What Does the Property Valuer Do?
Valuing a House
These are the things a property valuer will do as part of valuing a house:
- Inspect the house inside and out.
- Measure the dimensions of the house and rooms.
- Note the building construction type and the materials used.
- Estimate or find out the age of the house.
- Rate the condition of the house.
- Inspect the house inside including looking at walls, floors, ceilings, doors, design features, natural and artificial light, ventilation, exterior cladding, the roof, guttering, and fencing.
- Take into account outstanding maintenance.
- Measure garages and note car parking and access.
- Inspect the site noting any issues such as flooding, drainage, and subsidence.
- Check out the immediate neighbours, the street, and the local area - and will note all the positives and negatives.
- Work out the distance to the centre of town and look at the convenience of public transport.
- Refer to the district plan and note the present use of the property in relation to its zoning.
- Take into account the type of title.
- Collect data about recent sales that can be used to value the property.
- Make an assessment of marketability based on their observations.
- Take into account the current state of the real estate market for that type of house in that area.
- Prepare a written report.
the Market Value...