Property Valuation Adelaide - Coleman Property

Property Valuation in Adelaide by Coleman Property Adelaide Hills

When it comes to buying or selling a home, there are few issues as emotive as your property valuation in Adelaide. The assessment of your property is a key part of the sale, particularly in today’s climate. Without knowing the value of a property, it’s impossible to know how to effectively charge rent, what price to ask, or how much to pay. Your home appraisal is the opinion of a trained professional at a given point in time. If you need a home value estimator, Coleman Property, Adelaide Hills can help.

Common Mistakes People Make Regarding Home Buying and Property Appraisal

Especially if you are a first-time homebuyer, you may have your work cut out for you when it comes to getting the house of your dreams. It takes quite a bit of research and planning to get it right – but it’s well worth the legwork. Here are a few common mistakes to avoid for the best experience possible.

Making an emotional decision. Buying your first home is exciting. It can be very tempting to rush in and “fall in love” with a house without considering all the important factors, such as its location, its amenities, and whether it meets all your requirements. Try to keep your excitement at bay as you do your due diligence and even consult your friends or family for an objective viewpoint.
Overshooting your budget. You probably prepared a budget before you even started looking at houses to determine what you could afford. Precisely because first-time buyers may not be aware of all costs involved, they tend to overshoot their budgets. Be sure that you include all potential expenses you can think of and leave a “buffer” amount built-in to protect your finances from anything unexpected that may arise.
Not considering the future. One of the most important factors to consider when buying a house – and one of the most often overlooked – is how well the home will suit your needs in the future. Not only can your needs change – for example, if you add to your family or expect to have older family members move in with you later. The property itself and the area where it’s located can also change because of issues such as road or bridge development, nearby undeveloped land, and the value of other homes in the neighbourhood.
Failing to have a professional property valuation. Your appraisal is an essential step to take when buying any home, whether it’s your first one or not. This process is necessary to assess the value of the property, considering factors such as the state of its foundation, its location, any pest infestations, the need for repairs, and so on. If you skip your real estate appraisal, you may not know whether the asking price is a fair one or not.

Tips Regarding Residential Property Valuations for Sellers

On the other hand, you may not be buying a property at all – you may be selling yours. Being prepared for a property valuation can make the process go more smoothly for both yourself and the property valuer. Here are some tips to help you get your property ready.

Tidy up. A little dust won’t affect your property value but cleaning up allows you to present your property in the best possible light. So, mow the grass, clean high-traffic areas, run the vacuum cleaner, take out the rubbish, and generally make your home look as beautiful as you can.
Gather documentation. If you have a digital or print copy of your building plans, provide this to your valuer to expedite the process and assist with a full valuation. Your valuer may also request any Rates Notices or other documents that you have, so go ahead and have them ready.
Know your neighbourhood. Look into recent sales figures for nearby properties in your area and let the valuer know about these. See if you can collect evidence such as the contact information of the real estate agents or even the sales brochures.
Communicate with the valuer. Some homes have hard-to-see features that the valuer might miss. Let your valuer know about anything like this in your home so that they can consider it. You should also inform the valuer of any recent renovations and their approximate costs.
Be honest and realistic. A certified valuer will be qualified to determine your property’s value, so there is no point in exaggerating or being dishonest in any way. The valuer’s job is to provide a fair market value by basing this value on your property, the market, and sales of similar properties in the neighbourhood.

About Coleman Property Adelaide Hills

Coleman Property provides premium service and marketing for a wide range of properties for sale and lease in Mount Barker SA. When you sell or rent your property through us, we guarantee personalised service, highly trained staff, the latest technology, and the highest standard of courtesy and ethics. We are a family-owned business with extensive experience and knowledge of our areas of focus.

We not only offer property price estimates but other services as well, such as property management. If you are privately renting your property, we can take care of everything for you, including maintenance, lease renewals, and much more. We take care of each property as our investment to give you the best possible experience.

We offer incomparable local knowledge because we are locals ourselves. We love our community and possess a deep understanding of the local market. We know that your property is most likely one of your biggest investments – if not your single biggest investment – and we treat each property with the attention to detail that it deserves (and that you deserve). If you require the services that we offer, then we look forward to listening to you, getting to know you, and providing you with top-notch service. Contact us today and ask us about free property appraisal.