and tidy can go a long way – carrying out jobs such as mowing the lawn, adding fresh paint or fixing broken fences are just some of the ways you can potentially increase your property’s value without spending too much money.īigger and more expensive improvements such as renovations aren’t always necessary but might be worth considering. A mortgage lender may wish to carry out a valuation, simply to check that the property is worth the amount you claim it to be, but this will only be for their use and will not be as detailed as a valuation carried out by an estate agent.īefore a valuation, there are some things you may wish to do that can maximise the potential value of your home. By providing this accurate information, you’re more likely to receive better support from mortgage lenders, or any other financial support you need. If you give them an estimated value that is too low, you risk not being adequately covered.Īs for remortgaging and refinancing your property, a valuation provides accurate information about the value of your home that will only work in your favour. If you give your insurer a value that is too high, you will be paying more than is necessary for your insurance. Finding out the value of your home prior to insuring it will help you to determine the level of cover you need, based on your property’s value. Valuations can also be useful for people that are wanting to insure their property or refinance it. ![]() This will attract the right tenants to the property and, again, will ensure that the landlord doesn’t miss out by valuing the property too high or too low. ![]() By doing so, they can make sure that the rental costs they advertise to potential tenants on the rental market are fair and accurate. It will also inform your budget for a new home – learning how much profit you’ll make from your home will inform how much money you can afford to spend on a new property.Īs for landlords, having a valuation conducted can help them to find out how much their investment is worth. An accurate valuation will ensure that your asking price is fair and representative of the property’s true value. On the other hand, if you advertise your property at a price that is too high, you’ll probably gain very little interest from potential buyers. This can then lower your budget for a new home in the future. It may generate interest from potential buyers, but you will not sell your house for the price it deserves. After all, if your asking price is too low, you’ll lose money. If you’re wanting to sell your home, a valuation will help you to determine what your initial asking price will be when the property goes to market. Property valuations are most commonly used by sellers looking to sell their home, or by landlords that want to put their rental properties on the market. The value is concluded by an assessment of your home, where the estate agent will take multiple factors into consideration to determine how much it is worth at the time of the valuation. What is the purpose of a property valuation?Ī property valuation is an estimate of your property’s value. If you’re interested in finding out the value of your property, get in touch with your local team today at our Radcliffe, Ramsbottom or Burnley branches to book your free valuation. Better still, they’re free and can be carried out with no obligation, meaning that you can get a valuation from us without having to commit to selling or renting just yet. The agents here at Jon Simon are property experts, using the best local market knowledge and experience to carry out reliable valuations you can trust. ![]() Using an expert estate agent will start your process of selling or renting in a way that is simple and stress-free. When it comes to getting your home valued, finding a reliable, honest quality estate agent to carry out a professional valuation is crucial as it will provide you with accurate information that you can use to inform your decisions. If you aren’t quite ready to take the next step and put your property on the market just yet, they can still be a useful tool, helping you to make informed decisions going forward when the time is right for you. The highly experienced Commercial Property Valuation team has extensive market knowledge and uses the latest researched market information to provide accurate and timely advice on commercial property acquisition, occupation, development and disposal.A property valuation is the key to understanding how much your home is worth, as it usually marks the beginning of a journey into selling or renting.
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