Housing And Land Valuations: What To Expect

Housing And Land Valuations: What To Expect

Knowing the value of your housing or land is always a good thing. It will help you make so many more decisions and also help you to know what your estate is worth. If you are looking at selling either your land or home, then a valuation is also the best way to go for you. This means that you will never have to worry about getting less money that you deserve when it comes to your home, and you will also never have to worry about paying more than what a property is worth.

What to expect during a home valuation

During a home valuation, there will be certain factors looked at, that will enable your valuer to determine how much your property is worth or how much you should get for it. When the valuers visit your property, they will measure it, and make notes about the details of it, such as the structure, any faults in the structure, the rooms, the layout of the house, the presentation and the fixtures and fittings. After this, any improvements made to the house will be looked at. If you have made recent improvements to the house that make it better, then you will be able to sell your home for a lot more than if you had only made certain improvements to it that did not enhance the functionality of the house. The age of you home will also get judged, as this is a big factor when it comes to pricing. Then the house will be compared with others of its type, meaning that an overall aggregate of its value will be reached.

What to expect from a land valuation

When you own a piece of land, there are a lot of other factors that come into play, namely whether or not the land is for commercial, farming or residential use, and where it is zoned. You cannot for instance, sell a piece of residential land at the cost of a piece of commercial land, if it is not in the correct zone. There are some zones that do not allow for the operation of commercial business. A piece of land that is available for farming will be valued in how arable it is and also what types of produce it can grow. The better the climate and the more arable the land, the more expensive it will be. In terms of commercial land, the better located it is to arterial routes and ports, the more expensive it will be to buy.