Residential Property Valuation Reports

What is a Residential Property Valuation Report?
A residential property valuation report is a comprehensive document prepared by a qualified valuer that assesses the market value of a property. This report considers various factors, including the property’s location, size, condition, and comparable sales in the area. It serves as an objective evaluation, essential for making informed real estate decisions.

Key Components of a Valuation Report
Property Details: This section includes the property’s address, description, and any unique features that may affect its value.

Market Analysis: The valuer analyzes recent sales data for comparable properties (also known as “comps”) in the area. This helps establish a baseline for the property’s market value.

Physical Inspection: The valuer conducts a thorough inspection of the property, assessing its condition, layout, and any improvements or repairs needed.

Valuation Methodologies: The report outlines the methods used to determine the property’s value, such as the sales comparison approach or the cost approach.

Final Valuation: The report concludes with a final market value, providing a clear picture of what the property is worth.
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Mike Wilczynski
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Level 2, 70 Hindmarsh Square, Adelaide 5000, Australia