Property valuations are at the core of the property selling process. It’s vital for everyone involved in the buying stages to know how much the property being sold is worth from the off, to help them negotiate a fair asking price and for the buyer to grasp the current state of the local market. It can also help one to get a head start on discovering how they can maximise the value of their property.
A property valuation is carried out by a registered Valuer to give an accurate idea of the worth of properties. There are a lot of different factors considered in a valuation; even superficial ones, like how tidy it is, can affect your asking price.
Some of the more general criteria include the age of the property, wear and tear, size and room layout, and any extras or additional fittings the house has. Buyers will also need to have a valuation if they’re mortgaging their property, to ensure the lender offers the correct amount. Valuers may carry out more extensive surveys to check for structural damage.
For the valuation to be fair, a property will be compared with similar properties in the same area. It should fall in line with general property prices for the locale. The desirability of the neighbourhood, demand for the area and location relative to amenities will all help to boost your valuation.
If you need property valuation services always check with the Valuers Council of Zimbabwe to ensure that you are dealing with a bonafide qualified and registered valuer.