Why use a valuer?
Property is a dynamic and evolving asset, it may be the biggest asset many of us will ever own.
No two properties are alike as are no two people. Registered valuers are trained and experienced to characterise and assess homes for there utility, marketability and suitability for potential owners, investors, tenants and vested interested such as banks, the government and insurance companies.
A registered valuation will provide you comprehensive and independent advise regarding a specific property, location and real estate market including a current market value.
Potential uses for valuer can include:
PURCHASING:
- what is a fair amount to offer?
- Is the locality suitable, are there any potential developments to be concerned about?
- is the condition of the property acceptable?
- Does the title reveal any limitations, advantageous or damaging easements or transfers
- Does the bank require an assessment of the security?
- Do you proposed to change the use of the property- ie commercial
- Do you require an assessment of market rental
- Do you require confirmation of building age, construction, size, replacement value or indemnity value for insurance purposes?
TAXATION:
- Related party transfers or family trusts
- G.S.T claims
- Home office apportionments and rental assessments
- Estate transactions
- What is the current market value now for finance?
- What is the proposed market value to avoid over-capitalisation?
- Does the design conform to a modern standard of accommodation
- Determine market land value
- Estimate market value of the completed dwelling based on the proposed plans.
- Provide timely progress valuations to secure funds
- Is this an appropriate purchase for my portfolio
- risk vs return?
- What is the market value and potential returns
- Potential enhancements
PROPERTY RELATIONSHIPS AMENDMENT ACT 2001
- Creating provisions for the fair division of property in relationships
- expert witness in court
- Providing advise in the event of separation
- compulsory acquisition of land for public roads or a public project
- sale of a portion of land or divesting of property rights to an adjoining land owner
- potential subdivision of land
- insurance compensation
- what is the appropriate way to assess loss?
- change of use valuation- ie daycare centres, commercial practices
- what can I do to increase the value of my property or increase its sale appeal?
The list is non exhaustive.