Points That a Property Valuation Report Must Contain

By Nitesh Shrivastava On 2017-02-03 01:02:51

Property valuation is an important part when you are applying for home loan.

Types of property valuation
There area basically two types of property: Residential or Commercial. Experts say there are different factors to determine each type. The property would be measured on the basis of number of rooms, fixtures & fittings in each room .Apart from all, there are some other unique attributes that would consider:
1. Location of property
2. Building condition
3. Building structure
4. Building fitting or structure
5. Parking and garage access
6. Local council zoning

These are the attributes for the valuation report.

Why property valuation is necessary?
Every client has right to get their property valued because of following reasons:
1. Client get an idea of better buying and selling or even investing decision
2. Clients will get to understand the gap between the value and price
3. Property is tax deductible
4. No personal relationship changes any decision
5. Assessment of an assets can be done

Property Valuation will Includes detailed and summary of the following things:
1. Address
2. Zoning
3. Title Details
4. Current Owner
5. Council
6. Premises description
7. Location
8. Neighborhood
9. Site description
10. Accommodation type
11. Locality Map
12. Ancillary improvement
13. Photographs latest
14. Sales proof or evidence